Funding round
Moveworks Series C
Moveworks, which works in AI platform development in Mountain View, raised $200M in a Series C round announced on 30 Jun 2021, led by Tiger Global and Alkeon, at a $2.10B post-money valuation. 7 firms took part, 5 of them already investors. It is Moveworks' third venture round on record; the one before was a Series B in Nov 2019.
$200M
Amount raised
$2.10B
Post-money valuation
$1.90B pre-money
7
Investors
2 leads
9.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Moveworks at $2.10B after the new money. The $200M bought investors about 9.5% of the company. It came 19 months after Moveworks' Series B. It is 6.3% of the $3.15B Moveworks has raised in the venture rounds on record. Moveworks raised again 54 months later: a Growth round of $2.85B in Dec 2025.
Moveworks' funding rounds
Moveworks has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Tiger Global and Alkeon led the round with 5 other firms. Lightspeed Venture Partners, Bain Capital, Kleiner Perkins and ICONIQ Growth and 1 more had backed Moveworks before.
Lead investors
- Tiger Global backs 391 venture-backed companies new investor
- Alkeon backs 51 venture-backed companies new investor
Also in the round
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- backs 70 venture-backed companies existing investor
- Kleiner Perkins backs 285 venture-backed companies existing investor
- ICONIQ Growth existing investor
- Sapphire Ventures backs 148 venture-backed companies existing investor
Joined the board: Nikesh Arora (Palo Alto Networks).
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
502 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 3.3 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 29 Jun 2021 | $260M | $1.60B | SoftBank Vision Fund |
| Tech Companies | 1 Jun 2021 | $200M | not disclosed | not named |
| Tech Companies | 1 Jun 2021 | $187M | not disclosed | BlackRock and Canada Pension Plan Investment Board |
| Tech Companies | 15 Jun 2021 | $170M | $1.17B | SoftBank Vision Fund |
| dbt Labs Tech Companies | 30 Jun 2021 | $150M | $1.50B | Altimeter and Sequoia Capital |
| Tech Companies | 17 Jun 2021 | $138M | $800M | Ontario Teachers’ Pension Plan |
| Tech Companies | 6 Jun 2021 | $120M | $1.50B | Third Point Ventures |
| Tech Companies | 17 Jun 2021 | $120M | not disclosed | Tiger Global |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Moveworks raise in its Series C round?
Moveworks raised $200M in its Series C round, announced in Jun 2021.
Who led Moveworks' Series C round?
Tiger Global and Alkeon led it, with Lightspeed Venture Partners, Bain Capital, Kleiner Perkins, ICONIQ Growth and Sapphire Ventures.
What was Moveworks' valuation at the Series C round?
$2.10B post-money ($1.90B pre-money).
How does it compare with other Series C rounds in Tech Companies?
502 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 3.3 times the median.
Did Moveworks raise again after this round?
Yes: a Growth round in Dec 2025 of $2.85B.