Funding round
Highspot Series D
Highspot, which works in sales enablement platform development in Seattle, raised $75M in a Series D round announced on 3 Dec 2019, led by ICONIQ Capital. 5 firms took part, 4 of them already investors. It is Highspot's second venture round on record; the one before was a Series A in Nov 2014.
$75M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Highspot did not disclose a valuation in this round. It came 61 months after Highspot's Series A. It is 14% of the $533M Highspot has raised in the venture rounds on record. Highspot raised again 14 months later: a Series E round of $200M in Feb 2021, at $2.30B post-money.
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 7 Nov 2014, led by Madrona $9.6M
- Series D this round 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
ICONIQ Capital led the round with 4 other firms. Madrona, OpenView, Salesforce Ventures and Sapphire Ventures had backed Highspot before.
Lead investor
- ICONIQ Capital new investor
Also in the round
- backs 142 venture-backed companies existing investor
- backs 44 venture-backed companies existing investor
- Salesforce Ventures backs 314 venture-backed companies existing investor
- Sapphire Ventures backs 148 venture-backed companies existing 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
116 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $52M, and this round was 1.4 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 10 Dec 2019 | $65M | not disclosed | not named |
| Tech Companies | 10 Dec 2019 | $60M | not disclosed | Viking Global |
| Tech Companies | 10 Dec 2019 | $40M | not disclosed | Iconiq Capital |
| Tech Companies | 12 Dec 2019 | $35M | not disclosed | Avathon Capital |
| Tech Companies | 13 Nov 2019 | $400M | $2.75B | Generation Investment Management and T. Rowe Price Associates, Inc. |
| Tech Companies | 12 Nov 2019 | $50M | not disclosed | Sequoia Capital and Clearvision Ventures |
| Tech Companies | 29 Jan 2020 | $50M | not disclosed | Eminence Capital, LP |
| Tech Companies | 8 Jan 2020 | $42M | not disclosed | Venrock and Highland Capital Partners |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Highspot raise in its Series D round?
Highspot raised $75M in its Series D round, announced in Dec 2019.
Who led Highspot's Series D round?
ICONIQ Capital led it, with Madrona, OpenView, Salesforce Ventures and Sapphire Ventures.
What was Highspot's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
116 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $52M, and this round was 1.4 times the median.
Did Highspot raise again after this round?
Yes: a Series E round in Feb 2021 of $200M at $2.30B post-money.