Funding round
Seismic Growth
Reported as "Growth Equity"
Seismic, which works in sales enablement platform development in San Diego, raised $32M in a Growth round announced on 14 Mar 2019. 4 firms took part, 3 of them already investors. It is Seismic's fifth venture round on record; the one before was a Series E in Dec 2018.
$32M
Amount raised
Not disclosed
Post-money valuation
4
Investors
no lead named
Valuation
What this round says about the price
Seismic did not disclose a valuation in this round; its last disclosed one was $1.00B at the Series E (Dec 2018). It came 3 months after Seismic's Series E. It is 7.3% of the $441M Seismic has raised in the venture rounds on record. Seismic raised again 18 months later: a Series F round of $92M in Sep 2020, at $1.60B post-money.
Seismic's funding rounds
Seismic has 7 venture rounds on record. This one is highlighted.
- Seed 1 Dec 2011 $2.0M
- Series A 29 Mar 2016, led by OpenView $5.0M
- Series C 25 May 2016, led by General Atlantic $40M
- Series E 18 Dec 2018, led by Lightspeed Venture Partners and T. Rowe Price Associates, Inc. $100M$1.00B post-money
- Growth this round 14 Mar 2019 $32M
- Series F 29 Sep 2020, led by Permira $92M$1.60B post-money
- Series G 16 Aug 2021, led by Permira $170M$3.00B post-money
Investors
Who put money in
4 firms took part; no lead investor was named.
Investors
- GGV Capital existing investor
- Sequoia Capital backs 589 venture-backed companies existing investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- backs 3 venture-backed companies 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
226 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 71% of the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Doctolib Tech Companies | 20 Mar 2019 | $170M | $1.13B | General Atlantic |
| Tech Companies | 27 Mar 2019 | $50M | not disclosed | Great Hill Partners |
| Tech Companies | 26 Mar 2019 | $50M | $380M | not named |
| Tech Companies | 4 Mar 2019 | $47M | not disclosed | Warburg Pincus |
| Tech Companies | 20 Mar 2019 | $45M | not disclosed | JPMorgan Chase & Co. |
| Tech Companies | 14 Mar 2019 | $41M | not disclosed | Aldrich Capital Partners |
| Tech Companies | 25 Mar 2019 | $40M | not disclosed | Perceptive Advisors |
| Tech Companies | 7 Mar 2019 | $34M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Seismic raise in its Growth round?
Seismic raised $32M in its Growth round, announced in Mar 2019.
Which investors took part in Seismic's Growth round?
GGV Capital, Sequoia Capital, Lightspeed Venture Partners and Capital IP.
What was Seismic's valuation at the Growth round?
It was not disclosed; its last disclosed one was $1.00B at the Series E (Dec 2018).
How does it compare with other Growth rounds in Tech Companies?
226 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 71% of the median.
Did Seismic raise again after this round?
Yes: a Series F round in Sep 2020 of $92M at $1.60B post-money.