Funding round
General Assembly Series D
General Assembly, which works in tech skills training services in New York, raised $70M in a Series D round announced on 30 Sep 2015, led by Advance Publications and Wellington Capital Management LLP. 7 firms took part, 4 of them already investors. It is General Assembly's first venture round on record.
$70M
Amount raised
Not disclosed
Post-money valuation
7
Investors
2 leads
Valuation
What this round says about the price
General Assembly did not disclose a valuation in this round. It is General Assembly's first venture round on record, 4 years after it was founded in 2011. It is 14% of the $483M General Assembly has raised in the venture rounds on record. General Assembly raised again 31 months later: a Growth round of $413M in Apr 2018.
General Assembly's funding rounds
General Assembly has 2 venture rounds on record. This one is highlighted.
- Series D this round 30 Sep 2015, led by Advance Publications and Wellington Capital Management LLP $70M
- Growth 1 Apr 2018 $413M
Investors
Who put money in
Advance Publications and Wellington Capital Management LLP led the round with 5 other firms. Institutional Venture Partners, Learn Capital, Maveron and Western Technology Investment had backed General Assembly before.
Lead investors
- Advance Publications new investor
- Wellington Capital Management LLP new investor
Also in the round
- Institutional Venture Partners backs 109 venture-backed companies existing investor
- backs 39 venture-backed companies existing investor
- backs 77 venture-backed companies existing investor
- backs 42 venture-backed companies new investor
- backs 83 venture-backed companies existing investor
Joined the board: Steve Newhouse.
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
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Netskope Tech Companies | 3 Sep 2015 | $75M | not disclosed | Iconiq Capital |
| Snack Foods | 17 Sep 2015 | $47M | not disclosed | FreeS Fund |
| Electronical Components Manufacturing | 14 Sep 2015 | $35M | not disclosed | Tyche Partners |
| Batteries | 9 Sep 2015 | $25M | not disclosed | I2BF Global Ventures and Russia-Kazakhstan Nanotechnology Fund |
| Tech Companies | 30 Sep 2015 | $21M | not disclosed | MemorialCare Innovation Fund |
| Warehousing & Storage | 28 Sep 2015 | $15M | $60M | Creation Investments |
| Dr. Tyler Austin Podiatrists | 20 Aug 2015 | $130M | $1.80B | Atomico and Baillie Gifford |
| Impossible Foods Food Production | 6 Oct 2015 | $108M | not disclosed | UBS |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did General Assembly raise in its Series D round?
General Assembly raised $70M in its Series D round, announced in Sep 2015.
Who led General Assembly's Series D round?
Advance Publications and Wellington Capital Management LLP led it, with Institutional Venture Partners, Learn Capital, Maveron, Rethink Capital Partners and Western Technology Investment.
What was General Assembly's valuation at the Series D round?
It was not disclosed.
Did General Assembly raise again after this round?
Yes: a Growth round in Apr 2018 of $413M.