Funding round
Mirakl Growth
Reported as "Growth Equity"
Mirakl, which works in marketplace platform development in Paris, raised $300M in a Growth round announced on 22 Sep 2020, led by Permira, at a $1.50B post-money valuation. 5 firms took part, 5 of them already investors. It is Mirakl's fourth venture round on record; the one before was a Series C in Feb 2019.
$300M
Amount raised
$1.50B
Post-money valuation
$1.20B pre-money
5
Investors
1 lead
20%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Mirakl at $1.50B after the new money. The $300M bought investors about 20% of the company. It came 19 months after Mirakl's Series C. It is 32% of the $948M Mirakl has raised in the venture rounds on record. Mirakl raised again 12 months later: a Series E round of $555M in Sep 2021, at $3.50B post-money.
Mirakl's funding rounds
Mirakl has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Permira led the round with 4 other firms. Permira, 83North, Bain Capital Ventures and Elaia and 1 more had backed Mirakl before.
Lead investor
- backs 21 venture-backed companies existing investor
Also in the round
- backs 42 venture-backed companies existing investor
- Bain Capital Ventures backs 220 venture-backed companies existing investor
- backs 70 venture-backed companies existing investor
- backs 63 venture-backed companies existing investor
Joined the board: Bruce Chizen (Permira).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
310 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 6.0 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 25 Sep 2020 | $100M | not disclosed | Insight Partners |
| Tech Companies | 1 Sep 2020 | $45M | not disclosed | not named |
| Tech Companies | 29 Sep 2020 | $35M | not disclosed | Volition Capital |
| Tech Companies | 24 Sep 2020 | $30M | not disclosed | The Chernin Group |
| Tech Companies | 15 Sep 2020 | $26M | not disclosed | Tech Pioneers Fund |
| Tech Companies | 22 Sep 2020 | $24M | not disclosed | not named |
| Tech Companies | 10 Sep 2020 | $12M | not disclosed | not named |
| Tech Companies | 29 Sep 2020 | $9.5M | not disclosed | Level Equity |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Mirakl raise in its Growth round?
Mirakl raised $300M in its Growth round, announced in Sep 2020.
Who led Mirakl's Growth round?
Permira led it, with 83North, Bain Capital Ventures, Elaia and Felix Capital.
What was Mirakl's valuation at the Growth round?
$1.50B post-money ($1.20B pre-money).
How does it compare with other Growth rounds in Tech Companies?
310 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 6.0 times the median.
Did Mirakl raise again after this round?
Yes: a Series E round in Sep 2021 of $555M at $3.50B post-money.