Funding round
Lightmatter Series B
Lightmatter, which works in photonic computing solutions development in Mountain View, raised $80M in a Series B round announced on 6 May 2021, led by Viking Global. 7 firms took part. It is Lightmatter's second venture round on record; the one before was a Series A in Feb 2019.
$80M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Lightmatter did not disclose a valuation in this round. It came 27 months after Lightmatter's Series A. It is 12% of the $657M Lightmatter has raised in the venture rounds on record. Lightmatter raised again 31 months later: a Series C round of $155M in Dec 2023, at $1.20B post-money.
Lightmatter's funding rounds
Lightmatter has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Viking Global led the round with 6 other firms.
Lead investor
- backs 54 venture-backed companies new investor
Also in the round
- GV backs 428 venture-backed companies new investor
- Hewlett Packard Enterprise new investor
- Lockheed Martin new investor
- Matrix backs 129 venture-backed companies new investor
- backs 5 venture-backed companies new investor
- Spark Capital backs 234 venture-backed companies new investor
Joined the board: Olivia Nottebohm.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
33 Series B rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $22M, and this round was 3.7 times the median. The closest in time, other companies' Series B rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 31 May 2021 | $72M | not disclosed | not named |
| Electronical Components Manufacturing | 20 May 2021 | $21M | not disclosed | GV |
| Electronical Components Manufacturing | 24 May 2021 | $19M | not disclosed | not named |
| Electronical Components Manufacturing | 25 May 2021 | $15M | not disclosed | Edison Partners |
| Electronical Components Manufacturing | 24 Jun 2021 | $13M | not disclosed | Cardumen Capital and Verizon Ventures |
| Electronical Components Manufacturing | 1 Jul 2021 | $125M | not disclosed | Tracker Capital and Intel Capital |
| Electronical Components Manufacturing | 18 Mar 2021 | $20M | not disclosed | Cota Capital |
| Electronical Components Manufacturing | 25 Mar 2021 | $16M | not disclosed | Fin Capital and TTV Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Lightmatter raise in its Series B round?
Lightmatter raised $80M in its Series B round, announced in May 2021.
Who led Lightmatter's Series B round?
Viking Global led it, with GV, Hewlett Packard Enterprise, Lockheed Martin, Matrix and SIP Global Partners and 1 more.
What was Lightmatter's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Electronical Components Manufacturing?
33 Series B rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $22M, and this round was 3.7 times the median.
Did Lightmatter raise again after this round?
Yes: a Series C round in Dec 2023 of $155M at $1.20B post-money.