Funding round
Lightmatter Series C
Lightmatter, which works in photonic computing solutions development in Mountain View, raised $155M in a Series C round announced on 19 Dec 2023, led by GV and Viking Global, at a $1.20B post-money valuation. 2 firms took part. It is Lightmatter's third venture round on record; the one before was a Series B in May 2021.
$155M
Amount raised
$1.20B
Post-money valuation
$1.04B pre-money
2
Investors
2 leads
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Lightmatter at $1.20B after the new money. The $155M bought investors about 13% of the company. It came 31 months after Lightmatter's Series B. It is 24% of the $657M Lightmatter has raised in the venture rounds on record. Lightmatter raised again 10 months later: a Series D round of $400M in Oct 2024, at $4.40B post-money.
Lightmatter's funding rounds
Lightmatter has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
GV and Viking Global led the round.
Lead investors
- GV backs 428 venture-backed companies new investor
- backs 54 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
13 Series C rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $34M, and this round was 4.5 times the median. The closest in time, other companies' Series C rounds in Electronical Components Manufacturing:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Electronical Components Manufacturing | 15 Dec 2023 | undisclosed | not disclosed | Light Ray Ventures |
| Electronical Components Manufacturing | 2 Jan 2024 | $10M | not disclosed | not named |
| Electronical Components Manufacturing | 13 Feb 2024 | $6.8M | not disclosed | not named |
| Electronical Components Manufacturing | 12 Sep 2023 | $17M | not disclosed | MVP Ventures |
| Electronical Components Manufacturing | 9 May 2024 | $81M | $529M | SkyLake Equity Partners |
| Electronical Components Manufacturing | 3 Jun 2024 | $80M | not disclosed | Fidelity Management & Research Company |
| Electronical Components Manufacturing | 2 May 2023 | $43M | not disclosed | Smile Invest and Innovation Industries |
| Electronical Components Manufacturing | 22 Jul 2024 | $34M | not disclosed | Woven Capital and Mitsubishi HC Capital |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Lightmatter raise in its Series C round?
Lightmatter raised $155M in its Series C round, announced in Dec 2023.
Who led Lightmatter's Series C round?
GV and Viking Global led it.
What was Lightmatter's valuation at the Series C round?
$1.20B post-money ($1.04B pre-money).
How does it compare with other Series C rounds in Electronical Components Manufacturing?
13 Series C rounds in Electronical Components Manufacturing within a year either side disclosed an amount; the median was $34M, and this round was 4.5 times the median.
Did Lightmatter raise again after this round?
Yes: a Series D round in Oct 2024 of $400M at $4.40B post-money.