Funding round
Palm Growth
Reported as "Growth Equity"
Palm, which works in smartphone design and development in San Francisco, raised $325M in a Growth round announced on 4 Jun 2007, led by Elevation Partners. 1 firm took part. It is Palm's first venture round on record.
$325M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Palm did not disclose a valuation in this round. It is 43% of the $756M Palm has raised in the venture rounds on record. Palm raised again 4 months later: a Growth round of $325M in Oct 2007.
Palm's funding rounds
Palm has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Growth this round 4 Jun 2007, led by Elevation Partners $325M
- Growth 24 Oct 2007, led by Elevation Partners $325M
- Private Equity not a venture round 24 Oct 2007, led by Elevation Partners $325M
- Growth 22 Dec 2008, led by Elevation Partners $100M
- Seed 4 Sep 2024, led by Speedinvest and Target Global $6.1M
Investors
Who put money in
Elevation Partners led the round.
Lead investor
- backs 2 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring.
- Hiring
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Clothing Stores | 15 Jun 2007 | $45M | not disclosed | Goldner Hawn |
| Learning, Tutoring & Courses | 9 May 2007 | $14M | not disclosed | Intel Capital |
| Industrial Machinery & Supplies | 8 Aug 2007 | undisclosed | not disclosed | 3i |
| Tech Companies | 28 Mar 2007 | $500M | not disclosed | not named |
| Events Venues | 30 Mar 2007 | $114M | not disclosed | not named |
| Tech Companies | 13 Sep 2007 | $40M | not disclosed | not named |
| Tech Companies | 13 Sep 2007 | $27M | not disclosed | Legg Mason |
| Garbage Collection & Waste Disposal | 23 Feb 2007 | $50M | not disclosed | Lime Rock Partners |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Palm raise in its Growth round?
Palm raised $325M in its Growth round, announced in Jun 2007.
Who led Palm's Growth round?
Elevation Partners led it.
What was Palm's valuation at the Growth round?
It was not disclosed.
Did Palm raise again after this round?
Yes: a Growth round in Oct 2007 of $325M.