Funding round
Plume Series D
Plume, which works in wifi network management services in Palo Alto, raised $85M in a Series D round announced on 26 Feb 2020. 8 firms took part, 2 of them already investors. It is Plume's first venture round on record.
$85M
Amount raised
of which $25M debt
Not disclosed
Post-money valuation
8
Investors
no lead named
Valuation
What this round says about the price
Plume did not disclose a valuation in this round. It is Plume's first venture round on record, 5 years after it was founded in 2015. It is 13% of the $655M Plume has raised in the venture rounds on record. Plume raised again 12 months later: a Series E round of $270M in Feb 2021, at $1.35B post-money.
Investors
Who put money in
8 firms took part; no lead investor was named.
Investors
- Charter Communications new investor
- Qualcomm Ventures backs 140 venture-backed companies new investor
- Belkin new investor
- Service Electric Cablevision new investor
- Liberty Global existing investor
- Shaw Communications existing investor
- Silicon Valley Bank new investor
- backs 11 venture-backed companies new investor
Joined the board: Andrew Ip (Charter Communications).
Comparable rounds
How it compares
128 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 1.4 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 11 Feb 2020 | $50M | not disclosed | not named |
| Tech Companies | 11 Feb 2020 | $40M | not disclosed | Gulf Capital |
| Tech Companies | 13 Feb 2020 | $22M | not disclosed | not named |
| Tech Companies | 19 Mar 2020 | $400M | not disclosed | not named |
| Arctic Wolf Tech Companies | 11 Mar 2020 | $60M | not disclosed | Blue Cloud Ventures and Stereo Capital |
| Tech Companies | 29 Jan 2020 | $50M | not disclosed | Eminence Capital, LP |
| Tech Companies | 2 Mar 2020 | $45M | not disclosed | Arrowroot Capital |
| Tech Companies | 8 Jan 2020 | $42M | not disclosed | Venrock and Highland Capital Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Plume raise in its Series D round?
Plume raised $85M in its Series D round, announced in Feb 2020.
Which investors took part in Plume's Series D round?
Charter Communications, Qualcomm Ventures, Belkin, Service Electric Cablevision, Liberty Global and Shaw Communications and 2 more.
What was Plume's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
128 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 1.4 times the median.
Did Plume raise again after this round?
Yes: a Series E round in Feb 2021 of $270M at $1.35B post-money.