Funding round
Peregrine Series C
Peregrine, which works in data integration platform development in San Francisco, raised $190M in a Series C round announced on 4 Mar 2025, led by Sequoia Capital, at a $2.50B post-money valuation. 6 firms took part, 5 of them already investors. It is Peregrine's second venture round on record; the one before was a Series B in May 2024.
$190M
Amount raised
$2.50B
Post-money valuation
$2.31B pre-money
6
Investors
1 lead
7.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Peregrine at $2.50B after the new money. The $190M bought investors about 7.6% of the company. It came 10 months after Peregrine's Series B. It is 40% of the $470M Peregrine has raised in the venture rounds on record. Peregrine raised again 15 months later: a Series D round of $250M in Jun 2026, at $6.80B post-money.
Peregrine's funding rounds
Peregrine has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Sequoia Capital led the round with 5 other firms. Goldcrest Capital, Friends & Family Capital, Fifth Down Capital and O.G. Venture Partners and 1 more had backed Peregrine before.
Lead investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- Goldcrest Capital existing investor
- backs 28 venture-backed companies existing investor
- backs 15 venture-backed companies existing investor
- backs 13 venture-backed companies existing investor
- Godfrey Capital existing 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 and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
14 Series C rounds in Software Development Services within a year either side disclosed an amount; the median was $73M, and this round was 2.6 times the median. The closest in time, other companies' Series C rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Software Development Services | 18 Feb 2025 | $75M | not disclosed | Point72 Ventures |
| Software Development Services | 1 May 2025 | $60M | not disclosed | Robert Bosch Venture Capital and MTR Lab |
| Decagon Software Development Services | 22 Jun 2025 | $131M | $1.50B | Accel and Andreessen Horowitz |
| Software Development Services | 23 Oct 2024 | $52M | not disclosed | Andreessen Horowitz |
| Software Development Services | 22 Oct 2024 | $10M | not disclosed | Hyundai Motor Group and Doosan Investments |
| Mistral AI Software Development Services | 9 Sep 2025 | $2.00B | $13.80B | ASML Holding NV |
| Software Development Services | 3 Sep 2025 | $100M | $1.50B | Cox Enterprises |
| Software Development Services | 13 Sep 2024 | $70M | not disclosed | Salesforce Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Peregrine raise in its Series C round?
Peregrine raised $190M in its Series C round, announced in Mar 2025.
Who led Peregrine's Series C round?
Sequoia Capital led it, with Goldcrest Capital, Friends & Family Capital, Fifth Down Capital, O.G. Venture Partners and Godfrey Capital.
What was Peregrine's valuation at the Series C round?
$2.50B post-money ($2.31B pre-money).
How does it compare with other Series C rounds in Software Development Services?
14 Series C rounds in Software Development Services within a year either side disclosed an amount; the median was $73M, and this round was 2.6 times the median.
Did Peregrine raise again after this round?
Yes: a Series D round in Jun 2026 of $250M at $6.80B post-money.