Funding round
Seismic Series E
Seismic, which works in sales enablement platform development in San Diego, raised $100M in a Series E round announced on 18 Dec 2018, led by Lightspeed Venture Partners and T. Rowe Price Associates, Inc., at a $1.00B post-money valuation. 5 firms took part, 3 of them already investors. It is Seismic's fourth venture round on record; the one before was a Series C in May 2016.
$100M
Amount raised
$1.00B
Post-money valuation
$900M pre-money
5
Investors
2 leads
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Seismic at $1.00B after the new money. The $100M bought investors about 10% of the company. It came 31 months after Seismic's Series C. It is 23% of the $441M Seismic has raised in the venture rounds on record. Seismic raised again 3 months later: a Growth round of $32M in Mar 2019. Its next priced round, a Series F in Sep 2020, valued it at $1.60B.
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 this round 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
Lightspeed Venture Partners and T. Rowe Price Associates, Inc. led the round with 3 other firms. General Atlantic, JMI Equity and Jackson Square Ventures had backed Seismic before.
Lead investors
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- T. Rowe Price Associates, Inc. new investor
Also in the round
- General Atlantic backs 134 venture-backed companies existing investor
- backs 49 venture-backed companies existing investor
- backs 29 venture-backed companies existing investor
Joined the board: John W. Thompson (Lightspeed Venture Partners).
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
26 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $97M, and this round was close to the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Collibra Tech Companies | 29 Jan 2019 | $100M | $1.00B | CapitalG |
| Neo4j Tech Companies | 1 Nov 2018 | $80M | not disclosed | One Peak and Morgan Stanley |
| Tech Companies | 16 Nov 2018 | $12M | not disclosed | Samsung NEXT |
| Databricks Tech Companies | 5 Feb 2019 | $250M | $2.75B | Andreessen Horowitz |
| Illumio Tech Companies | 7 Feb 2019 | $65M | $1.72B | J.P. Morgan Asset Management |
| Tech Companies | 19 Feb 2019 | $60M | not disclosed | Francisco Partners |
| Tech Companies | 19 Sep 2018 | $37M | not disclosed | Candy Ventures and Qualcomm Ventures |
| Tech Companies | 29 Aug 2018 | $94M | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Seismic raise in its Series E round?
Seismic raised $100M in its Series E round, announced in Dec 2018.
Who led Seismic's Series E round?
Lightspeed Venture Partners and T. Rowe Price Associates, Inc. led it, with General Atlantic, JMI Equity and Jackson Square Ventures.
What was Seismic's valuation at the Series E round?
$1.00B post-money ($900M pre-money).
How does it compare with other Series E rounds in Tech Companies?
26 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $97M, and this round was close to the median.
Did Seismic raise again after this round?
Yes: a Growth round in Mar 2019 of $32M.