Funding round
HighRadius Growth
Reported as "Growth Equity"
HighRadius, which works in AI-Powered financial software solutions in Houston, raised $50M in a Growth round announced on 15 Sep 2017, led by Susquehanna Growth Equity. 1 firm took part. It is HighRadius' first venture round on record.
$50M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
HighRadius did not disclose a valuation in this round. It is HighRadius' first venture round on record, 11 years after it was founded in 2006. It is 11% of the $475M HighRadius has raised in the venture rounds on record. HighRadius raised again 28 months later: a Series B round of $125M in Jan 2020, at $1.00B post-money.
HighRadius' funding rounds
HighRadius has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Susquehanna Growth Equity led the round.
Lead investor
- backs 46 venture-backed companies new investor
Joined the board: Amir Goldman (Susquehanna Growth Equity) and Ben Weinberg (Susquehanna Growth Equity).
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
129 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $43M, and this round was 1.2 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 20 Sep 2017 | $200M | not disclosed | K1 Investment Management |
| Tech Companies | 27 Sep 2017 | $75M | $160M | Sageview Capital and Leaders Fund |
| Tech Companies | 6 Sep 2017 | $59M | not disclosed | Silversmith Capital Partners |
| Tech Companies | 13 Sep 2017 | $48M | not disclosed | Invus |
| Tech Companies | 28 Sep 2017 | $44M | not disclosed | not named |
| Tech Companies | 1 Sep 2017 | $30M | not disclosed | not named |
| Tech Companies | 26 Sep 2017 | $7.1M | not disclosed | not named |
| Tech Companies | 27 Sep 2017 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did HighRadius raise in its Growth round?
HighRadius raised $50M in its Growth round, announced in Sep 2017.
Who led HighRadius' Growth round?
Susquehanna Growth Equity led it.
What was HighRadius' valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
129 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $43M, and this round was 1.2 times the median.
Did HighRadius raise again after this round?
Yes: a Series B round in Jan 2020 of $125M at $1.00B post-money.