Funding round
Quantexa Series C
Quantexa, which works in decision intelligence platform development in London, raised $65M in a Series C round announced on 23 Jul 2020, led by Evolution Equity Partners. 7 firms took part. It is Quantexa's second venture round on record; the one before was a Series A in Mar 2017.
$65M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Quantexa did not disclose a valuation in this round. It came 40 months after Quantexa's Series A. It is 12% of the $525M Quantexa has raised in the venture rounds on record. Quantexa raised again 12 months later: a Series D round of $153M in Jul 2021, at $800M post-money.
Quantexa's funding rounds
Quantexa has 5 venture rounds on record. This one is highlighted.
- Series A 7 Mar 2017, led by AlbionVC and HSBC $3.3M
- Series C this round 23 Jul 2020, led by Evolution Equity Partners $65M
- Series D 13 Jul 2021, led by Warburg Pincus $153M$800M post-money
- Series E 4 Apr 2023, led by GIC $129M$1.80B post-money
- Series F 5 Mar 2025, led by Ontario Teachers’ Pension Plan $175M$2.60B post-money
Investors
Who put money in
Evolution Equity Partners led the round with 6 other firms.
Lead investor
- backs 43 venture-backed companies new investor
Also in the round
- Dawn Capital new investor
- AlbionVC new investor
- HSBC new investor
- British Patient Capital new investor
- ABN AMRO Ventures new investor
- Accenture Ventures new investor
Joined the board: Richard Seewald (Evolution Equity Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, acquisitions and hiring.
- Geographic expansion
- Acquisitions
- Hiring
Comparable rounds
How it compares
352 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 1.3 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Talkdesk Tech Companies | 23 Jul 2020 | $143M | $3.00B | not named |
| Tech Companies | 14 Jul 2020 | $65M | not disclosed | Apax Partners |
| Tech Companies | 28 Jul 2020 | $50M | not disclosed | Ontario Teachers’ Pension Plan |
| Tech Companies | 7 Jul 2020 | $50M | not disclosed | Insight Partners and Vertex Ventures |
| Tech Companies | 15 Jul 2020 | $42M | not disclosed | Neue Capital and coparion |
| Tech Companies | 22 Jul 2020 | $40M | not disclosed | Crédit Mutuel Innovation |
| Tech Companies | 20 Jul 2020 | $37M | not disclosed | Globis Capital Partners |
| Tech Companies | 1 Jul 2020 | $35M | not disclosed | Camber Creek and Polaris Partners |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Quantexa raise in its Series C round?
Quantexa raised $65M in its Series C round, announced in Jul 2020.
Who led Quantexa's Series C round?
Evolution Equity Partners led it, with Dawn Capital, AlbionVC, HSBC, British Patient Capital and ABN AMRO Ventures and 1 more.
What was Quantexa's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
352 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 1.3 times the median.
Did Quantexa raise again after this round?
Yes: a Series D round in Jul 2021 of $153M at $800M post-money.