Funding round
Mapbox Series E
Mapbox, which works in location intelligence solutions in Washington, raised $280M in a Series E round announced on 19 Sep 2023, led by SoftBank Group Corp., at a $1.30B post-money valuation. 1 firm took part. It is Mapbox's fifth venture round on record; the one before was a Series D in Apr 2020.
$280M
Amount raised
$1.30B
Post-money valuation
$1.02B pre-money
1
Investors
1 lead
1.1x
Step-up from the Series D
$1.20B in Apr 2020
22%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Mapbox at $1.30B after the new money, 1.1 times the $1.20B of its Series D (Apr 2020). The $280M bought investors about 22% of the company. It came 41 months after Mapbox's Series D. It is 55% of the $507M Mapbox has raised in the venture rounds on record. No later venture round is on record for Mapbox.
Mapbox's funding rounds
Mapbox has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
SoftBank Group Corp. led the round.
Lead investor
- SoftBank Group Corp. new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
28 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $112M, and this round was 2.5 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| AlphaSense Tech Companies | 28 Sep 2023 | $150M | $2.50B | BOND |
| Tech Companies | 13 Oct 2023 | $51M | not disclosed | Princeville Capital and Citi Ventures |
| Tech Companies | 4 Oct 2023 | $50M | $980M | Schroders Capital |
| Tech Companies | 10 Aug 2023 | $30M | not disclosed | Wellington Management and ArcTern Ventures |
| BlueVoyant Tech Companies | 29 Nov 2023 | $140M | not disclosed | Liberty Strategic Capital and ISTARI |
| Inflection AI Tech Companies | 29 Jun 2023 | $1.30B | $4.00B | Microsoft and Nvidia |
| Tomorrow.io Tech Companies | 14 Jun 2023 | $87M | not disclosed | Activate Capital |
| Tech Companies | 3 Jan 2024 | $60M | $1.00B | Evolution Equity Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Mapbox raise in its Series E round?
Mapbox raised $280M in its Series E round, announced in Sep 2023.
Who led Mapbox's Series E round?
SoftBank Group Corp. led it.
What was Mapbox's valuation at the Series E round?
$1.30B post-money ($1.02B pre-money).
How does it compare with other Series E rounds in Tech Companies?
28 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $112M, and this round was 2.5 times the median.