Funding round
GreyOrange Series D
GreyOrange, which works in warehouse automation solutions development in Roswell, raised $135M in a Series D round announced on 20 Dec 2023, led by Anthelion Capital. 4 firms took part. It is GreyOrange's fourth venture round on record; the one before was a Growth in May 2022.
$135M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
GreyOrange did not disclose a valuation in this round. It came 19 months after GreyOrange's Growth. It is 33% of the $415M GreyOrange has raised in the venture rounds on record. No later venture round is on record for GreyOrange.
Investors
Who put money in
Anthelion Capital led the round with 3 other firms.
Lead investor
- new investor
Also in the round
- backs 16 venture-backed companies new investor
- 3State Ventures new investor
- backs 117 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
84 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $78M, and this round was 1.7 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 14 Dec 2023 | $16M | not disclosed | Groupe BPCE and Crédito Agrícola |
| Everphone Tech Companies | 17 Jan 2024 | $294M | not disclosed | Citigroup and KfW Capital |
| Tech Companies | 7 Nov 2023 | $120M | $1.12B | Lightspeed Venture Partners |
| Tech Companies | 23 Jan 2024 | $116M | $1.00B | Brighton Park Capital |
| Tech Companies | 17 Jan 2024 | $110M | not disclosed | RedBird Capital Partners |
| Glean Tech Companies | 26 Feb 2024 | $200M | $2.20B | Kleiner Perkins and Lightspeed Venture Partners |
| Tech Companies | 1 Feb 2024 | $100M | $1.70B | Presight Capital |
| Tech Companies | 21 Feb 2024 | $75M | not disclosed | Sutter Hill Ventures |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did GreyOrange raise in its Series D round?
GreyOrange raised $135M in its Series D round, announced in Dec 2023.
Who led GreyOrange's Series D round?
Anthelion Capital led it, with Mithril, 3State Ventures and Blume Ventures.
What was GreyOrange's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
84 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $78M, and this round was 1.7 times the median.