Funding round
RapidSOS Growth
Reported as "Growth Equity"
RapidSOS, which works in emergency safety platform development in New York, raised $75M in a Growth round announced on 25 Oct 2022, led by NightDragon. 12 firms took part. It is RapidSOS' fifth venture round on record; the one before was a Series C in Feb 2021.
$75M
Amount raised
Not disclosed
Post-money valuation
12
Investors
1 lead
Valuation
What this round says about the price
RapidSOS did not disclose a valuation in this round. It came 20 months after RapidSOS' Series C. It is 16% of the $470M RapidSOS has raised in the venture rounds on record. RapidSOS raised again 17 months later: a Growth round of $150M in Mar 2024. 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 10 Jun 2020, led by Transformation Capital $21M
- Series C 9 Feb 2021, led by Insight Partners $85M
- Growth this round 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
NightDragon led the round with 11 other firms.
Lead investor
- backs 21 venture-backed companies new investor
Also in the round
- BAM Elevate new investor
- Insight Partners backs 548 venture-backed companies new investor
- Honeywell new investor
- M12 backs 141 venture-backed companies new investor
- backs 33 venture-backed companies new investor
- Citi via the Citi Impact Fund new investor
- Highland Capital Partners new investor
- backs 51 venture-backed companies new investor
- backs 11 venture-backed companies new investor
- backs 11 venture-backed companies new investor
- backs 14 venture-backed companies new investor
Joined the board: Dave DeWalt (NightDragon).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
385 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 1.5 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| NetSPI Tech Companies | 5 Oct 2022 | $410M | not disclosed | KKR |
| Automation Anywhere Tech Companies | 3 Oct 2022 | $200M | not disclosed | not named |
| Tech Companies | 21 Oct 2022 | $200M | not disclosed | not named |
| Tech Companies | 12 Oct 2022 | $66M | not disclosed | Ten Eleven |
| Tech Companies | 18 Oct 2022 | $56M | not disclosed | not named |
| Tech Companies | 12 Oct 2022 | $43M | not disclosed | Jolt Capital |
| Tech Companies | 24 Oct 2022 | $40M | not disclosed | not named |
| Tech Companies | 24 Oct 2022 | $33M | not disclosed | Battery Ventures |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did RapidSOS raise in its Growth round?
RapidSOS raised $75M in its Growth round, announced in Oct 2022.
Who led RapidSOS' Growth round?
NightDragon led it, with BAM Elevate, Insight Partners, Honeywell, M12 and Axon Partners Group and 6 more.
What was RapidSOS' valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
385 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 1.5 times the median.
Did RapidSOS raise again after this round?
Yes: a Growth round in Mar 2024 of $150M.