Funding round
Exotec Series D
Exotec, which works in warehouse automation solutions design and integration in Wasquehal, raised $335M in a Series D round announced on 17 Jan 2022, led by Goldman Sachs Asset Management, at a $2.00B post-money valuation. 7 firms took part. It is Exotec's third venture round on record; the one before was a Growth in Sep 2020.
$335M
Amount raised
$2.00B
Post-money valuation
$1.67B pre-money
7
Investors
1 lead
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Exotec at $2.00B after the new money. The $335M bought investors about 17% of the company. It came 16 months after Exotec's Growth. It is 76% of the $443M Exotec has raised in the venture rounds on record. No later venture round is on record for Exotec.
Exotec's funding rounds
Exotec has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Goldman Sachs Asset Management led the round with 6 other firms.
Lead investor
- Goldman Sachs Asset Management new investor
Also in the round
- backs 42 venture-backed companies new investor
- backs 79 venture-backed companies new investor
- Bpifrance new investor
- backs 59 venture-backed companies new investor
- backs 45 venture-backed companies new investor
- backs 19 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
7 Series D rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $100M, and this round was 3.4 times the median. The closest in time, other companies' Series D rounds in Industrial Machinery & Supplies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 26 Jan 2022 | $62M | not disclosed | SoftBank Vision Fund |
| Industrial Machinery & Supplies | 21 Dec 2021 | $30M | not disclosed | not named |
| Sunfire Industrial Machinery & Supplies | 18 Oct 2021 | $125M | not disclosed | Lightrock and Planet First Partners |
| Industrial Machinery & Supplies | 7 Apr 2022 | $50M | $530M | not named |
| Industrial Machinery & Supplies | 15 Sep 2021 | $200M | not disclosed | SoftBank Vision Fund |
| Industrial Machinery & Supplies | 14 Jun 2022 | $100M | not disclosed | Capital Today |
| Industrial Machinery & Supplies | 20 Jul 2022 | $150M | not disclosed | Temasek and True Light Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Exotec raise in its Series D round?
Exotec raised $335M in its Series D round, announced in Jan 2022.
Who led Exotec's Series D round?
Goldman Sachs Asset Management led it, with 83North, Dell Technologies Capital, Bpifrance, 360 Capital and Breega and 1 more.
What was Exotec's valuation at the Series D round?
$2.00B post-money ($1.67B pre-money).
How does it compare with other Series D rounds in Industrial Machinery & Supplies?
7 Series D rounds in Industrial Machinery & Supplies within a year either side disclosed an amount; the median was $100M, and this round was 3.4 times the median.