Funding round
OneTrust Series C
OneTrust, which works in AI-Driven governance solutions development in Atlanta, raised $300M in a Series C round announced on 21 Dec 2020, led by Technology Crossover Ventures, at a $5.10B post-money valuation. 3 firms took part. It is OneTrust's third venture round on record; the one before was a Series B in Feb 2020.
$300M
Amount raised
$5.10B
Post-money valuation
3
Investors
1 lead
1.9x
Step-up from the Series B
$2.70B in Feb 2020
5.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced OneTrust at $5.10B after the new money, 1.9 times the $2.70B of its Series B (Feb 2020). The $300M bought investors about 5.9% of the company. It came 10 months after OneTrust's Series B. It is 35% of the $860M OneTrust has raised in the venture rounds on record. OneTrust raised again 31 months later: a Growth round of $150M in Jul 2023, at $4.50B 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 20 Feb 2020, led by Coatue and Insight Partners $210M$2.70B post-money
- Series C this round 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
Technology Crossover Ventures led the round with 2 other firms.
Lead investor
- Technology Crossover Ventures backs 86 venture-backed companies new investor
Also in the round
- Insight Partners backs 548 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
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, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
435 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $55M, and this round was 5.5 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 22 Dec 2020 | $265M | not disclosed | Hillhouse |
| Tech Companies | 8 Dec 2020 | $135M | not disclosed | Intel Capital |
| Tech Companies | 8 Dec 2020 | $110M | not disclosed | National Grid Partners and Koch Disruptive Technologies |
| Tech Companies | 2 Dec 2020 | $81M | $681M | Goldman Sachs Growth |
| Fetch Tech Companies | 7 Dec 2020 | $80M | not disclosed | ICONIQ Growth |
| Tech Companies | 8 Dec 2020 | $75M | $2.00B | Lightspeed Venture Partners |
| Tech Companies | 16 Dec 2020 | $70M | not disclosed | not named |
| Tech Companies | 15 Dec 2020 | $60M | not disclosed | Matrix Capital Management |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did OneTrust raise in its Series C round?
OneTrust raised $300M in its Series C round, announced in Dec 2020.
Who led OneTrust's Series C round?
Technology Crossover Ventures led it, with Insight Partners and Coatue.
What was OneTrust's valuation at the Series C round?
$5.10B post-money.
How does it compare with other Series C rounds in Tech Companies?
435 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $55M, and this round was 5.5 times the median.
Did OneTrust raise again after this round?
Yes: a Growth round in Jul 2023 of $150M at $4.50B post-money.