Funding round
Highspot Series F
Highspot, which works in sales enablement platform development in Seattle, raised $248M in a Series F round announced on 13 Jan 2022, led by B Capital and D1 Capital Partners, at a $3.50B post-money valuation. 7 firms took part, 5 of them already investors. It is Highspot's fourth venture round on record; the one before was a Series E in Feb 2021.
$248M
Amount raised
$3.50B
Post-money valuation
7
Investors
2 leads
1.5x
Step-up from the Series E
$2.30B in Feb 2021
7.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Highspot at $3.50B after the new money, 1.5 times the $2.30B of its Series E (Feb 2021). The $248M bought investors about 7.1% of the company. It came 11 months after Highspot's Series E. It is 47% of the $533M Highspot has raised in the venture rounds on record. No later venture round is on record for Highspot.
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 22 Feb 2021, led by Tiger Global Management $200M$2.30B post-money
- Series F this round 13 Jan 2022, led by B Capital and D1 Capital Partners $248M$3.50B post-money
Investors
Who put money in
B Capital and D1 Capital Partners led the round with 5 other firms. ICONIQ Growth, Madrona, Salesforce Ventures and Sapphire Ventures and 1 more had backed Highspot before.
Lead investors
- B Capital backs 156 venture-backed companies new investor
- D1 Capital Partners new investor
Also in the round
- ICONIQ Growth existing investor
- backs 142 venture-backed companies existing investor
- Salesforce Ventures backs 314 venture-backed companies existing investor
- Sapphire Ventures backs 148 venture-backed companies existing investor
- Tiger Global Management 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
44 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was 1.5 times the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Clari Tech Companies | 19 Jan 2022 | $225M | $2.60B | Blackstone |
| Tech Companies | 18 Jan 2022 | $175M | $3.00B | Thrive Capital and Tiger Global |
| Tech Companies | 13 Dec 2021 | $735M | $11.00B | XN |
| Cockroach Labs Tech Companies | 16 Dec 2021 | $278M | $5.00B | Greenoaks |
| Bloomreach Tech Companies | 23 Feb 2022 | $175M | $2.20B | Goldman Sachs Asset Management and Goldman Sachs |
| Tech Companies | 16 Dec 2021 | $170M | $2.20B | ICONIQ Capital |
| Tech Companies | 1 Dec 2021 | $150M | not disclosed | not named |
| Tech Companies | 14 Dec 2021 | $63M | not disclosed | not named |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Highspot raise in its Series F round?
Highspot raised $248M in its Series F round, announced in Jan 2022.
Who led Highspot's Series F round?
B Capital and D1 Capital Partners led it, with ICONIQ Growth, Madrona, Salesforce Ventures, Sapphire Ventures and Tiger Global Management.
What was Highspot's valuation at the Series F round?
$3.50B post-money.
How does it compare with other Series F rounds in Tech Companies?
44 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was 1.5 times the median.