Funding round
Fetch Series C
Fetch, which works in purchase rewards earning in Madison, raised $80M in a Series C round announced on 7 Dec 2020, led by ICONIQ Growth. 4 firms took part, 2 of them already investors. It is Fetch's first venture round on record.
$80M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Fetch did not disclose a valuation in this round. It is Fetch's first venture round on record, 7 years after it was founded in 2013. It is 15% of the $530M Fetch has raised in the venture rounds on record. Fetch raised again 4 months later: a Series D round of $210M in Apr 2021, at $1.00B post-money.
Fetch's funding rounds
Fetch has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
ICONIQ Growth led the round with 3 other firms. Greycroft and Headline had backed Fetch before.
Lead investor
- ICONIQ Growth new investor
Also in the round
- DST Global backs 179 venture-backed companies new investor
- Greycroft backs 236 venture-backed companies existing investor
- backs 163 venture-backed companies existing investor
Comparable rounds
How it compares
435 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $55M, and this round was 1.5 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| OneTrust Tech Companies | 21 Dec 2020 | $300M | $5.10B | Technology Crossover Ventures |
| Tech Companies | 22 Dec 2020 | $265M | not disclosed | Hillhouse |
| Tech Companies | 8 Dec 2020 | $135M | not disclosed | Intel Capital |
| Tech Companies | 8 Dec 2020 | $110M | not disclosed | National Grid Partners and Koch Disruptive Technologies |
| Tech Companies | 2 Dec 2020 | $81M | $681M | Goldman Sachs Growth |
| Tech Companies | 8 Dec 2020 | $75M | $2.00B | Lightspeed Venture Partners |
| Tech Companies | 16 Dec 2020 | $70M | not disclosed | not named |
| Tech Companies | 15 Dec 2020 | $60M | not disclosed | Matrix Capital Management |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Fetch raise in its Series C round?
Fetch raised $80M in its Series C round, announced in Dec 2020.
Who led Fetch's Series C round?
ICONIQ Growth led it, with DST Global, Greycroft and Headline.
What was Fetch's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
435 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $55M, and this round was 1.5 times the median.
Did Fetch raise again after this round?
Yes: a Series D round in Apr 2021 of $210M at $1.00B post-money.