Funding round
Eon Series D
Eon, which works in cloud backup posture management solutions in New York, raised $300M in a Series D round announced on 2 Dec 2025, led by Gil Capital, at a $4.00B post-money valuation. 7 firms took part, 5 of them already investors. It is Eon's sixth venture round on record; the one before was a Series C in Nov 2024.
$300M
Amount raised
$4.00B
Post-money valuation
$3.70B pre-money
7
Investors
1 lead
2.9x
Step-up from the Series C
$1.40B in Nov 2024
7.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Eon at $4.00B after the new money, 2.9 times the $1.40B of its Series C (Nov 2024). The $300M bought investors about 7.5% of the company. It came 13 months after Eon's Series C. It is 48% of the $624M Eon has raised in the venture rounds on record. No later venture round is on record for Eon.
Eon's funding rounds
Eon has 6 venture rounds on record. This one is highlighted.
Investors
Who put money in
Gil Capital led the round with 6 other firms. Gil Capital, Sequoia Capital, Lightspeed Venture Partners and Greenoaks and 1 more had backed Eon before.
Lead investor
- Gil Capital existing investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies existing investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- Greenoaks backs 77 venture-backed companies existing investor
- BOND backs 91 venture-backed companies existing investor
- Affinity new investor
- backs 36 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
100 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 3.0 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 2 Dec 2025 | $233M | not disclosed | NTT Group and Qatar Investment Authority |
| Tech Companies | 9 Dec 2025 | $140M | $4.50B | Sequoia Capital |
| Tech Companies | 13 Nov 2025 | $2.30B | $29.30B | Accel and Coatue |
| Metropolis Tech Companies | 6 Nov 2025 | $500M | $5.00B | LionTree |
| ClickHouse Tech Companies | 16 Jan 2026 | $400M | $15.00B | Dragoneer Investment Group |
| Parloa Tech Companies | 15 Jan 2026 | $350M | $3.00B | General Catalyst |
| Tech Companies | 13 Jan 2026 | $200M | $2.15B | Battery Ventures and Sapphire Ventures |
| Tech Companies | 11 Jan 2026 | $140M | $1.20B | Merlin Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Eon raise in its Series D round?
Eon raised $300M in its Series D round, announced in Dec 2025.
Who led Eon's Series D round?
Gil Capital led it, with Sequoia Capital, Lightspeed Venture Partners, Greenoaks, BOND and Affinity and 1 more.
What was Eon's valuation at the Series D round?
$4.00B post-money ($3.70B pre-money).
How does it compare with other Series D rounds in Tech Companies?
100 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 3.0 times the median.