Funding round
Kiteworks Series C
Kiteworks, which works in private data exchange platform deployment in San Mateo, raised $12M in a Series C round announced on 4 Jan 2012. 1 firm took part. It is Kiteworks' first venture round on record.
$12M
Amount raised
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Kiteworks did not disclose a valuation in this round. It is Kiteworks' first venture round on record, 13 years after it was founded in 1999. It is 2.6% of the $468M Kiteworks has raised in the venture rounds on record. Kiteworks raised again 151 months later: a Growth round of $456M in Aug 2024, at $1.00B post-money.
Kiteworks' funding rounds
Kiteworks has 2 venture rounds on record. This one is highlighted.
- Series C this round 4 Jan 2012 $12M
- Growth 14 Aug 2024 $456M$1.00B post-money
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- Riverwood Capital new investor
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
44 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $17M, and this round was 73% of the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 17 Jan 2012 | $20M | not disclosed | Kleiner Perkins |
| Tech Companies | 23 Jan 2012 | $15M | not disclosed | Baseline Ventures |
| Tech Companies | 26 Jan 2012 | $3.0M | not disclosed | not named |
| Tech Companies | 5 Dec 2011 | $34M | not disclosed | Andreessen Horowitz |
| Tech Companies | 2 Feb 2012 | $11M | not disclosed | PJC |
| Tech Companies | 10 Feb 2012 | $500K | not disclosed | not named |
| Tech Companies | 7 Nov 2011 | $15M | not disclosed | Verizon and Salesforce Ventures |
| Tech Companies | 8 Mar 2012 | $15M | not disclosed | StarVest Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Kiteworks raise in its Series C round?
Kiteworks raised $12M in its Series C round, announced in Jan 2012.
Which investors took part in Kiteworks' Series C round?
Riverwood Capital.
What was Kiteworks' valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
44 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $17M, and this round was 73% of the median.
Did Kiteworks raise again after this round?
Yes: a Growth round in Aug 2024 of $456M at $1.00B post-money.