Funding round
Neuralink Series C
Neuralink, which works in brain-computer interface technology development in Fremont, raised $205M in a Series C round announced on 29 Jul 2021, led by Vy Capital. 7 firms took part, with 1 individual investor. It is Neuralink's third venture round on record; the one before was a Series B in Apr 2019.
$205M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Neuralink did not disclose a valuation in this round. It came 27 months after Neuralink's Series B. It is 16% of the $1.29B Neuralink has raised in the venture rounds on record. Neuralink raised again 25 months later: a Series D round of $280M in Aug 2023. Its next priced round, a Series E in Jun 2025, valued it at $9.60B.
Neuralink's funding rounds
Neuralink has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Vy Capital led the round with 6 other firms.
Lead investor
- backs 22 venture-backed companies new investor
Also in the round
- GV backs 428 venture-backed companies new investor
- DFJ Growth backs 51 venture-backed companies new investor
- Valor backs 143 venture-backed companies new investor
- Craft Ventures backs 197 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- backs 14 venture-backed companies new investor
Individual investors: Sam Altman.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
52 Series C rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $42M, and this round was 4.9 times the median. The closest in time, other companies' Series C rounds in Medical Supply Manufacturers:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Medical Supply Manufacturers | 29 Jul 2021 | $220M | not disclosed | RA Capital |
| Medical Supply Manufacturers | 20 Jul 2021 | $105M | not disclosed | Transformation Capital |
| Medical Supply Manufacturers | 27 Jul 2021 | $80M | not disclosed | BGF |
| Medical Supply Manufacturers | 20 Jul 2021 | $65M | not disclosed | Vertex Ventures HC and Treo Ventures |
| Medical Supply Manufacturers | 21 Jul 2021 | $15M | $150M | HC2 Holdings, Inc. |
| Medical Supply Manufacturers | 30 Aug 2021 | $86M | $500M | Valor |
| Medical Supply Manufacturers | 31 Aug 2021 | $59M | not disclosed | Cathay Capital and Sofinnova Partners |
| Medical Supply Manufacturers | 3 Jun 2021 | $4.0M | not disclosed | WNY Impact Investment Fund and Murray Capital |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Neuralink raise in its Series C round?
Neuralink raised $205M in its Series C round, announced in Jul 2021.
Who led Neuralink's Series C round?
Vy Capital led it, with GV, DFJ Growth, Valor, Craft Ventures and Founders Fund and 1 more.
What was Neuralink's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Medical Supply Manufacturers?
52 Series C rounds in Medical Supply Manufacturers within a year either side disclosed an amount; the median was $42M, and this round was 4.9 times the median.
Did Neuralink raise again after this round?
Yes: a Series D round in Aug 2023 of $280M.