Funding round
insightsoftware Growth
Reported as "Growth Equity"
insightsoftware, which works in financial reporting solutions development in Raleigh, raised $1.00B in a Growth round announced on 13 Jul 2021, led by Hg and TA Associates, at a $4.00B post-money valuation. 4 firms took part, 3 of them already investors.
$1.00B
Amount raised
$4.00B
Post-money valuation
$3.00B pre-money
4
Investors
2 leads
25%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced insightsoftware at $4.00B after the new money. The $1.00B bought investors about 25% of the company. It is insightsoftware's first venture round on record, 3 years after it was founded in 2018. No later venture round is on record for insightsoftware.
insightsoftware's funding rounds
This is the only venture round on record for insightsoftware.
- Growth this round 13 Jul 2021, led by Hg and TA Associates $1.00B$4.00B post-money
Investors
Who put money in
Hg and TA Associates led the round with 2 other firms. TA Associates, Genstar Capital and ST6 had backed insightsoftware before.
Lead investors
- backs 10 venture-backed companies new investor
- backs 24 venture-backed companies existing investor
Also in the round
- backs 3 venture-backed companies existing investor
- ST6 existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
409 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 17 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Yanolja Tech Companies | 15 Jul 2021 | $1.70B | $9.00B | SoftBank Vision Fund |
| Availity Tech Companies | 1 Jul 2021 | $452M | not disclosed | Francisco Partners |
| Age of Learning Tech Companies | 1 Jul 2021 | $300M | $3.00B | TPG |
| Netskope Tech Companies | 9 Jul 2021 | $300M | $7.50B | ICONIQ Growth |
| Tech Companies | 20 Jul 2021 | $235M | not disclosed | General Atlantic |
| C4 Tech Companies | 29 Jul 2021 | $215M | $2.30B | Summit Partners |
| Orca Security Tech Companies | 4 Jul 2021 | $150M | $1.75B | not named |
| Tech Companies | 7 Jul 2021 | $100M | not disclosed | not named |
Sources
Where this comes from
Reported by 7 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did insightsoftware raise in its Growth round?
insightsoftware raised $1.00B in its Growth round, announced in Jul 2021.
Who led insightsoftware's Growth round?
Hg and TA Associates led it, with Genstar Capital and ST6.
What was insightsoftware's valuation at the Growth round?
$4.00B post-money ($3.00B pre-money).
How does it compare with other Growth rounds in Tech Companies?
409 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 17 times the median.