Funding round
Quantexa Series E
Quantexa, which works in decision intelligence platform development in London, raised $129M in a Series E round announced on 4 Apr 2023, led by GIC, at a $1.80B post-money valuation. 9 firms took part, 9 of them already investors. It is Quantexa's fourth venture round on record; the one before was a Series D in Jul 2021.
$129M
Amount raised
$1.80B
Post-money valuation
9
Investors
1 lead
2.3x
Step-up from the Series D
$800M in Jul 2021
7.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Quantexa at $1.80B after the new money, 2.3 times the $800M of its Series D (Jul 2021). The $129M bought investors about 7.2% of the company. It came 21 months after Quantexa's Series D. It is 25% of the $525M Quantexa has raised in the venture rounds on record. Quantexa raised again 23 months later: a Series F round of $175M in Mar 2025, at $2.60B 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 23 Jul 2020, led by Evolution Equity Partners $65M
- Series D 13 Jul 2021, led by Warburg Pincus $153M$800M post-money
- Series E this round 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
GIC led the round with 8 other firms. GIC, Warburg Pincus, Dawn Capital and British Patient Capital and 5 more had backed Quantexa before.
Lead investor
- GIC backs 98 venture-backed companies existing investor
Also in the round
- Warburg Pincus backs 76 venture-backed companies existing investor
- Dawn Capital existing investor
- British Patient Capital existing investor
- backs 43 venture-backed companies existing investor
- HSBC existing investor
- BNY Mellon existing investor
- ABN AMRO existing investor
- AlbionVC 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
30 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 1.3 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 13 Apr 2023 | $65M | not disclosed | Dragoneer Investment Group |
| Rippling Tech Companies | 21 Mar 2023 | $500M | $11.25B | Greenoaks |
| Inflection AI Tech Companies | 29 Jun 2023 | $1.30B | $4.00B | Microsoft and Nvidia |
| Tomorrow.io Tech Companies | 14 Jun 2023 | $87M | not disclosed | Activate Capital |
| Tech Companies | 1 Dec 2022 | $60M | $700M | Sofina and Temasek |
| Tech Companies | 7 Dec 2022 | $42M | not disclosed | J.P. Morgan Asset Management’s Sustainable Growth Equity team |
| Tech Companies | 10 Aug 2023 | $30M | not disclosed | Wellington Management and ArcTern Ventures |
| Mapbox Tech Companies | 19 Sep 2023 | $280M | $1.30B | SoftBank Group Corp. |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Quantexa raise in its Series E round?
Quantexa raised $129M in its Series E round, announced in Apr 2023.
Who led Quantexa's Series E round?
GIC led it, with Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners and HSBC and 3 more.
What was Quantexa's valuation at the Series E round?
$1.80B post-money.
How does it compare with other Series E rounds in Tech Companies?
30 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 1.3 times the median.
Did Quantexa raise again after this round?
Yes: a Series F round in Mar 2025 of $175M at $2.60B post-money.