Funding round
Katerra Series D
Katerra, which works in sustainable building materials manufacturing in Menlo Park, raised $865M in a Series D round announced on 24 Jan 2018, led by SoftBank Vision Fund, at a $3.00B post-money valuation. 11 firms took part. It is Katerra's second venture round on record; the one before was a Series C in Apr 2017.
$865M
Amount raised
$3.00B
Post-money valuation
$2.13B pre-money
11
Investors
1 lead
3.0x
Step-up from the Series C
$1.00B in Apr 2017
29%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Katerra at $3.00B after the new money, 3.0 times the $1.00B of its Series C (Apr 2017). The $865M bought investors about 29% of the company. It came 9 months after Katerra's Series C. It is 87% of the $995M Katerra has raised in the venture rounds on record. No later venture round is on record for Katerra.
Katerra's funding rounds
Katerra has 2 venture rounds on record. This one is highlighted.
- Series C 13 Apr 2017, led by Greenoaks $130M$1.00B post-money
- Series D this round 24 Jan 2018, led by SoftBank Vision Fund $865M$3.00B post-money
Investors
Who put money in
SoftBank Vision Fund led the round with 10 other firms.
Lead investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Also in the round
- Canada Pension Plan Investment Board new investor
- Soros Fund Management new investor
- new investor
- backs 28 venture-backed companies new investor
- DivcoWest new investor
- Foxconn new investor
- Greenoaks backs 77 venture-backed companies new investor
- DFJ Growth backs 51 venture-backed companies new investor
- Khosla Ventures backs 396 venture-backed companies new investor
- SoftBank
Joined the board: Jeffrey Housenbold (SoftBank Investment Advisers).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chemicals | 22 Jan 2018 | $123M | not disclosed | Baillie Gifford |
| Real Estate Rental | 1 Jan 2018 | $86M | not disclosed | not named |
| Loans & Financing | 23 Jan 2018 | $70M | not disclosed | ORIX Asia Capital Limited |
| Pharmaceutical Products | 2 Jan 2018 | $67M | not disclosed | New Enterprise Associates |
| Loans & Financing | 9 Jan 2018 | $65M | $300M | Vitruvian Partners |
| Biotechnology | 22 Jan 2018 | $60M | not disclosed | Acorn Pacific Ventures |
| Collibra Tech Companies | 8 Jan 2018 | $58M | not disclosed | ICONIQ Capital and Battery Ventures |
| Batteries | 1 Jan 2018 | $55M | not disclosed | Helios Investment Partners |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Katerra raise in its Series D round?
Katerra raised $865M in its Series D round, announced in Jan 2018.
Who led Katerra's Series D round?
SoftBank Vision Fund led it, with Canada Pension Plan Investment Board, Soros Fund Management, Tavistock Group, Navitas Capital and DivcoWest and 5 more.
What was Katerra's valuation at the Series D round?
$3.00B post-money ($2.13B pre-money).