Funding round
Fetch Series D
Fetch, which works in purchase rewards earning in Madison, raised $210M in a Series D round announced on 1 Apr 2021, led by SoftBank Vision Fund, at a $1.00B post-money valuation. 5 firms took part, 4 of them already investors. It is Fetch's second venture round on record; the one before was a Series C in Dec 2020.
$210M
Amount raised
$1.00B
Post-money valuation
5
Investors
1 lead
21%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Fetch at $1.00B after the new money. The $210M bought investors about 21% of the company. It came 4 months after Fetch's Series C. It is 40% of the $530M Fetch has raised in the venture rounds on record. Fetch raised again 12 months later: a Growth round of $240M in Apr 2022, at $2.50B 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
SoftBank Vision Fund led the round with 4 other firms. ICONIQ, DST Global, Greycroft and Headline had backed Fetch before.
Lead investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Also in the round
- ICONIQ existing investor
- DST Global backs 179 venture-backed companies existing investor
- Greycroft backs 236 venture-backed companies existing investor
- backs 163 venture-backed companies existing investor
Comparable rounds
How it compares
226 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.1 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| SambaNova Tech Companies | 13 Apr 2021 | $676M | $5.00B | SoftBank Vision Fund |
| Tech Companies | 1 Apr 2021 | $135M | not disclosed | not named |
| Tech Companies | 30 Apr 2021 | $105M | $1.00B | Coatue |
| Tech Companies | 22 Apr 2021 | $100M | not disclosed | BlackRock |
| Tech Companies | 6 Apr 2021 | $100M | $1.40B | B Capital |
| Tech Companies | 1 Apr 2021 | $75M | not disclosed | Pitango |
| Tech Companies | 27 Apr 2021 | $50M | not disclosed | Apax Partners |
| Tech Companies | 14 Apr 2021 | $40M | not disclosed | Cross Creek |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Fetch raise in its Series D round?
Fetch raised $210M in its Series D round, announced in Apr 2021.
Who led Fetch's Series D round?
SoftBank Vision Fund led it, with ICONIQ, DST Global, Greycroft and Headline.
What was Fetch's valuation at the Series D round?
$1.00B post-money.
How does it compare with other Series D rounds in Tech Companies?
226 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.1 times the median.
Did Fetch raise again after this round?
Yes: a Growth round in Apr 2022 of $240M at $2.50B post-money.