Funding round
Nuro Growth
Reported as "Growth Equity"
Nuro, which works in autonomous driving technology licensing in Mountain View, raised $940M in a Growth round announced on 11 Feb 2019, led by SoftBank Vision Fund, at a $2.70B post-money valuation. 2 firms took part. It is Nuro's second venture round on record; the one before was a Series A in Jan 2018.
$940M
Amount raised
$2.70B
Post-money valuation
$1.76B pre-money
2
Investors
1 lead
35%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Nuro at $2.70B after the new money. The $940M bought investors about 35% of the company. It came 13 months after Nuro's Series A. It is 41% of the $2.27B Nuro has raised in the venture rounds on record. Nuro raised again 30 months later: a Series B round of $940M in Aug 2021. Its next priced round, a Series D in Aug 2025, valued it at $6.00B.
Nuro's funding rounds
Nuro has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
SoftBank Vision Fund led the round with 1 other firm.
Lead investor
- SoftBank Vision Fund backs 234 venture-backed companies new investor
Also in the round
- SoftBank Group Corp
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
220 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 21 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 11 Feb 2019 | $200M | not disclosed | K1 Investment Management |
| Tech Companies | 21 Feb 2019 | $88M | not disclosed | not named |
| Tech Companies | 5 Feb 2019 | $50M | not disclosed | August Capital and Bain Capital Ventures |
| Tech Companies | 25 Feb 2019 | $38M | not disclosed | Centerview Capital Technology |
| Tech Companies | 15 Feb 2019 | $28M | not disclosed | not named |
| Tech Companies | 19 Feb 2019 | $25M | not disclosed | Titanium Ventures |
| Tech Companies | 1 Feb 2019 | $16M | not disclosed | Accel-KKR |
| Tech Companies | 25 Feb 2019 | $8.0M | not disclosed | Oxx |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Nuro raise in its Growth round?
Nuro raised $940M in its Growth round, announced in Feb 2019.
Who led Nuro's Growth round?
SoftBank Vision Fund led it, with SoftBank Group Corp.
What was Nuro's valuation at the Growth round?
$2.70B post-money ($1.76B pre-money).
How does it compare with other Growth rounds in Tech Companies?
220 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 21 times the median.
Did Nuro raise again after this round?
Yes: a Series B round in Aug 2021 of $940M.