Funding round
Helion Series D
Helion, which works in fusion energy research and development in Everett, raised $40M in a Series D round announced on 22 Sep 2020, led by Dustin Moskovitz, at a $1.25B post-money valuation. 15 firms took part. It is Helion's second venture round on record; the one before was a Seed in Jan 2014.
$40M
Amount raised
$1.25B
Post-money valuation
$1.21B pre-money
15
Investors
1 lead
3.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Helion at $1.25B after the new money. The $40M bought investors about 3.2% of the company. It came 80 months after Helion's Seed. It is 2.7% of the $1.47B Helion has raised in the venture rounds on record. Helion raised again 14 months later: a Series E round of $500M in Nov 2021, at $3.00B post-money.
Helion's funding rounds
Helion has 6 venture rounds on record. This one is highlighted.
Investors
Who put money in
Dustin Moskovitz led the round with 14 other firms.
Lead investor
- Dustin Moskovitz
Also in the round
- American Express Ventures new investor
- backs 32 venture-backed companies new investor
- backs 49 venture-backed companies new investor
- backs 65 venture-backed companies new investor
- Greylock Partners backs 190 venture-backed companies new investor
- backs 14 venture-backed companies new investor
- Jude Gomila Rolling Fund new investor
- Kaan Ventures new investor
- backs 55 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- backs 19 venture-backed companies new investor
- backs 25 venture-backed companies new investor
- backs 28 venture-backed companies new investor
- backs 50 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Insurance - Agents, Carriers & Brokers | 23 Sep 2020 | $250M | $2.00B | CapitalG |
| Attentive Tech Companies | 23 Sep 2020 | $230M | $2.20B | Coatue |
| Snyk Tech Companies | 9 Sep 2020 | $200M | $2.60B | Addition |
| Tech Companies | 14 Sep 2020 | $185M | $2.58B | Thrive Capital |
| Biotechnology | 24 Sep 2020 | $142M | not disclosed | CMB International Capital Corporation |
| Tonal Fitness Equipment | 17 Sep 2020 | $110M | not disclosed | L Catterton |
| Tech Companies | 30 Sep 2020 | $102M | not disclosed | not named |
| Decorators & Interior Designers | 3 Sep 2020 | $90M | not disclosed | Kharis Capital and Venturi |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Helion raise in its Series D round?
Helion raised $40M in its Series D round, announced in Sep 2020.
Who led Helion's Series D round?
Dustin Moskovitz led it, with American Express Ventures, Buckley Ventures, Celesta Capital, Electric Capital and Greylock Partners and 9 more.
What was Helion's valuation at the Series D round?
$1.25B post-money ($1.21B pre-money).
Did Helion raise again after this round?
Yes: a Series E round in Nov 2021 of $500M at $3.00B post-money.