Funding round
Highspot Series E
Highspot, which works in sales enablement platform development in Seattle, raised $200M in a Series E round announced on 22 Feb 2021, led by Tiger Global Management, at a $2.30B post-money valuation. 8 firms took part, 6 of them already investors. It is Highspot's third venture round on record; the one before was a Series D in Dec 2019.
$200M
Amount raised
$2.30B
Post-money valuation
8
Investors
1 lead
8.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Highspot at $2.30B after the new money. The $200M bought investors about 8.7% of the company. It came 14 months after Highspot's Series D. It is 38% of the $533M Highspot has raised in the venture rounds on record. Highspot raised again 11 months later: a Series F round of $248M in Jan 2022, at $3.50B 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 3 Dec 2019, led by ICONIQ Capital $75M
- Series E this round 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
Tiger Global Management led the round with 7 other firms. ICONIQ Growth, Madrona, OpenView and Salesforce Ventures and 2 more had backed Highspot before.
Lead investor
- Tiger Global Management new investor
Also in the round
- backs 70 venture-backed companies new investor
- ICONIQ Growth existing investor
- 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
- Shasta Ventures existing investor
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
116 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $134M, and this round was 1.5 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Automattic Tech Companies | 1 Feb 2021 | $288M | $7.50B | Alta Park Capital Partners |
| Plume Tech Companies | 23 Feb 2021 | $270M | $1.35B | Insight Partners |
| Tech Companies | 4 Feb 2021 | $130M | $500M | Georgian |
| Tech Companies | 23 Feb 2021 | $105M | not disclosed | Silver Lake Waterman |
| Tech Companies | 4 Feb 2021 | $50M | not disclosed | Energize Capital and Airtree |
| Tech Companies | 26 Feb 2021 | $11M | not disclosed | Singha Ventures and Square Peg |
| Attentive Tech Companies | 9 Mar 2021 | $470M | $7.00B | not named |
| Tech Companies | 16 Mar 2021 | $300M | $1.00B | SoftBank Vision Fund and Tencent Investment |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Highspot raise in its Series E round?
Highspot raised $200M in its Series E round, announced in Feb 2021.
Who led Highspot's Series E round?
Tiger Global Management led it, with Bain Capital, ICONIQ Growth, Madrona, OpenView and Salesforce Ventures and 2 more.
What was Highspot's valuation at the Series E round?
$2.30B post-money.
How does it compare with other Series E rounds in Tech Companies?
116 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $134M, and this round was 1.5 times the median.
Did Highspot raise again after this round?
Yes: a Series F round in Jan 2022 of $248M at $3.50B post-money.