Funding round
North Road Growth
Reported as "Growth Equity"
North Road, which works in content production services in Los Angeles, raised $150M in a Growth round announced on 31 Jan 2023, led by Qatar Investment Authority, at a $1.00B post-money valuation. 1 firm took part. It is North Road's second venture round on record; the one before was a Growth in Jul 2022.
$150M
Amount raised
$1.00B
Post-money valuation
$850M pre-money
1
Investors
1 lead
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced North Road at $1.00B after the new money. The $150M bought investors about 15% of the company. It came 6 months after North Road's Growth. It is 23% of the $650M North Road has raised in the venture rounds on record. No later venture round is on record for North Road.
North Road's funding rounds
North Road has 2 venture rounds on record and 1 other deal. This one is highlighted.
- Debt not a venture round 6 Jul 2022 $300M
- Growth 6 Jul 2022, led by Providence Equity $500M
- Growth this round 31 Jan 2023, led by Qatar Investment Authority $150M$1.00B post-money
Investors
Who put money in
Qatar Investment Authority led the round.
Lead investor
- Qatar Investment Authority backs 71 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations, acquisitions and working capital.
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
6 Growth rounds in Video and Audio Production within a year either side disclosed an amount; the median was $90M, and this round was 1.7 times the median. The closest in time, other companies' Growth rounds in Video and Audio Production:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Video and Audio Production | 15 Feb 2023 | undisclosed | not disclosed | not named |
| Video and Audio Production | 21 Mar 2023 | $50M | not disclosed | MEP Capital |
| Video and Audio Production | 13 Oct 2022 | $400M | $4.00B | KKR |
| Video and Audio Production | 26 Apr 2022 | $100M | not disclosed | Abry Partners |
| Video and Audio Production | 9 Mar 2022 | $225M | $2.50B | Stripes and Neuberger Berman |
| Video and Audio Production | 14 Mar 2022 | $80M | not disclosed | Paratus Investment |
| Video and Audio Production | 16 Jan 2024 | $38M | not disclosed | not named |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did North Road raise in its Growth round?
North Road raised $150M in its Growth round, announced in Jan 2023.
Who led North Road's Growth round?
Qatar Investment Authority led it.
What was North Road's valuation at the Growth round?
$1.00B post-money ($850M pre-money).
How does it compare with other Growth rounds in Video and Audio Production?
6 Growth rounds in Video and Audio Production within a year either side disclosed an amount; the median was $90M, and this round was 1.7 times the median.