Funding round
Mapbox Series C
Mapbox, which works in location intelligence solutions in Washington, raised $164M in a Series C round announced on 10 Oct 2017, led by SoftBank Vision Fund and SoftBank. 6 firms took part, 4 of them already investors. It is Mapbox's third venture round on record; the one before was a Series B in Jun 2015.
$164M
Amount raised
Not disclosed
Post-money valuation
6
Investors
2 leads
Valuation
What this round says about the price
Mapbox did not disclose a valuation in this round. It came 28 months after Mapbox's Series B. It is 32% of the $507M Mapbox has raised in the venture rounds on record. Mapbox raised again 30 months later: a Series D round in Apr 2020, at $1.20B post-money.
Mapbox's funding rounds
Mapbox has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
SoftBank Vision Fund and SoftBank led the round with 4 other firms. Foundry, DFJ Growth, DBL Partners and Thrive Capital had backed Mapbox before.
Lead investors
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- SoftBank
Also in the round
- backs 85 venture-backed companies existing investor
- DFJ Growth backs 51 venture-backed companies existing investor
- backs 24 venture-backed companies existing investor
- Thrive Capital backs 130 venture-backed companies existing 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
165 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 5.3 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 17 Oct 2017 | $50M | not disclosed | Undisclosed Investor |
| Carta Tech Companies | 11 Oct 2017 | $42M | not disclosed | Menlo Ventures and Social Capital |
| Tech Companies | 4 Oct 2017 | $35M | not disclosed | Norwest |
| Tech Companies | 19 Oct 2017 | $30M | not disclosed | Battery Ventures |
| Tech Companies | 12 Oct 2017 | $28M | not disclosed | NGP Capital |
| Tech Companies | 3 Oct 2017 | $25M | not disclosed | Atlantic Bridge |
| Sysdig Tech Companies | 12 Oct 2017 | $25M | not disclosed | not named |
| Tech Companies | 23 Oct 2017 | $22M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Mapbox raise in its Series C round?
Mapbox raised $164M in its Series C round, announced in Oct 2017.
Who led Mapbox's Series C round?
SoftBank Vision Fund and SoftBank led it, with Foundry, DFJ Growth, DBL Partners and Thrive Capital.
What was Mapbox's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
165 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 5.3 times the median.
Did Mapbox raise again after this round?
Yes: a Series D round in Apr 2020 at $1.20B post-money.