Funding round
LeafLink Series D
LeafLink, which works in cannabis commerce platform development in Denver, raised $100M in a Series D round announced on 1 Feb 2023, led by CPMG, L2V and Nosara Capital, at a $500M post-money valuation. 3 firms took part. It is LeafLink's fifth venture round on record; the one before was a Series C in Dec 2020.
$100M
Amount raised
$500M
Post-money valuation
$400M pre-money
3
Investors
3 leads
1.3x
Step-up from the Series C
$376M in Dec 2020
20%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced LeafLink at $500M after the new money, 1.3 times the $376M of its Series C (Dec 2020). The $100M bought investors about 20% of the company. It came 26 months after LeafLink's Series C. It is 53% of the $188M LeafLink has raised in the venture rounds on record. No later venture round is on record for LeafLink.
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 10 Dec 2020, led by Founders Fund $40M$376M post-money
- Series D this round 1 Feb 2023, led by CPMG, L2V and Nosara Capital $100M$500M post-money
Investors
Who put money in
CPMG, L2V and Nosara Capital led the round.
Lead investors
- CPMG new investor
- backs 7 venture-backed companies new investor
- backs 7 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
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 |
|---|---|---|---|---|
| Tech Companies | 27 Feb 2023 | $300M | $10.00B | Lightspeed Venture Partners |
| Groceries | 21 Feb 2023 | $104M | not disclosed | Amazon Smbhav Venture Fund |
| Tech Companies | 7 Feb 2023 | $100M | not disclosed | General Atlantic |
| Media Companies | 8 Feb 2023 | $65M | $1.00B | Sageview Capital and Valor |
| Tech Companies | 9 Feb 2023 | $50M | not disclosed | Prosperity7 Ventures |
| Loans & Financing | 24 Mar 2023 | $270M | not disclosed | Mizuho Bank |
| Kredivo Group Loans & Financing | 23 Mar 2023 | $270M | not disclosed | Mizuho Financial Group Inc. |
| Enpal Solar Energy Company | 9 Jan 2023 | $230M | $2.35B | TPG |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did LeafLink raise in its Series D round?
LeafLink raised $100M in its Series D round, announced in Feb 2023.
Who led LeafLink's Series D round?
CPMG, L2V and Nosara Capital led it.
What was LeafLink's valuation at the Series D round?
$500M post-money ($400M pre-money).