Funding round
Guild Series D
Guild, which works in education benefits management services in Denver, raised $157M in a Series D round announced on 13 Nov 2019, led by General Catalyst, at a $1.00B post-money valuation. 12 firms took part, 9 of them already investors. It is Guild's fourth venture round on record; the one before was a Series C in Jul 2018.
$157M
Amount raised
$1.00B
Post-money valuation
12
Investors
1 lead
16%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Guild at $1.00B after the new money. The $157M bought investors about 16% of the company. It came 16 months after Guild's Series C. It is 28% of the $552M Guild has raised in the venture rounds on record. Guild raised again 19 months later: a Series E round of $150M in Jun 2021, at $3.75B 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 25 Jul 2018, led by Felicis $40M
- Series D this round 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
General Catalyst led the round with 11 other firms. General Catalyst, Workday Ventures, Salesforce Ventures and Next Play Capital and 5 more had backed Guild before.
Lead investor
- General Catalyst backs 574 venture-backed companies existing investor
Also in the round
- Emerson Collective backs 76 venture-backed companies new investor
- Iconiq Capital new investor
- Lead Edge Capital new investor
- Workday Ventures existing investor
- Salesforce Ventures backs 314 venture-backed companies existing investor
- Next Play Capital existing investor
- Silicon Valley Bank existing investor
- Felicis backs 237 venture-backed companies existing investor
- Bessemer Venture Partners backs 412 venture-backed companies existing investor
- Redpoint Ventures backs 194 venture-backed companies existing investor
- backs 33 venture-backed companies existing investor
Joined the board: Ken Chenault (General Catalyst).
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, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Professional & Management Training, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Emeritus Professional & Management Training | 31 Aug 2020 | $113M | $800M | Leeds Illuminate and Prosus Ventures |
| Professional & Management Training | 10 Aug 2020 | $66M | not disclosed | OMERS Growth Equity |
| Tech Companies | 13 Nov 2019 | $400M | $2.75B | Generation Investment Management and T. Rowe Price Associates, Inc. |
| Electronical Components Manufacturing | 20 Nov 2019 | $109M | not disclosed | Koch Disruptive Technologies |
| Insurance - Agents, Carriers & Brokers | 25 Nov 2019 | $66M | not disclosed | Debeka |
| WHOOP Medical Supply Manufacturers | 12 Nov 2019 | $55M | not disclosed | Foundry |
| Tech Companies | 12 Nov 2019 | $50M | not disclosed | Sequoia Capital and Clearvision Ventures |
| Tech Companies | 13 Nov 2019 | $35M | not disclosed | Bessemer Venture Partners |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Guild raise in its Series D round?
Guild raised $157M in its Series D round, announced in Nov 2019.
Who led Guild's Series D round?
General Catalyst led it, with Emerson Collective, Iconiq Capital, Lead Edge Capital, Workday Ventures and Salesforce Ventures and 6 more.
What was Guild's valuation at the Series D round?
$1.00B post-money.
Did Guild raise again after this round?
Yes: a Series E round in Jun 2021 of $150M at $3.75B post-money.