Funding round
Groq Series C
Groq, which works in AI accelerator hardware development in San Jose, raised $300M in a Series C round announced on 14 Apr 2021, led by Tiger Global and D1 Capital Partners, at a $1.00B post-money valuation. 13 firms took part. It is Groq's fourth venture round on record; the one before was a Series B in Sep 2018.
$300M
Amount raised
$1.00B
Post-money valuation
$700M pre-money
13
Investors
2 leads
30%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Groq at $1.00B after the new money. The $300M bought investors about 30% of the company. It came 31 months after Groq's Series B. It is 12% of the $2.41B Groq has raised in the venture rounds on record. Groq raised again 40 months later: a Series D round of $640M in Aug 2024, at $2.80B post-money.
Groq's funding rounds
Groq has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 1 Apr 2017, led by Social Capital $10M
- Series A 20 Apr 2017, led by Social Capital $10M
- Series B 4 Sep 2018, led by Social Capital $52M
- Series C this round 14 Apr 2021, led by Tiger Global and D1 Capital Partners $300M$1.00B post-money
- Series D 5 Aug 2024, led by BlackRock Private Equity Partners and BlackRock $640M$2.80B post-money
- Growth 17 Sep 2025, led by Disruptive $750M$6.90B post-money
- Acquisition not a venture round 1 Dec 2025 $20.00B$20.00B post-money
- Growth 22 Jun 2026, led by Disruptive and Infinitum $650M
Investors
Who put money in
Tiger Global and D1 Capital Partners led the round with 11 other firms.
Lead investors
- Tiger Global backs 391 venture-backed companies new investor
- D1 Capital Partners new investor
Also in the round
- The Spruce House Partnership new investor
- Addition new investor
- GCM Grosvenor new investor
- XN new investor
- backs 31 venture-backed companies new investor
- backs 5 venture-backed companies new investor
- Tru Arrow Partners new investor
- backs 28 venture-backed companies new investor
- XTX Ventures new investor
- backs 7 venture-backed companies new investor
- backs 4 venture-backed companies new investor
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
22 Series C rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $45M, and this round was 6.7 times the median. The closest in time, other companies' Series C rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 31 Mar 2021 | $200M | $1.80B | Fidelity |
| Electronical Components Manufacturing | 11 May 2021 | $70M | not disclosed | BlackRock and Hewlett Packard Enterprise |
| Electronical Components Manufacturing | 11 Feb 2021 | $50M | not disclosed | Tracker Capital |
| Electronical Components Manufacturing | 30 Jun 2021 | $19M | not disclosed | Sumitomo Chemical Co. Ltd and Mitsubishi Corporation |
| Electronical Components Manufacturing | 15 Dec 2020 | $45M | not disclosed | Sensata Technologies |
| Electronical Components Manufacturing | 1 Aug 2021 | $35M | not disclosed | not named |
| Electronical Components Manufacturing | 1 Aug 2021 | $16M | not disclosed | not named |
| Electronical Components Manufacturing | 13 Aug 2021 | undisclosed | not disclosed | 矽芯股权基金 |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Groq raise in its Series C round?
Groq raised $300M in its Series C round, announced in Apr 2021.
Who led Groq's Series C round?
Tiger Global and D1 Capital Partners led it, with The Spruce House Partnership, Addition, GCM Grosvenor, XN and Firebolt Ventures and 6 more.
What was Groq's valuation at the Series C round?
$1.00B post-money ($700M pre-money).
How does it compare with other Series C rounds in Electronical Components Manufacturing?
22 Series C rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $45M, and this round was 6.7 times the median.
Did Groq raise again after this round?
Yes: a Series D round in Aug 2024 of $640M at $2.80B post-money.