Funding round
OneTrust Growth
Reported as "Growth Equity"
OneTrust, which works in AI-Driven governance solutions development in Atlanta, raised $150M in a Growth round announced on 24 Jul 2023, led by Generation Investment Management, at a $4.50B post-money valuation. 2 firms took part, 1 of them already investors. It is OneTrust's fourth venture round on record; the one before was a Series C in Dec 2020.
$150M
Amount raised
$4.50B
Post-money valuation
$4.35B pre-money
2
Investors
1 lead
0.9x
Step-up from the Series C
$5.10B in Dec 2020
3.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced OneTrust at $4.50B after the new money, 0.9 times the $5.10B of its Series C (Dec 2020). The $150M bought investors about 3.3% of the company. It came 31 months after OneTrust's Series C. It is 17% of the $860M OneTrust has raised in the venture rounds on record. No later venture round is on record for OneTrust.
OneTrust's funding rounds
OneTrust has 4 venture rounds on record. This one is highlighted.
- Series A 11 Jul 2019, led by Insight Partners $200M$1.30B post-money
- Series B 20 Feb 2020, led by Coatue and Insight Partners $210M$2.70B post-money
- Series C 21 Dec 2020, led by Technology Crossover Ventures $300M$5.10B post-money
- Growth this round 24 Jul 2023, led by Generation Investment Management $150M$4.50B post-money
Investors
Who put money in
Generation Investment Management led the round with 1 other firm. Sands Capital had backed OneTrust before.
Lead investor
- Generation Investment Management new investor
Also in the round
- Sands Capital backs 71 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
344 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 3.1 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 18 Jul 2023 | $100M | not disclosed | Spectrum Equity |
| Tech Companies | 25 Jul 2023 | $60M | $152M | PSG |
| Tech Companies | 5 Jul 2023 | $50M | not disclosed | not named |
| Tech Companies | 12 Jul 2023 | $35M | not disclosed | Riverwood Capital |
| Tech Companies | 18 Jul 2023 | $32M | not disclosed | Mainsail Partners |
| Tech Companies | 29 Jul 2023 | $30M | not disclosed | Bluestone Equity Partners |
| Tech Companies | 19 Jul 2023 | $28M | not disclosed | Blume Equity |
| Tech Companies | 25 Jul 2023 | $26M | not disclosed | Blue Ladder Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did OneTrust raise in its Growth round?
OneTrust raised $150M in its Growth round, announced in Jul 2023.
Who led OneTrust's Growth round?
Generation Investment Management led it, with Sands Capital.
What was OneTrust's valuation at the Growth round?
$4.50B post-money ($4.35B pre-money).
How does it compare with other Growth rounds in Tech Companies?
344 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 3.1 times the median.