Funding round
Salsify Series E
Salsify, which works in product experience management solutions in Boston, raised $155M in a Series E round announced on 23 Sep 2020, led by Warburg Pincus. 5 firms took part. It is Salsify's fourth venture round on record; the one before was a Series D in Aug 2018.
$155M
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 25 months after Salsify's Series D. It is 36% of the $436M Salsify has raised in the venture rounds on record. Salsify raised again 19 months later: a Series F round of $200M in Apr 2022, at $2.00B post-money.
Salsify's funding rounds
Salsify has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Warburg Pincus led the round with 4 other firms.
Lead investor
- Warburg Pincus backs 76 venture-backed companies new investor
Also in the round
- Matrix new investor
- backs 44 venture-backed companies new investor
- Venrock backs 93 venture-backed companies new investor
- Greenspring new 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
93 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $110M, and this round was 1.4 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Patreon Tech Companies | 1 Sep 2020 | $90M | $1.20B | New Enterprise Associates and Wellington Management |
| Tech Companies | 4 Sep 2020 | $82M | not disclosed | HSG |
| ShareChat Tech Companies | 24 Sep 2020 | $40M | not disclosed | not named |
| Tech Companies | 28 Oct 2020 | $340M | $3.30B | NewView Capital and Wellington Management |
| Arctic Wolf Tech Companies | 22 Oct 2020 | $200M | $1.30B | Viking Global |
| Tech Companies | 15 Oct 2020 | $118M | not disclosed | L Catterton and Activant |
| Tech Companies | 6 Oct 2020 | $100M | $1.20B | OMERS Growth Equity |
| Tech Companies | 4 Aug 2020 | $75M | $1.00B | Bessemer Venture Partners |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Salsify raise in its Series E round?
Salsify raised $155M in its Series E round, announced in Sep 2020.
Who led Salsify's Series E round?
Warburg Pincus led it, with Matrix, Underscore VC, Venrock and Greenspring.
What was Salsify's valuation at the Series E round?
It was not disclosed; its last disclosed one was $163M at the Series C (Jan 2017).
How does it compare with other Series E rounds in Tech Companies?
93 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $110M, and this round was 1.4 times the median.
Did Salsify raise again after this round?
Yes: a Series F round in Apr 2022 of $200M at $2.00B post-money.