Funding round
Fetch Growth
Reported as "Growth Equity"
Fetch, which works in purchase rewards earning in Madison, raised $240M in a Growth round announced on 7 Apr 2022, led by Hamilton Lane, at a $2.50B post-money valuation. 11 firms took part, 6 of them already investors. It is Fetch's third venture round on record; the one before was a Series D in Apr 2021.
$240M
Amount raised
$2.50B
Post-money valuation
$2.26B pre-money
11
Investors
1 lead
2.5x
Step-up from the Series D
$1.00B in Apr 2021
9.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Fetch at $2.50B after the new money, 2.5 times the $1.00B of its Series D (Apr 2021). The $240M bought investors about 9.6% of the company. It came 12 months after Fetch's Series D. It is 45% of the $530M Fetch has raised in the venture rounds on record. No later venture round is on record for Fetch.
Fetch's funding rounds
Fetch has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Hamilton Lane led the round with 10 other firms. SoftBank Vision Fund, ICONIQ Growth, DST Global and Greycroft and 2 more had backed Fetch before.
Lead investor
- backs 34 venture-backed companies new investor
Also in the round
- backs 2 venture-backed companies new investor
- NielsenIQ new investor
- TelevisaUnivision new investor
- Yieldstreet new investor
- SoftBank Vision Fund backs 234 venture-backed companies existing investor
- ICONIQ Growth existing investor
- DST Global backs 179 venture-backed companies existing investor
- Greycroft backs 236 venture-backed companies existing investor
- Gaingels backs 364 venture-backed companies existing investor
- backs 163 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
427 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 4.0 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Sonar Tech Companies | 26 Apr 2022 | $412M | $4.70B | Advent International and General Catalyst |
| NEAR Tech Companies | 9 Apr 2022 | $350M | not disclosed | Tiger Global |
| Tech Companies | 12 Apr 2022 | $215M | not disclosed | Vista Equity Partners |
| Kpler Tech Companies | 13 Apr 2022 | $200M | not disclosed | Insight Partners and Five Arrows |
| Tech Companies | 11 Apr 2022 | $185M | $1.70B | SoftBank Vision Fund |
| Tech Companies | 7 Apr 2022 | $150M | $3.00B | Andreessen Horowitz and SoftBank Vision Fund |
| Tech Companies | 28 Apr 2022 | $105M | $530M | Bertelsmann Investments |
| Tech Companies | 8 Apr 2022 | $100M | $1.60B | Novator Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Fetch raise in its Growth round?
Fetch raised $240M in its Growth round, announced in Apr 2022.
Who led Fetch's Growth round?
Hamilton Lane led it, with Archer Capital Group, NielsenIQ, TelevisaUnivision, Yieldstreet and SoftBank Vision Fund and 5 more.
What was Fetch's valuation at the Growth round?
$2.50B post-money ($2.26B pre-money).
How does it compare with other Growth rounds in Tech Companies?
427 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 4.0 times the median.