Funding round
OneTrust Series B
OneTrust, which works in AI-Driven governance solutions development in Atlanta, raised $210M in a Series B round announced on 20 Feb 2020, led by Coatue and Insight Partners, at a $2.70B post-money valuation. 2 firms took part, 1 of them already investors. It is OneTrust's second venture round on record; the one before was a Series A in Jul 2019.
$210M
Amount raised
$2.70B
Post-money valuation
2
Investors
2 leads
2.1x
Step-up from the Series A
$1.30B in Jul 2019
7.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced OneTrust at $2.70B after the new money, 2.1 times the $1.30B of its Series A (Jul 2019). The $210M bought investors about 7.8% of the company. It came 7 months after OneTrust's Series A. It is 24% of the $860M OneTrust has raised in the venture rounds on record. OneTrust raised again 10 months later: a Series C round of $300M in Dec 2020, at $5.10B post-money.
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 this round 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 24 Jul 2023, led by Generation Investment Management $150M$4.50B post-money
Investors
Who put money in
Coatue and Insight Partners led the round. Insight Partners had backed OneTrust before.
Lead investors
- Coatue backs 229 venture-backed companies new investor
- Insight Partners backs 548 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
559 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $23M, and this round was 9.1 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 18 Feb 2020 | $70M | not disclosed | Vintage Investment Partners |
| Tech Companies | 4 Feb 2020 | $60M | not disclosed | Unbox Capital and Itaú BBA |
| Tech Companies | 20 Feb 2020 | $40M | not disclosed | Andreessen Horowitz |
| Tech Companies | 4 Feb 2020 | $40M | not disclosed | Oak HC/FT |
| Tech Companies | 12 Feb 2020 | $36M | not disclosed | Prime Ventures and TempoCap |
| Tech Companies | 4 Feb 2020 | $36M | not disclosed | Notion Capital |
| Tech Companies | 1 Feb 2020 | $26M | not disclosed | not named |
| Tech Companies | 1 Feb 2020 | $26M | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did OneTrust raise in its Series B round?
OneTrust raised $210M in its Series B round, announced in Feb 2020.
Who led OneTrust's Series B round?
Coatue and Insight Partners led it.
What was OneTrust's valuation at the Series B round?
$2.70B post-money.
How does it compare with other Series B rounds in Tech Companies?
559 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $23M, and this round was 9.1 times the median.
Did OneTrust raise again after this round?
Yes: a Series C round in Dec 2020 of $300M at $5.10B post-money.