Funding round
Salsify Series D
Salsify, which works in product experience management solutions in Boston, raised $43M in a Series D round announced on 7 Aug 2018, led by Greenspring Associates. 5 firms took part, 5 of them already investors. It is Salsify's third venture round on record; the one before was a Series C in Jan 2017.
$43M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Salsify did not disclose a valuation in this round; its last disclosed one was $163M at the Series C (Jan 2017). It came 19 months after Salsify's Series C. It is 9.9% of the $436M Salsify has raised in the venture rounds on record. Salsify raised again 25 months later: a Series E round of $155M in Sep 2020. Its next priced round, a Series F in Apr 2022, valued it at $2.00B.
Salsify's funding rounds
Salsify has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Greenspring Associates led the round with 4 other firms. Greenspring Associates, Matrix, Venrock and Underscore VC and 1 more had backed Salsify before.
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
100 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 86% of the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 23 Aug 2018 | $93M | not disclosed | Georgian |
| Tech Companies | 14 Aug 2018 | $50M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 8 Aug 2018 | $32M | not disclosed | Viola Group |
| Branch Tech Companies | 7 Sep 2018 | $129M | $1.00B | not named |
| Tech Companies | 18 Jul 2018 | $100M | not disclosed | TPG |
| Tech Companies | 19 Jul 2018 | $100M | not disclosed | TPG |
| Tech Companies | 6 Sep 2018 | $100M | $750M | Tencent |
| Sysdig Tech Companies | 12 Sep 2018 | $69M | not disclosed | Insight Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Salsify raise in its Series D round?
Salsify raised $43M in its Series D round, announced in Aug 2018.
Who led Salsify's Series D round?
Greenspring Associates led it, with Matrix, Venrock, Underscore VC and North Bridge Venture Partners.
What was Salsify's valuation at the Series D round?
It was not disclosed; its last disclosed one was $163M at the Series C (Jan 2017).
How does it compare with other Series D rounds in Tech Companies?
100 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 86% of the median.
Did Salsify raise again after this round?
Yes: a Series E round in Sep 2020 of $155M.