Funding round
Highspot Series A
Highspot, which works in sales enablement platform development in Seattle, raised $9.6M in a Series A round announced on 7 Nov 2014, led by Madrona. 1 firm took part. It is Highspot's first venture round on record.
$9.6M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Highspot did not disclose a valuation in this round. It is Highspot's first venture round on record, 2 years after it was founded in 2012. It is 1.8% of the $533M Highspot has raised in the venture rounds on record. Highspot raised again 61 months later: a Series D round of $75M in Dec 2019. Its next priced round, a Series E in Feb 2021, valued it at $2.30B.
Highspot's funding rounds
Highspot has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Debt not a venture round 1 Jan 2013 $2.3M
- Series A this round 7 Nov 2014, led by Madrona $9.6M
- Series D 3 Dec 2019, led by ICONIQ Capital $75M
- Series E 22 Feb 2021, led by Tiger Global Management $200M$2.30B post-money
- Series F 13 Jan 2022, led by B Capital and D1 Capital Partners $248M$3.50B post-money
Investors
Who put money in
Madrona led the round.
Lead investor
- backs 142 venture-backed companies new investor
Joined the board: Tim Porter (Madrona Venture Group).
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 and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
341 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.0M, and this round was 1.6 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 13 Nov 2014 | $35M | not disclosed | Evolution Media Partners and Highland Capital Partners |
| Tech Companies | 12 Nov 2014 | $18M | not disclosed | Duchossois Capital Management and private family office |
| Tech Companies | 24 Nov 2014 | $15M | not disclosed | Goldman Sachs |
| Tech Companies | 20 Nov 2014 | $6.1M | not disclosed | SF Capital Group |
| Tech Companies | 21 Nov 2014 | $6.0M | not disclosed | Matrix Partners China |
| Tech Companies | 3 Nov 2014 | $4.7M | not disclosed | Sequoia Capital |
| Tech Companies | 6 Nov 2014 | $4.0M | not disclosed | Vocap Partners |
| Tech Companies | 12 Nov 2014 | $3.8M | not disclosed | Aligned Partners |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Highspot raise in its Series A round?
Highspot raised $9.6M in its Series A round, announced in Nov 2014.
Who led Highspot's Series A round?
Madrona led it.
What was Highspot's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
341 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $6.0M, and this round was 1.6 times the median.
Did Highspot raise again after this round?
Yes: a Series D round in Dec 2019 of $75M.