Funding round
Guild Series C
Guild, which works in education benefits management services in Denver, raised $40M in a Series C round announced on 25 Jul 2018, led by Felicis. 9 firms took part. It is Guild's third venture round on record; the one before was a Series B in Sep 2017.
$40M
Amount raised
Not disclosed
Post-money valuation
9
Investors
1 lead
Valuation
What this round says about the price
Guild did not disclose a valuation in this round. It came 10 months after Guild's Series B. It is 7.3% of the $552M Guild has raised in the venture rounds on record. Guild raised again 16 months later: a Series D round of $157M in Nov 2019, at $1.00B post-money.
Guild's funding rounds
Guild has 6 venture rounds on record. This one is highlighted.
- Series A 16 Sep 2016, led by Redpoint Ventures $8.5M
- Series B 6 Sep 2017, led by Bessemer Venture Partners $21M
- Series C this round 25 Jul 2018, led by Felicis $40M
- Series D 13 Nov 2019, led by General Catalyst $157M$1.00B post-money
- Series E 2 Jun 2021, led by General Catalyst $150M$3.75B post-money
- Series F 9 Jun 2022, led by Wellington Management $175M$4.40B post-money
Investors
Who put money in
Felicis led the round with 8 other firms.
Lead investor
- Felicis backs 237 venture-backed companies new investor
Also in the round
- backs 38 venture-backed companies new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
- Silicon Valley Bank new investor
- Workday Ventures new investor
- Bessemer Venture Partners backs 412 venture-backed companies new investor
- Redpoint Ventures backs 194 venture-backed companies new investor
- backs 33 venture-backed companies new investor
- backs 46 venture-backed companies new investor
Joined the board: Wesley Chan (Felicis Ventures).
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
6 Series C rounds in Professional & Management Training within a year either side disclosed an amount; the median was $34M, and this round was 1.2 times the median. The closest in time, other companies' Series C rounds in Professional & Management Training:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Professional & Management Training | 24 Jul 2018 | $28M | not disclosed | Union Square Ventures |
| Professional & Management Training | 2 Oct 2018 | $18M | not disclosed | ABS Capital |
| Professional & Management Training | 6 Mar 2018 | $42M | not disclosed | Owl Ventures and Jump Capital |
| Emeritus Professional & Management Training | 10 Jan 2019 | $40M | not disclosed | Sequoia India |
| Professional & Management Training | 15 Jan 2019 | $20M | not disclosed | Jump Capital and Owl Ventures |
| BetterUp Professional & Management Training | 12 Jun 2019 | $103M | not disclosed | Lightspeed Venture Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Guild raise in its Series C round?
Guild raised $40M in its Series C round, announced in Jul 2018.
Who led Guild's Series C round?
Felicis led it, with Rethink Impact, Salesforce Ventures, Silicon Valley Bank, Workday Ventures and Bessemer Venture Partners and 3 more.
What was Guild's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Professional & Management Training?
6 Series C rounds in Professional & Management Training within a year either side disclosed an amount; the median was $34M, and this round was 1.2 times the median.
Did Guild raise again after this round?
Yes: a Series D round in Nov 2019 of $157M at $1.00B post-money.