Funding round
Neo4j Growth
Reported as "Growth Equity"
Neo4j, which works in graph database management software development in San Mateo, raised $50M in a Growth round announced on 28 Nov 2024, led by Noteus, at a $2.00B post-money valuation. 1 firm took part. It is Neo4j's sixth venture round on record; the one before was a Series F in Jun 2021.
$50M
Amount raised
$2.00B
Post-money valuation
$1.95B pre-money
1
Investors
1 lead
1.0x
Step-up from the Series F
$2.00B in Jun 2021
2.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Neo4j at $2.00B after the new money, 1.0 times the $2.00B of its Series F (Jun 2021). The $50M bought investors about 2.5% of the company. It came 41 months after Neo4j's Series F. It is 9.6% of the $522M Neo4j has raised in the venture rounds on record. No later venture round is on record for Neo4j.
Neo4j's funding rounds
Neo4j has 6 venture rounds on record. This one is highlighted.
- Series B 2 Nov 2012, led by Sunstone Life Science Ventures $11M
- Series C 15 Jan 2015, led by Creandum $20M
- Series D 14 Feb 2017 $36M
- Series E 1 Nov 2018, led by One Peak and Morgan Stanley $80M
- Series F 17 Jun 2021, led by Eurazeo $325M$2.00B post-money
- Growth this round 28 Nov 2024, led by Noteus $50M$2.00B post-money
Investors
Who put money in
Noteus led the round.
Lead investor
- backs 4 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, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
409 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was close to the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Anthropic Tech Companies | 22 Nov 2024 | $4.00B | not disclosed | Amazon |
| C4 Tech Companies | 20 Nov 2024 | $530M | $5.30B | CapitalG and Sequoia Capital |
| Cin7 Tech Companies | 18 Nov 2024 | $500M | not disclosed | Rubicon Technology Partners and CVC |
| Perplexity Tech Companies | 5 Nov 2024 | $500M | $9.00B | Institutional Venture Partners |
| Tech Companies | 13 Nov 2024 | $330M | not disclosed | Sumeru Equity Partners |
| Tech Companies | 21 Nov 2024 | $100M | not disclosed | General Catalyst |
| Tech Companies | 21 Nov 2024 | $50M | not disclosed | not named |
| Tech Companies | 25 Nov 2024 | $50M | not disclosed | BlackRock Capital Investment Advisors, LLC |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Neo4j raise in its Growth round?
Neo4j raised $50M in its Growth round, announced in Nov 2024.
Who led Neo4j's Growth round?
Noteus led it.
What was Neo4j's valuation at the Growth round?
$2.00B post-money ($1.95B pre-money).
How does it compare with other Growth rounds in Tech Companies?
409 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was close to the median.