Funding round
LeafLink Series C
LeafLink, which works in cannabis commerce platform development in Denver, raised $40M in a Series C round announced on 10 Dec 2020, led by Founders Fund, at a $376M post-money valuation. 4 firms took part. It is LeafLink's fourth venture round on record; the one before was a Series B in Aug 2019.
$40M
Amount raised
$376M
Post-money valuation
4
Investors
1 lead
11%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced LeafLink at $376M after the new money. The $40M bought investors about 11% of the company. It came 16 months after LeafLink's Series B. It is 21% of the $188M LeafLink has raised in the venture rounds on record. LeafLink raised again 26 months later: a Series D round of $100M in Feb 2023, at $500M post-money.
LeafLink's funding rounds
LeafLink has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 3 Apr 2017, led by Lerer Hippeau $3.0M
- Series A 20 Nov 2017, led by Nosara Capital $10M
- Series B 7 Aug 2019, led by Thrive Capital $35M
- Debt not a venture round 22 Jul 2020 $250M
- Series C this round 10 Dec 2020, led by Founders Fund $40M$376M post-money
- Series D 1 Feb 2023, led by CPMG, L2V and Nosara Capital $100M$500M post-money
Investors
Who put money in
Founders Fund led the round with 3 other firms.
Lead investor
- Founders Fund backs 368 venture-backed companies new investor
Also in the round
- Thrive Capital backs 130 venture-backed companies new investor
- backs 7 venture-backed companies new investor
- backs 153 venture-backed companies 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
The closest in time: 2 in Decorators & Interior Designers, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Nuvemshop Decorators & Interior Designers | 1 Oct 2020 | $30M | not disclosed | Qualcomm Ventures and Kaszek |
| Decorators & Interior Designers | 11 Mar 2021 | $61M | not disclosed | not named |
| OneTrust Tech Companies | 21 Dec 2020 | $300M | $5.10B | Technology Crossover Ventures |
| Tech Companies | 22 Dec 2020 | $265M | not disclosed | Hillhouse |
| Cityblock Health Health Care Services | 10 Dec 2020 | $160M | $1.00B | General Catalyst |
| Voi Bicycle Rental Services | 1 Dec 2020 | $160M | not disclosed | The Raine Group |
| Paxos Cryptocurrency | 17 Dec 2020 | $142M | not disclosed | Declaration Partners |
| Tech Companies | 8 Dec 2020 | $135M | not disclosed | Intel Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did LeafLink raise in its Series C round?
LeafLink raised $40M in its Series C round, announced in Dec 2020.
Who led LeafLink's Series C round?
Founders Fund led it, with Thrive Capital, Nosara Capital and Lerer Hippeau.
What was LeafLink's valuation at the Series C round?
$376M post-money.
Did LeafLink raise again after this round?
Yes: a Series D round in Feb 2023 of $100M at $500M post-money.