Funding round
Eon Series C
Eon, which works in cloud backup posture management solutions in New York, raised $70M in a Series C round announced on 26 Nov 2024, led by BOND, at a $1.40B post-money valuation. 4 firms took part. It is Eon's fifth venture round on record; the one before was a Series B in Oct 2024.
$70M
Amount raised
$1.40B
Post-money valuation
$1.33B pre-money
4
Investors
1 lead
5.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Eon at $1.40B after the new money. The $70M bought investors about 5.0% of the company. It came 1 month after Eon's Series B. It is 11% of the $624M Eon has raised in the venture rounds on record. Eon raised again 13 months later: a Series D round of $300M in Dec 2025, at $4.00B post-money.
Eon's funding rounds
Eon has 6 venture rounds on record. This one is highlighted.
Investors
Who put money in
BOND led the round with 3 other firms.
Lead investor
- BOND backs 91 venture-backed companies new investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- Greenoaks backs 77 venture-backed companies new investor
Comparable rounds
How it compares
258 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $55M, and this round was 1.3 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Lighthouse Tech Companies | 21 Nov 2024 | $370M | $2.40B | KKR |
| Tech Companies | 12 Nov 2024 | $200M | $1.90B | Premji Invest and Radical Ventures |
| DeepRoute.ai Tech Companies | 5 Nov 2024 | $100M | $600M | not named |
| Tech Companies | 25 Nov 2024 | $100M | $1.00B | Evolution Equity Partners and Cisco Investments |
| Tech Companies | 29 Nov 2024 | $80M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 19 Nov 2024 | $75M | not disclosed | Growth Equity at Goldman Sachs Alternatives and Goldman Sachs |
| Tech Companies | 19 Nov 2024 | $60M | not disclosed | Warburg Pincus |
| Tech Companies | 12 Nov 2024 | $49M | $298M | Axon Enterprise Inc. and W23 |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Eon raise in its Series C round?
Eon raised $70M in its Series C round, announced in Nov 2024.
Who led Eon's Series C round?
BOND led it, with Sequoia Capital, Lightspeed Venture Partners and Greenoaks.
What was Eon's valuation at the Series C round?
$1.40B post-money ($1.33B pre-money).
How does it compare with other Series C rounds in Tech Companies?
258 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $55M, and this round was 1.3 times the median.
Did Eon raise again after this round?
Yes: a Series D round in Dec 2025 of $300M at $4.00B post-money.