Funding round
Eon Series B
Eon, which works in cloud backup posture management solutions in New York, raised $77M in a Series B round announced on 1 Oct 2024, led by Greenoaks. 2 firms took part. It is Eon's fourth venture round on record; the one before was a Series A in Oct 2024.
$77M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Eon did not disclose a valuation in this round. It is 12% of the $624M Eon has raised in the venture rounds on record. Eon raised again 1 month later: a Series C round of $70M in Nov 2024, at $1.40B post-money.
Eon's funding rounds
Eon has 6 venture rounds on record. This one is highlighted.
Investors
Who put money in
Greenoaks led the round with 1 other firm.
Lead investor
- Greenoaks backs 77 venture-backed companies new investor
Also in the round
- backs 111 venture-backed companies new investor
Comparable rounds
How it compares
639 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 2.6 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 29 Oct 2024 | $100M | $500M | JMI Equity |
| Tech Companies | 1 Oct 2024 | $80M | not disclosed | Digital Transformation Capital Partners |
| Tech Companies | 21 Oct 2024 | $80M | not disclosed | Susquehanna Growth Equity |
| Tech Companies | 25 Oct 2024 | $76M | not disclosed | Baillie Gifford and NATO Innovation Fund NIF |
| Tech Companies | 28 Oct 2024 | $50M | $450M | Smash Capital |
| Tech Companies | 24 Oct 2024 | $45M | not disclosed | Top Tier Capital Partners and HarbourVest |
| Tech Companies | 15 Oct 2024 | $45M | not disclosed | Scale Venture Partners |
| Tech Companies | 22 Oct 2024 | $40M | not disclosed | Abstract Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Eon raise in its Series B round?
Eon raised $77M in its Series B round, announced in Oct 2024.
Who led Eon's Series B round?
Greenoaks led it, with Quiet Capital.
What was Eon's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
639 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 2.6 times the median.
Did Eon raise again after this round?
Yes: a Series C round in Nov 2024 of $70M at $1.40B post-money.