Funding round
Kavak Series E
Kavak, which works in cloud computing and computing solutions in United States, raised $700M in a Series E round announced on 22 Sep 2021, led by General Catalyst, at a $8.70B post-money valuation. 8 firms took part. It is Kavak's fourth venture round on record; the one before was a Series D in Apr 2021.
$700M
Amount raised
$8.70B
Post-money valuation
$8.00B pre-money
8
Investors
1 lead
2.2x
Step-up from the Series D
$4.00B in Apr 2021
8.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Kavak at $8.70B after the new money, 2.2 times the $4.00B of its Series D (Apr 2021). The $700M bought investors about 8.0% of the company. It came 5 months after Kavak's Series D. It is 37% of the $1.87B Kavak has raised in the venture rounds on record. Kavak raised again 53 months later: a Series F round of $300M in Feb 2026, at $8.70B post-money.
Kavak's funding rounds
Kavak has 5 venture rounds on record. This one is highlighted.
- Seed 1 Jan 2016 $3.0M
- Series C 30 Sep 2020 $385M$1.15B post-money
- Series D 7 Apr 2021, led by D1 Capital Partners, Founders Fund and Ribbit $485M$4.00B post-money
- Series E this round 22 Sep 2021, led by General Catalyst $700M$8.70B post-money
- Series F 17 Feb 2026, led by Andreessen Horowitz and WCM Investment Management $300M$8.70B post-money
Investors
Who put money in
General Catalyst led the round with 7 other firms.
Lead investor
- General Catalyst backs 574 venture-backed companies new investor
Also in the round
- Tiger Global backs 391 venture-backed companies new investor
- Spruce House new investor
- D1 Capital new investor
- SEA new investor
- Founders Fund backs 368 venture-backed companies new investor
- Ribbit backs 126 venture-backed companies new investor
- SoftBank new 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
The closest in time: 1 in Hosting & Cloud Infrastructure Providers, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Hosting & Cloud Infrastructure Providers | 22 Sep 2021 | $70M | $800M | Cisco |
| Mirakl Tech Companies | 21 Sep 2021 | $555M | $3.50B | Silver Lake |
| SpotOn Payment Processing & Point of Sale | 13 Sep 2021 | $300M | $3.15B | Andreessen Horowitz |
| Checkr Detectives & Investigation Services | 1 Sep 2021 | $250M | $4.60B | Durable Capital Partners |
| Konfío Loans & Financing | 29 Sep 2021 | $235M | $1.30B | Tarsadia Capital and QED Investors |
| Coalition Insurance - Agents, Carriers & Brokers | 28 Sep 2021 | $205M | $3.50B | Durable Capital Partners and T. Rowe Price Associates |
| Employment Agencies & HR Consulting | 29 Sep 2021 | $200M | $1.50B | SoftBank Vision Fund and SoftBank |
| Tech Companies | 8 Sep 2021 | $200M | $2.00B | Technology Crossover Ventures |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Kavak raise in its Series E round?
Kavak raised $700M in its Series E round, announced in Sep 2021.
Who led Kavak's Series E round?
General Catalyst led it, with Tiger Global, Spruce House, D1 Capital, SEA and Founders Fund and 2 more.
What was Kavak's valuation at the Series E round?
$8.70B post-money ($8.00B pre-money).
Did Kavak raise again after this round?
Yes: a Series F round in Feb 2026 of $300M at $8.70B post-money.