Funding round
Palm Growth
Reported as "Growth Equity"
Palm, which works in smartphone design and development in San Francisco, raised $100M in a Growth round announced on 22 Dec 2008, led by Elevation Partners. 1 firm took part, 1 of them already investors. It is Palm's third venture round on record; the one before was a Growth in Oct 2007.
$100M
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 14 months after Palm's Growth. It is 13% of the $756M Palm has raised in the venture rounds on record. Palm raised again 189 months later: a Seed round of $6.1M in Sep 2024.
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 24 Oct 2007, led by Elevation Partners $325M
- Private Equity not a venture round 24 Oct 2007, led by Elevation Partners $325M
- Growth this round 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. Elevation Partners had backed Palm before.
Lead investor
- backs 2 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
The closest in time: Growth rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Real Estate Rental | 11 Nov 2008 | $250M | not disclosed | Technology Crossover Ventures |
| Video Games - Development & Publishing | 12 Sep 2008 | $83M | not disclosed | Balderton Capital and General Catalyst |
| Real Estate - Agents & Managers | 30 Mar 2009 | $50M | not disclosed | Calera Capital |
| Investment Consultants & Financial Advisors | 19 Mar 2009 | undisclosed | not disclosed | not named |
| Tech Companies | 31 Aug 2008 | $30M | $250M | not named |
| Dry Cleaners | 1 Aug 2008 | undisclosed | not disclosed | not named |
| Building Material Manufacturers | 1 Jul 2008 | $43M | not disclosed | not named |
| Golf Courses & Country Clubs | 31 May 2009 | undisclosed | not disclosed | not named |
Sources
Where this comes from
Reported by 3 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 $100M in its Growth round, announced in Dec 2008.
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 Seed round in Sep 2024 of $6.1M.