Funding round
Seismic Series C
Seismic, which works in sales enablement platform development in San Diego, raised $40M in a Series C round announced on 25 May 2016, led by General Atlantic. 3 firms took part. It is Seismic's third venture round on record; the one before was a Series A in Mar 2016.
$40M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Seismic did not disclose a valuation in this round. It came 2 months after Seismic's Series A. It is 9.1% of the $441M Seismic has raised in the venture rounds on record. Seismic raised again 31 months later: a Series E round of $100M in Dec 2018, at $1.00B 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 this round 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 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
General Atlantic led the round with 2 other firms.
Lead investor
- General Atlantic backs 134 venture-backed companies new investor
Also in the round
- backs 49 venture-backed companies new investor
- backs 29 venture-backed companies new investor
Joined the board: Gary Reiner (General Atlantic).
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
113 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $27M, and this round was 1.5 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 19 May 2016 | $50M | not disclosed | Insight Partners |
| ThoughtSpot Tech Companies | 19 May 2016 | $50M | not disclosed | General Catalyst |
| Tech Companies | 25 May 2016 | $23M | not disclosed | TransUnion |
| Tech Companies | 26 May 2016 | $20M | not disclosed | Intel Capital |
| Tech Companies | 24 May 2016 | $20M | not disclosed | Energy Impact Partners and Envision Ventures |
| Tech Companies | 10 May 2016 | $20M | not disclosed | BlueCross BlueShield Venture Partners (BCBSVP) |
| Tech Companies | 5 May 2016 | $16M | not disclosed | S3 Ventures |
| Tech Companies | 18 May 2016 | $12M | not disclosed | Grotech Ventures and WP Global Partners |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Seismic raise in its Series C round?
Seismic raised $40M in its Series C round, announced in May 2016.
Who led Seismic's Series C round?
General Atlantic led it, with JMI Equity and Jackson Square Ventures.
What was Seismic's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
113 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $27M, and this round was 1.5 times the median.
Did Seismic raise again after this round?
Yes: a Series E round in Dec 2018 of $100M at $1.00B post-money.