Funding round
G42 Growth
Reported as "Growth Equity"
G42, which works in AI solutions development in Abu Dhabi, raised $1.50B in a Growth round announced on 20 Sep 2024, led by Microsoft. 1 firm took part, 1 of them already investors. It is G42's second venture round on record; the one before was a Growth in Apr 2021.
$1.50B
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 came 41 months after G42's Growth. It is 65% of the $2.30B G42 has raised in the venture rounds on record. No later venture round is on record for G42.
G42's funding rounds
G42 has 2 venture rounds on record. This one is highlighted.
- Growth 14 Apr 2021, led by Silver Lake $800M
- Growth this round 20 Sep 2024, led by Microsoft $1.50B
Investors
Who put money in
Microsoft led the round. Microsoft had backed G42 before.
Lead investor
- Microsoft existing investor
Joined the board: Brad Smith (Microsoft).
Comparable rounds
How it compares
393 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 31 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| World Labs Tech Companies | 13 Sep 2024 | $230M | $1.00B | Andreessen Horowitz and New Enterprise Associates |
| Tech Companies | 20 Sep 2024 | $112M | not disclosed | not named |
| Tech Companies | 13 Sep 2024 | $111M | $1.71B | Airtree |
| Tech Companies | 23 Sep 2024 | $100M | not disclosed | Bain Capital Crypto |
| Tech Companies | 9 Sep 2024 | $63M | not disclosed | Mainsail Partners |
| Tech Companies | 26 Sep 2024 | $54M | not disclosed | Hindiana Fund |
| Tech Companies | 26 Sep 2024 | $40M | $415M | AVP |
| Tech Companies | 1 Sep 2024 | $37M | not disclosed | Invictus Growth Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did G42 raise in its Growth round?
G42 raised $1.50B in its Growth round, announced in Sep 2024.
Who led G42's Growth round?
Microsoft 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 $48M, and this round was 31 times the median.