Funding round
HighRadius Series B
HighRadius, which works in AI-Powered financial software solutions in Houston, raised $125M in a Series B round announced on 7 Jan 2020, led by ICONIQ Capital, at a $1.00B post-money valuation. 3 firms took part, 2 of them already investors. It is HighRadius' second venture round on record; the one before was a Growth in Sep 2017.
$125M
Amount raised
$1.00B
Post-money valuation
3
Investors
1 lead
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced HighRadius at $1.00B after the new money. The $125M bought investors about 13% of the company. It came 28 months after HighRadius' Growth. It is 26% of the $475M HighRadius has raised in the venture rounds on record. HighRadius raised again 14 months later: a Series C round of $300M in Mar 2021, at $3.10B post-money.
HighRadius' funding rounds
HighRadius has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
ICONIQ Capital led the round with 2 other firms. Susquehanna Growth Equity and Citi Ventures had backed HighRadius before.
Lead investor
- ICONIQ Capital new investor
Also in the round
- backs 46 venture-backed companies existing investor
- Citi Ventures existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
558 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $23M, and this round was 5.4 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 13 Jan 2020 | $150M | not disclosed | Declaration Partners |
| Tech Companies | 1 Jan 2020 | $125M | $415M | March Capital |
| Tech Companies | 28 Jan 2020 | $100M | not disclosed | Susquehanna Growth Equity |
| Tech Companies | 20 Jan 2020 | $60M | not disclosed | Atomico |
| Tech Companies | 1 Jan 2020 | $50M | $255M | not named |
| Tech Companies | 30 Jan 2020 | $50M | not disclosed | General Catalyst |
| Tech Companies | 17 Jan 2020 | $47M | not disclosed | Eight Roads and F-Prime Capital |
| Tech Companies | 15 Jan 2020 | $45M | $350M | Sequoia Capital |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did HighRadius raise in its Series B round?
HighRadius raised $125M in its Series B round, announced in Jan 2020.
Who led HighRadius' Series B round?
ICONIQ Capital led it, with Susquehanna Growth Equity and Citi Ventures.
What was HighRadius' valuation at the Series B round?
$1.00B post-money.
How does it compare with other Series B rounds in Tech Companies?
558 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $23M, and this round was 5.4 times the median.
Did HighRadius raise again after this round?
Yes: a Series C round in Mar 2021 of $300M at $3.10B post-money.