Funding round
Glean Series D
Glean, which works in AI-Powered enterprise search solutions in San Francisco, raised $200M in a Series D round announced on 26 Feb 2024, led by Kleiner Perkins and Lightspeed Venture Partners, at a $2.20B post-money valuation. 14 firms took part, 4 of them already investors. It is Glean's third venture round on record; the one before was a Series C in May 2022.
$200M
Amount raised
$2.20B
Post-money valuation
$2.00B pre-money
14
Investors
2 leads
2.2x
Step-up from the Series C
$1.00B in May 2022
9.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Glean at $2.20B after the new money, 2.2 times the $1.00B of its Series C (May 2022). The $200M bought investors about 9.1% of the company. It came 21 months after Glean's Series C. It is 28% of the $725M Glean has raised in the venture rounds on record. Glean raised again 7 months later: a Series E round of $260M in Sep 2024, at $4.60B post-money.
Glean's funding rounds
Glean has 5 venture rounds on record. This one is highlighted.
- Series A 1 Jan 2019, led by Lightspeed Venture Partners $15M
- Series C 18 May 2022, led by Sequoia Capital $100M$1.00B post-money
- Series D this round 26 Feb 2024, led by Kleiner Perkins and Lightspeed Venture Partners $200M$2.20B post-money
- Series E 10 Sep 2024, led by Altimeter and DST Global $260M$4.60B post-money
- Series F 10 Jun 2025, led by Wellington Management $150M$7.20B post-money
Investors
Who put money in
Kleiner Perkins and Lightspeed Venture Partners led the round with 12 other firms. Kleiner Perkins, Lightspeed Venture Partners, Sequoia Capital and General Catalyst had backed Glean before.
Lead investors
- Kleiner Perkins backs 285 venture-backed companies existing investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies existing investor
- Coatue backs 229 venture-backed companies new investor
- ICONIQ Growth new investor
- Institutional Venture Partners backs 109 venture-backed companies new investor
- Capital One Ventures new investor
- Citi new investor
- Databricks Ventures new investor
- Workday Ventures new investor
- General Catalyst backs 574 venture-backed companies existing investor
- backs 2 venture-backed companies new investor
- Adams Street Partners backs 61 venture-backed companies new investor
- Citigroup
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
90 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $94M, 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 |
|---|---|---|---|---|
| Tech Companies | 1 Feb 2024 | $100M | $1.70B | Presight Capital |
| Tech Companies | 21 Feb 2024 | $75M | not disclosed | Sutter Hill Ventures |
| Tech Companies | 10 Feb 2024 | $3.0M | not disclosed | Pi Labs |
| Everphone Tech Companies | 17 Jan 2024 | $294M | not disclosed | Citigroup and KfW Capital |
| Tech Companies | 23 Jan 2024 | $116M | $1.00B | Brighton Park Capital |
| Tech Companies | 17 Jan 2024 | $110M | not disclosed | RedBird Capital Partners |
| Mews Tech Companies | 4 Mar 2024 | $110M | $1.20B | Kinnevik |
| Tech Companies | 28 Mar 2024 | $100M | $750M | One Peak |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Glean raise in its Series D round?
Glean raised $200M in its Series D round, announced in Feb 2024.
Who led Glean's Series D round?
Kleiner Perkins and Lightspeed Venture Partners led it, with Sequoia Capital, Coatue, ICONIQ Growth, Institutional Venture Partners and Capital One Ventures and 7 more.
What was Glean's valuation at the Series D round?
$2.20B post-money ($2.00B pre-money).
How does it compare with other Series D rounds in Tech Companies?
90 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $94M, and this round was 2.1 times the median.
Did Glean raise again after this round?
Yes: a Series E round in Sep 2024 of $260M at $4.60B post-money.