Funding round
Groq Series D
Groq, which works in AI accelerator hardware development in San Jose, raised $640M in a Series D round announced on 5 Aug 2024, led by BlackRock Private Equity Partners and BlackRock, at a $2.80B post-money valuation. 7 firms took part. It is Groq's fifth venture round on record; the one before was a Series C in Apr 2021.
$640M
Amount raised
$2.80B
Post-money valuation
$2.16B pre-money
7
Investors
2 leads
2.8x
Step-up from the Series C
$1.00B in Apr 2021
23%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Groq at $2.80B after the new money, 2.8 times the $1.00B of its Series C (Apr 2021). The $640M bought investors about 23% of the company. It came 40 months after Groq's Series C. It is 27% of the $2.41B Groq has raised in the venture rounds on record. Groq raised again 13 months later: a Growth round of $750M in Sep 2025, at $6.90B 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 14 Apr 2021, led by Tiger Global and D1 Capital Partners $300M$1.00B post-money
- Series D this round 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
BlackRock Private Equity Partners and BlackRock led the round with 5 other firms.
Lead investors
- BlackRock Private Equity Partners new investor
- BlackRock
Also in the round
- backs 80 venture-backed companies new investor
- backs 32 venture-backed companies new investor
- Neuberger Berman new investor
- backs 17 venture-backed companies new investor
- backs 116 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
12 Series D rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $69M, and this round was 9.3 times the median. The closest in time, other companies' Series D rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Lightmatter Electronical Components Manufacturing | 16 Oct 2024 | $400M | $4.40B | T. Rowe Price |
| Electronical Components Manufacturing | 19 Nov 2024 | $60M | not disclosed | Virala Group |
| Ayar Labs Electronical Components Manufacturing | 11 Dec 2024 | $155M | $1.00B | Advent International and Light Street Capital |
| Electronical Components Manufacturing | 3 Dec 2024 | $35M | not disclosed | Decarbonization Partners |
| Electronical Components Manufacturing | 1 Feb 2024 | $91M | not disclosed | not named |
| Electronical Components Manufacturing | 21 Feb 2024 | $50M | not disclosed | ACME Capital |
| Electronical Components Manufacturing | 31 Mar 2025 | $75M | not disclosed | Spark Capital |
| Electronical Components Manufacturing | 3 Mar 2025 | $40M | not disclosed | Sutter Hill Ventures |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Groq raise in its Series D round?
Groq raised $640M in its Series D round, announced in Aug 2024.
Who led Groq's Series D round?
BlackRock Private Equity Partners and BlackRock led it, with Cisco Investments, Samsung Catalyst Fund, Neuberger Berman, Type One Ventures and Global Brain.
What was Groq's valuation at the Series D round?
$2.80B post-money ($2.16B pre-money).
How does it compare with other Series D rounds in Electronical Components Manufacturing?
12 Series D rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $69M, and this round was 9.3 times the median.
Did Groq raise again after this round?
Yes: a Growth round in Sep 2025 of $750M at $6.90B post-money.