Funding round
G42 Growth
Reported as "Growth Equity"
G42, which works in AI solutions development in Abu Dhabi, raised $800M in a Growth round announced on 14 Apr 2021, led by Silver Lake. 1 firm took part. It is G42's first venture round on record.
$800M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
G42 did not disclose a valuation in this round. It is G42's first venture round on record, 3 years after it was founded in 2018. It is 35% of the $2.30B G42 has raised in the venture rounds on record. G42 raised again 41 months later: a Growth round of $1.50B in Sep 2024.
G42's funding rounds
G42 has 2 venture rounds on record. This one is highlighted.
- Growth this round 14 Apr 2021, led by Silver Lake $800M
- Growth 20 Sep 2024, led by Microsoft $1.50B
Investors
Who put money in
Silver Lake led the round.
Lead investor
- Silver Lake backs 44 venture-backed companies new investor
Joined the board: Egon Durban (Silver Lake).
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
393 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 13 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| ShareChat Tech Companies | 8 Apr 2021 | $502M | $2.10B | not named |
| Mavenir Tech Companies | 21 Apr 2021 | $500M | not disclosed | Koch Strategic Platforms |
| Tech Companies | 8 Apr 2021 | $200M | not disclosed | Sumeru Equity Partners |
| Tech Companies | 20 Apr 2021 | $173M | not disclosed | Insight Partners |
| Druva Tech Companies | 19 Apr 2021 | $147M | $2.00B | La Caisse |
| Tech Companies | 29 Apr 2021 | $130M | $1.20B | Blackstone |
| Keyfactor Tech Companies | 15 Apr 2021 | $125M | not disclosed | Insight Partners |
| Medable Tech Companies | 20 Apr 2021 | $78M | not disclosed | Sapphire Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did G42 raise in its Growth round?
G42 raised $800M in its Growth round, announced in Apr 2021.
Who led G42's Growth round?
Silver Lake led it.
What was G42's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
393 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 13 times the median.
Did G42 raise again after this round?
Yes: a Growth round in Sep 2024 of $1.50B.