Funding round
HighRadius Series C
HighRadius, which works in AI-Powered financial software solutions in Houston, raised $300M in a Series C round announced on 30 Mar 2021, led by D1 Capital Partners and Tiger Global Management, at a $3.10B post-money valuation. 4 firms took part. It is HighRadius' third venture round on record; the one before was a Series B in Jan 2020.
$300M
Amount raised
$3.10B
Post-money valuation
4
Investors
2 leads
3.1x
Step-up from the Series B
$1.00B in Jan 2020
9.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced HighRadius at $3.10B after the new money, 3.1 times the $1.00B of its Series B (Jan 2020). The $300M bought investors about 9.7% of the company. It came 14 months after HighRadius' Series B. It is 63% of the $475M HighRadius has raised in the venture rounds on record. No later venture round is on record for HighRadius.
HighRadius' funding rounds
HighRadius has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
D1 Capital Partners and Tiger Global Management led the round with 2 other firms.
Lead investors
- D1 Capital Partners new investor
- Tiger Global Management new investor
Also in the round
- ICONIQ Growth new investor
- backs 46 venture-backed companies new investor
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
467 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 5.0 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| RingCentral Tech Companies | 4 Mar 2021 | $400M | $5.65B | Andreessen Horowitz and General Catalyst |
| Dutchie Tech Companies | 16 Mar 2021 | $200M | $1.70B | Tiger Global |
| Tech Companies | 25 Mar 2021 | $200M | not disclosed | KKR and Yuan Jing Capital |
| Tech Companies | 16 Mar 2021 | $150M | $1.60B | ICONIQ Growth |
| Tech Companies | 9 Mar 2021 | $125M | not disclosed | KKR and Casdin Capital |
| Tech Companies | 16 Mar 2021 | $115M | not disclosed | Insight Partners |
| Tech Companies | 10 Mar 2021 | $107M | not disclosed | Bessemer Venture Partners and Insight Partners |
| Tech Companies | 30 Mar 2021 | $101M | not disclosed | General Catalyst |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did HighRadius raise in its Series C round?
HighRadius raised $300M in its Series C round, announced in Mar 2021.
Who led HighRadius' Series C round?
D1 Capital Partners and Tiger Global Management led it, with ICONIQ Growth and Susquehanna Growth Equity.
What was HighRadius' valuation at the Series C round?
$3.10B post-money.
How does it compare with other Series C rounds in Tech Companies?
467 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 5.0 times the median.