Funding round
Peregrine Series D
Peregrine, which works in data integration platform development in San Francisco, raised $250M in a Series D round announced on 22 Jun 2026, led by Fifth Down Capital, Sequoia Capital, O.G. Venture Partners, Goldcrest Capital, XYZ and Godfrey Capital, at a $6.80B post-money valuation. 6 firms took part, 6 of them already investors. It is Peregrine's third venture round on record; the one before was a Series C in Mar 2025.
$250M
Amount raised
$6.80B
Post-money valuation
6
Investors
6 leads
2.7x
Step-up from the Series C
$2.50B in Mar 2025
3.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Peregrine at $6.80B after the new money, 2.7 times the $2.50B of its Series C (Mar 2025). The $250M bought investors about 3.7% of the company. It came 15 months after Peregrine's Series C. It is 53% of the $470M Peregrine has raised in the venture rounds on record. No later venture round is on record for Peregrine.
Peregrine's funding rounds
Peregrine has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Fifth Down Capital, Sequoia Capital, O.G. Venture Partners, Goldcrest Capital, XYZ and Godfrey Capital led the round. Fifth Down Capital, Sequoia Capital, O.G. Venture Partners and Goldcrest Capital and 2 more had backed Peregrine before.
Lead investors
- backs 15 venture-backed companies existing investor
- Sequoia Capital backs 589 venture-backed companies existing investor
- backs 13 venture-backed companies existing investor
- Goldcrest Capital existing investor
- backs 69 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
5 Series D rounds in Software Development Services within a year either side disclosed an amount; the median was $150M, and this round was 1.7 times the median. The closest in time, other companies' Series D rounds in Software Development Services:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Mistral AI Software Development Services | 8 Sep 2026 | $3.50B | $24.40B | Samsung Venture Investment and Scaleup Europe Fund |
| Decagon Software Development Services | 27 Jan 2026 | $250M | $4.50B | Coatue and Index Ventures |
| Software Development Services | 15 Dec 2025 | $86M | $750M | Georgian and Hedosophia |
| Baseten Software Development Services | 5 Sep 2025 | $150M | $2.15B | BOND |
| Software Development Services | 26 Jun 2025 | $60M | not disclosed | Align Private Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Peregrine raise in its Series D round?
Peregrine raised $250M in its Series D round, announced in Jun 2026.
Who led Peregrine's Series D round?
Fifth Down Capital, Sequoia Capital, O.G. Venture Partners, Goldcrest Capital, XYZ and Godfrey Capital led it.
What was Peregrine's valuation at the Series D round?
$6.80B post-money.
How does it compare with other Series D rounds in Software Development Services?
5 Series D rounds in Software Development Services within a year either side disclosed an amount; the median was $150M, and this round was 1.7 times the median.