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 24 Oct 2007, led by Elevation Partners. 1 firm took part. It is Palm's second venture round on record; the one before was a Growth in Jun 2007.
$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 came 4 months after Palm's Growth. It is 43% of the $756M Palm has raised in the venture rounds on record. Palm raised again 14 months later: a Growth round of $100M in Dec 2008.
Palm's funding rounds
Palm has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Growth 4 Jun 2007, led by Elevation Partners $325M
- Growth this round 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
Joined the board: Jon Rubinstein, Fred Anderson (Elevation Partners) and Roger McNamee (Elevation Partners).
Comparable rounds
How it compares
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Banks & ATMs | 20 Nov 2007 | $1.80B | not disclosed | J.C. Flowers & Co. |
| Tech Companies | 13 Sep 2007 | $40M | not disclosed | not named |
| Tech Companies | 13 Sep 2007 | $27M | not disclosed | Legg Mason |
| Industrial Machinery & Supplies | 8 Aug 2007 | undisclosed | not disclosed | 3i |
| Elementary Schools | 1 Jan 2008 | undisclosed | not disclosed | not named |
| Clothing Stores | 15 Jun 2007 | $45M | not disclosed | Goldner Hawn |
| Electronical Components Manufacturing | 17 Mar 2008 | $72M | not disclosed | Braemar Energy Ventures |
| Learning, Tutoring & Courses | 9 May 2007 | $14M | not disclosed | Intel Capital |
Sources
Where this comes from
Reported by 2 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 Oct 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 Dec 2008 of $100M.