Funding round
Flock Safety Series C
Flock Safety, which works in public safety technology manufacturing in Atlanta, raised $47M in a Series C round announced on 2 Nov 2020, led by Meritech Capital. 7 firms took part. It is Flock Safety's fourth venture round on record; the one before was a Series B in Apr 2020.
$47M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Flock Safety did not disclose a valuation in this round; its last disclosed one was $60M at the Series A (Nov 2018). It came 7 months after Flock Safety's Series B. It is 6.7% of the $698M Flock Safety has raised in the venture rounds on record. Flock Safety raised again 8 months later: a Series D round of $150M in Jul 2021. Its next priced round, a Series H+ in Apr 2026, valued it at $8.40B.
Flock Safety's funding rounds
Flock Safety has 7 venture rounds on record. This one is highlighted.
- Seed 1 Jan 2017, led by Y Combinator $120K
- Series A 7 Nov 2018, led by Bedrock $10M$60M post-money
- Series B 6 Apr 2020 $16M
- Series C this round 2 Nov 2020, led by Meritech Capital $47M
- Series D 13 Jul 2021, led by Andreessen Horowitz $150M
- Series H+ 17 Apr 2026 $200M$8.40B post-money
- Growth 24 Jul 2026, led by Andreessen Horowitz $275M$7.50B post-money
Investors
Who put money in
Meritech Capital led the round with 6 other firms.
Lead investor
- Meritech Capital new investor
Also in the round
- backs 115 venture-backed companies new investor
- backs 33 venture-backed companies new investor
- backs 38 venture-backed companies new investor
- Matrix Partners new investor
- Founders Fund backs 368 venture-backed companies new investor
- Y Combinator backs 1,295 venture-backed companies new investor
Joined the board: Alex Clayton (Meritech Capital) and Ilya Sukhar (Matrix Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Alarms, Surveillance & Security Systems, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Alarms, Surveillance & Security Systems | 16 Jul 2020 | $36M | not disclosed | Greycroft |
| Verkada Alarms, Surveillance & Security Systems | 29 Jan 2020 | $80M | $1.60B | Felicis |
| Dott Bicycle Rental Services | 10 Nov 2020 | $250M | $1.00B | SoftBank Vision Fund |
| TIER Car Rental | 10 Nov 2020 | $250M | $1.00B | SoftBank Vision Fund and Softbank |
| Farm Equipment | 16 Nov 2020 | $182M | not disclosed | Baidu Ventures and SoftBank Vision Fund |
| Current Banks & ATMs | 24 Nov 2020 | $131M | $750M | Tiger Global |
| Satispay Payment Processing & Point of Sale | 20 Nov 2020 | $110M | not disclosed | Square and Tencent |
| Carbon Health Health Care Services | 10 Nov 2020 | $100M | not disclosed | Dragoneer Investment Group |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Flock Safety raise in its Series C round?
Flock Safety raised $47M in its Series C round, announced in Nov 2020.
Who led Flock Safety's Series C round?
Meritech Capital led it, with Initialized, Axon Partners Group, Bedrock, Matrix Partners and Founders Fund and 1 more.
What was Flock Safety's valuation at the Series C round?
It was not disclosed; its last disclosed one was $60M at the Series A (Nov 2018).
Did Flock Safety raise again after this round?
Yes: a Series D round in Jul 2021 of $150M.