Funding round
Salsify Series F
Salsify, which works in product experience management solutions in Boston, raised $200M in a Series F round announced on 13 Apr 2022, led by TPG, at a $2.00B post-money valuation. 4 firms took part. It is Salsify's fifth venture round on record; the one before was a Series E in Sep 2020.
$200M
Amount raised
$2.00B
Post-money valuation
$1.80B pre-money
4
Investors
1 lead
12x
Step-up from the Series C
$163M in Jan 2017
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Salsify at $2.00B after the new money, 12.3 times the $163M of its Series C (Jan 2017). The $200M bought investors about 10% of the company. It came 19 months after Salsify's Series E. It is 46% of the $436M Salsify has raised in the venture rounds on record. No later venture round is on record for Salsify.
Salsify's funding rounds
Salsify has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
TPG led the round with 3 other firms.
Lead investor
- TPG backs 114 venture-backed companies new investor
Also in the round
- backs 21 venture-backed companies new investor
- Neuberger Berman Funds new investor
- backs 7 venture-backed companies new investor
Joined the board: Arun Agarwal (TPG).
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
38 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was 1.2 times the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Chainalysis Tech Companies | 12 May 2022 | $170M | $8.60B | GIC |
| Motive Tech Companies | 25 May 2022 | $150M | $2.85B | Insight Partners and Kleiner Perkins |
| Bloomreach Tech Companies | 23 Feb 2022 | $175M | $2.20B | Goldman Sachs Asset Management and Goldman Sachs |
| Devo Tech Companies | 2 Jun 2022 | $100M | $2.00B | Eurazeo |
| Tech Companies | 14 Jun 2022 | $83M | $1.10B | Silver Lake Waterman |
| Contentsquare Tech Companies | 21 Jul 2022 | $600M | $5.60B | Sixth Street |
| Highspot Tech Companies | 13 Jan 2022 | $248M | $3.50B | B Capital and D1 Capital Partners |
| Clari Tech Companies | 19 Jan 2022 | $225M | $2.60B | Blackstone |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Salsify raise in its Series F round?
Salsify raised $200M in its Series F round, announced in Apr 2022.
Who led Salsify's Series F round?
TPG led it, with Permira, Neuberger Berman Funds and Cap Table Coalition.
What was Salsify's valuation at the Series F round?
$2.00B post-money ($1.80B pre-money).
How does it compare with other Series F rounds in Tech Companies?
38 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was 1.2 times the median.