Funding round
NEAR Growth
Reported as "Growth Equity"
NEAR, which works in blockchain protocol development in United States, raised $150M in a Growth round announced on 13 Jan 2022, led by Three Arrows Capital. 12 firms took part. It is NEAR's second venture round on record; the one before was a Series A in Jul 2019.
$150M
Amount raised
Not disclosed
Post-money valuation
12
Investors
1 lead
Valuation
What this round says about the price
NEAR did not disclose a valuation in this round. It came 30 months after NEAR's Series A. It is 29% of the $512M NEAR has raised in the venture rounds on record. NEAR raised again 3 months later: a Growth round of $350M in Apr 2022.
NEAR's funding rounds
NEAR has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Three Arrows Capital led the round with 11 other firms.
Lead investor
- Three Arrows Capital new investor
Also in the round
- backs 28 venture-backed companies new investor
- backs 74 venture-backed companies new investor
- Andreessen Horowitz (a16z crypto) new investor
- backs 91 venture-backed companies new investor
- Alameda Research new investor
- backs 21 venture-backed companies new investor
- Amber Group new investor
- backs 15 venture-backed companies new investor
- backs 45 venture-backed companies new investor
- Circle Ventures new investor
- backs 7 venture-backed companies new investor
Comparable rounds
How it compares
442 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $58M, and this round was 2.6 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| project44 Tech Companies | 11 Jan 2022 | $420M | not disclosed | Thoma Bravo and TPG |
| Animoca Brands Tech Companies | 18 Jan 2022 | $359M | $5.00B | Liberty City Ventures |
| Assent Tech Companies | 6 Jan 2022 | $350M | $1.00B | Vista Equity Partners |
| Tech Companies | 26 Jan 2022 | $295M | $2.70B | not named |
| Fever Tech Companies | 26 Jan 2022 | $227M | $1.00B | Goldman Sachs and Goldman Sachs Asset Management |
| Tech Companies | 12 Jan 2022 | $190M | $1.20B | Advent International and Insight Partners |
| Tech Companies | 14 Jan 2022 | $161M | not disclosed | not named |
| Tech Companies | 21 Jan 2022 | $150M | not disclosed | Vista Equity Partners |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did NEAR raise in its Growth round?
NEAR raised $150M in its Growth round, announced in Jan 2022.
Who led NEAR's Growth round?
Three Arrows Capital led it, with Mechanism Capital, Dragonfly, Andreessen Horowitz (a16z crypto), Jump Capital and Alameda Research and 6 more.
What was NEAR's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
442 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $58M, and this round was 2.6 times the median.
Did NEAR raise again after this round?
Yes: a Growth round in Apr 2022 of $350M.