Funding round
Metropolis Series D
Metropolis, which works in AI-Driven parking solutions in Chicago, raised $500M in a Series D round announced on 6 Nov 2025, led by LionTree, at a $5.00B post-money valuation. 8 firms took part. It is Metropolis' fifth venture round on record; the one before was a Series C in Oct 2023.
$500M
Amount raised
$5.00B
Post-money valuation
$4.50B pre-money
8
Investors
1 lead
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Metropolis at $5.00B after the new money. The $500M bought investors about 10% of the company. It came 25 months after Metropolis' Series C. It is 21% of the $2.43B Metropolis has raised in the venture rounds on record. No later venture round is on record for Metropolis.
Metropolis' funding rounds
Metropolis has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Seed 26 Jun 2019, led by Zigg Capital $18M
- Series A 16 Feb 2021, led by 3L Growth Equity $41M
- Series B 15 Jun 2022, led by 3L Growth Equity and Assembly Ventures $167M
- Series C 5 Oct 2023, led by Eldridge Capital and 3L Growth Equity $1.70B
- Debt not a venture round 6 Nov 2025 $1.10B
- Series D this round 6 Nov 2025, led by LionTree $500M$5.00B post-money
Investors
Who put money in
LionTree led the round with 7 other firms.
Lead investor
- backs 24 venture-backed companies new investor
Also in the round
- BDT & MSD Partners backs 25 venture-backed companies new investor
- backs 52 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- backs 133 venture-backed companies new investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
- Tekne Capital new investor
- Vista Equity Partners backs 43 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion and scaling operations.
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
104 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 5.0 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 13 Nov 2025 | $2.30B | $29.30B | Accel and Coatue |
| Tech Companies | 18 Nov 2025 | $100M | not disclosed | Growth Equity at Goldman Sachs Alternatives |
| RapidSOS Tech Companies | 19 Nov 2025 | $100M | $1.00B | not named |
| Eon Tech Companies | 2 Dec 2025 | $300M | $4.00B | Gil Capital |
| Tech Companies | 2 Dec 2025 | $233M | not disclosed | NTT Group and Qatar Investment Authority |
| Tech Companies | 9 Dec 2025 | $140M | $4.50B | Sequoia Capital |
| Tech Companies | 13 Oct 2025 | undisclosed | not disclosed | not named |
| ClickHouse Tech Companies | 16 Jan 2026 | $400M | $15.00B | Dragoneer Investment Group |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Metropolis raise in its Series D round?
Metropolis raised $500M in its Series D round, announced in Nov 2025.
Who led Metropolis' Series D round?
LionTree led it, with BDT & MSD Partners, dfj, Eldridge Industries, Slow Ventures and SoftBank Vision Fund and 2 more.
What was Metropolis' valuation at the Series D round?
$5.00B post-money ($4.50B pre-money).
How does it compare with other Series D rounds in Tech Companies?
104 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 5.0 times the median.