Funding round
RapidSOS Growth
Reported as "Growth Equity"
RapidSOS, which works in emergency safety platform development in New York, raised $21M in a Growth round announced on 10 Jun 2020, led by Transformation Capital. 3 firms took part. It is RapidSOS' third venture round on record; the one before was a Series B in Oct 2019.
$21M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
RapidSOS did not disclose a valuation in this round. It came 8 months after RapidSOS' Series B. It is 4.5% of the $470M RapidSOS has raised in the venture rounds on record. RapidSOS raised again 8 months later: a Series C round of $85M in Feb 2021. Its next priced round, a Series D in Nov 2025, valued it at $1.00B.
RapidSOS' funding rounds
RapidSOS has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 25 Apr 2017, led by Highland Capital Partners $14M
- Other not a venture round 19 Apr 2018, led by Highland Capital Partners $16M
- Series B 8 Oct 2019, led by Energy Impact Partners $25M
- Growth this round 10 Jun 2020, led by Transformation Capital $21M
- Series C 9 Feb 2021, led by Insight Partners $85M
- Growth 25 Oct 2022, led by NightDragon $75M
- Growth 5 Mar 2024, led by BlackRock $150M
- Series D 19 Nov 2025 $100M$1.00B post-money
Investors
Who put money in
Transformation Capital led the round with 2 other firms.
Lead investor
- backs 41 venture-backed companies new investor
Also in the round
- backs 11 venture-backed companies new investor
- Laerdal Million Lives Fund new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
282 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $47M, and this round was 44% of the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 26 Jun 2020 | $88M | not disclosed | not named |
| Canva Tech Companies | 22 Jun 2020 | $60M | $6.00B | Blackbird and HSG |
| Tech Companies | 9 Jun 2020 | $49M | not disclosed | Silversmith Capital Partners |
| Tech Companies | 29 Jun 2020 | $48M | not disclosed | KKR |
| Tech Companies | 29 Jun 2020 | $35M | not disclosed | FTV Management Company |
| Tech Companies | 18 Jun 2020 | $33M | not disclosed | not named |
| Tech Companies | 10 Jun 2020 | $30M | not disclosed | Francisco Partners |
| Tech Companies | 10 Jun 2020 | $28M | $1.40B | not named |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did RapidSOS raise in its Growth round?
RapidSOS raised $21M in its Growth round, announced in Jun 2020.
Who led RapidSOS' Growth round?
Transformation Capital led it, with C5 Capital and Laerdal Million Lives Fund.
What was RapidSOS' valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
282 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $47M, and this round was 44% of the median.
Did RapidSOS raise again after this round?
Yes: a Series C round in Feb 2021 of $85M.