Funding round
Intellistack Growth
Reported as "Growth Equity"
Intellistack, which works in digital workflow automation solutions in Denver, raised $425M in a Growth round announced on 18 Nov 2021.
$425M
Amount raised
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Intellistack did not disclose a valuation in this round. It is Intellistack's first venture round on record, 15 years after it was founded in 2006. No later venture round is on record for Intellistack.
Intellistack's funding rounds
This is the only venture round on record for Intellistack.
- Growth this round 18 Nov 2021 $425M
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
432 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $57M, and this round was 7.5 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dream Sports Tech Companies | 24 Nov 2021 | $840M | $8.00B | Falcon Edge and DST Global |
| Formstack Tech Companies | 18 Nov 2021 | $425M | not disclosed | Silversmith Capital Partners and PSG |
| Tech Companies | 23 Nov 2021 | $350M | not disclosed | K1 Investment Management |
| Armis Tech Companies | 29 Nov 2021 | $300M | $3.40B | One Equity Partners |
| Tech Companies | 25 Nov 2021 | $300M | $5.00B | Insight Partners |
| Tech Companies | 10 Nov 2021 | $240M | $1.00B | not named |
| Tech Companies | 3 Nov 2021 | $234M | not disclosed | SoftBank Corp. |
| Consensys Tech Companies | 17 Nov 2021 | $200M | $3.20B | Marshall Wace and Third Point |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Intellistack raise in its Growth round?
Intellistack raised $425M in its Growth round, announced in Nov 2021.
What was Intellistack's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
432 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $57M, and this round was 7.5 times the median.