Funding round
GreyOrange Growth
Reported as "Growth Equity"
GreyOrange, which works in warehouse automation solutions development in Roswell, raised $30M in a Growth round announced on 10 Aug 2015, led by Tiger Global Management. 2 firms took part, 1 of them already investors. It is GreyOrange's first venture round on record.
$30M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
GreyOrange did not disclose a valuation in this round. It is GreyOrange's first venture round on record, 3 years after it was founded in 2012. It is 7.2% of the $415M GreyOrange has raised in the venture rounds on record. GreyOrange raised again 37 months later: a Series C round of $140M in Sep 2018.
Investors
Who put money in
Tiger Global Management led the round with 1 other firm. Blume Ventures had backed GreyOrange before.
Lead investor
- Tiger Global Management new investor
Also in the round
- backs 117 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
59 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 86% of the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 13 Aug 2015 | $123M | not disclosed | JMI Equity |
| Tech Companies | 5 Aug 2015 | $12M | not disclosed | TVC Capital |
| Tech Companies | 17 Aug 2015 | $3.9M | not disclosed | Woodman Asset Management AG |
| Thumbtack Tech Companies | 29 Sep 2015 | $125M | $1.25B | Baillie Gifford |
| Tech Companies | 28 Sep 2015 | $60M | not disclosed | Warburg Pincus |
| Tebra Tech Companies | 28 Jul 2015 | $55M | not disclosed | Montreux Growth Partners |
| Tech Companies | 30 Jul 2015 | $41M | not disclosed | Spectrum Equity |
| Tech Companies | 15 Jul 2015 | $30M | not disclosed | Sageview Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did GreyOrange raise in its Growth round?
GreyOrange raised $30M in its Growth round, announced in Aug 2015.
Who led GreyOrange's Growth round?
Tiger Global Management led it, with Blume Ventures.
What was GreyOrange's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
59 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 86% of the median.
Did GreyOrange raise again after this round?
Yes: a Series C round in Sep 2018 of $140M.