Funding round
Moglix Series E
Moglix, which works in industrial products retail and distribution in Singapore, raised $120M in a Series E round announced on 16 May 2021, led by Falcon Edge Capital and Harvard Management Company, at a $1.00B post-money valuation. 5 firms took part. It is Moglix's fifth venture round on record; the one before was a Series D in Jul 2019.
$120M
Amount raised
$1.00B
Post-money valuation
$880M pre-money
5
Investors
2 leads
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Moglix at $1.00B after the new money. The $120M bought investors about 12% of the company. It came 22 months after Moglix's Series D. It is 26% of the $469M Moglix has raised in the venture rounds on record. Moglix raised again 8 months later: a Series F round of $250M in Jan 2022, at $2.60B post-money.
Moglix's funding rounds
Moglix has 6 venture rounds on record. This one is highlighted.
- Series A 4 Oct 2016, led by Accel $4.2M
- Series B 6 Jul 2017, led by International Finance Corporation $12M
- Series C 18 Dec 2018, led by Accel, Jungle Ventures and International Finance Corporation $23M
- Series D 11 Jul 2019, led by Tiger Global $60M
- Series E this round 16 May 2021, led by Falcon Edge Capital and Harvard Management Company $120M$1.00B post-money
- Series F 28 Jan 2022, led by Tiger Global and Alpha Wave Global $250M$2.60B post-money
Investors
Who put money in
Falcon Edge Capital and Harvard Management Company led the round with 3 other firms.
Lead investors
- Falcon Edge Capital new investor
- Harvard Management Company new investor
Also in the round
- Tiger Global backs 391 venture-backed companies new investor
- Sequoia Capital India new investor
- Venture Highway new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time: 1 in Industrial Machinery & Supplies, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 19 May 2021 | $150M | $2.00B | SoftBank Vision Fund |
| Contentsquare Tech Companies | 25 May 2021 | $500M | $2.80B | SoftBank Vision Fund |
| QuintoAndar Real Estate - Agents & Managers | 27 May 2021 | $300M | $4.00B | Ribbit |
| RigUp Tech Companies | 20 May 2021 | $300M | $2.90B | Baillie Gifford |
| Software Development Services | 20 May 2021 | $300M | $2.90B | Baillie Gifford |
| Medical Supply Manufacturers | 27 May 2021 | $104M | not disclosed | OrbiMed |
| Tech Companies | 25 May 2021 | $100M | not disclosed | Technology Crossover Ventures and Dragoneer Investment Group |
| Employment Agencies & HR Consulting | 12 May 2021 | $80M | $1.50B | Lightspeed Venture Partners and Spark Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Moglix raise in its Series E round?
Moglix raised $120M in its Series E round, announced in May 2021.
Who led Moglix's Series E round?
Falcon Edge Capital and Harvard Management Company led it, with Tiger Global, Sequoia Capital India and Venture Highway.
What was Moglix's valuation at the Series E round?
$1.00B post-money ($880M pre-money).
Did Moglix raise again after this round?
Yes: a Series F round in Jan 2022 of $250M at $2.60B post-money.