Funding round
Moglix Series F
Moglix, which works in industrial products retail and distribution in Singapore, raised $250M in a Series F round announced on 28 Jan 2022, led by Tiger Global and Alpha Wave Global, at a $2.60B post-money valuation. 3 firms took part, 2 of them already investors. It is Moglix's sixth venture round on record; the one before was a Series E in May 2021.
$250M
Amount raised
$2.60B
Post-money valuation
$2.35B pre-money
3
Investors
2 leads
2.6x
Step-up from the Series E
$1.00B in May 2021
9.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Moglix at $2.60B after the new money, 2.6 times the $1.00B of its Series E (May 2021). The $250M bought investors about 9.6% of the company. It came 8 months after Moglix's Series E. It is 53% of the $469M Moglix has raised in the venture rounds on record. No later venture round is on record for Moglix.
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 16 May 2021, led by Falcon Edge Capital and Harvard Management Company $120M$1.00B post-money
- Series F this round 28 Jan 2022, led by Tiger Global and Alpha Wave Global $250M$2.60B post-money
Investors
Who put money in
Tiger Global and Alpha Wave Global led the round with 1 other firm. Tiger Global and Alpha Wave Global had backed Moglix before.
Lead investors
- Tiger Global backs 391 venture-backed companies existing investor
- Alpha Wave Global backs 78 venture-backed companies existing investor
Also in the round
- backs 3 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time: 1 in Industrial Machinery & Supplies, then Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Industrial Machinery & Supplies | 29 Nov 2022 | $117M | $2.00B | Goldman Sachs Asset Management and G2 Venture Partners |
| Creditas Loans & Financing | 25 Jan 2022 | $260M | $4.80B | Fidelity Management and Research Company |
| Highspot Tech Companies | 13 Jan 2022 | $248M | $3.50B | B Capital and D1 Capital Partners |
| Lyra Health Psychologists & Counseling Services | 19 Jan 2022 | $235M | $5.90B | Dragoneer Investment Group |
| Clari Tech Companies | 19 Jan 2022 | $225M | $2.60B | Blackstone |
| Employment Agencies & HR Consulting | 19 Jan 2022 | $200M | $3.50B | Coatue and Valiant Peregrine |
| Tech Companies | 18 Jan 2022 | $175M | $3.00B | Thrive Capital and Tiger Global |
| Tech Companies | 13 Dec 2021 | $735M | $11.00B | XN |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Moglix raise in its Series F round?
Moglix raised $250M in its Series F round, announced in Jan 2022.
Who led Moglix's Series F round?
Tiger Global and Alpha Wave Global led it, with WFM Asia.
What was Moglix's valuation at the Series F round?
$2.60B post-money ($2.35B pre-money).