Funding round
Seismic Series F
Seismic, which works in sales enablement platform development in San Diego, raised $92M in a Series F round announced on 29 Sep 2020, led by Permira, at a $1.60B post-money valuation. 6 firms took part, 4 of them already investors. It is Seismic's sixth venture round on record; the one before was a Growth in Mar 2019.
$92M
Amount raised
$1.60B
Post-money valuation
6
Investors
1 lead
1.6x
Step-up from the Series E
$1.00B in Dec 2018
5.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Seismic at $1.60B after the new money, 1.6 times the $1.00B of its Series E (Dec 2018). The $92M bought investors about 5.8% of the company. It came 18 months after Seismic's Growth. It is 21% of the $441M Seismic has raised in the venture rounds on record. Seismic raised again 11 months later: a Series G round of $170M in Aug 2021, at $3.00B 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 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 this round 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
Permira led the round with 5 other firms. Permira, Jackson Square Ventures, Lightspeed Venture Partners and T. Rowe Price had backed Seismic before.
Lead investor
- backs 21 venture-backed companies existing investor
Also in the round
- Ameriprise Financial new investor
- EDBI backs 67 venture-backed companies new investor
- backs 29 venture-backed companies existing investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- T. Rowe Price existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and acquisitions.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
Comparable rounds
How it compares
30 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $153M, and this round was 60% of the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Olive Tech Companies | 18 Sep 2020 | $106M | not disclosed | General Catalyst and Drive Capital |
| Tech Companies | 25 Aug 2020 | $100M | $1.00B | Bain Capital Ventures and Technology Crossover Ventures |
| Chargebee Tech Companies | 6 Oct 2020 | $55M | $500M | Insight Partners |
| Tech Companies | 14 Jul 2020 | $120M | $1.92B | Salesforce Ventures |
| Tech Companies | 16 Nov 2020 | $110M | $1.50B | Technology Crossover Ventures and Sequoia Capital |
| DataRobot Tech Companies | 9 Dec 2020 | $320M | $2.80B | Altimeter |
| Tech Companies | 10 Jan 2021 | $360M | $2.00B | SoftBank Vision Fund |
| Tech Companies | 1 Jan 2021 | $150M | $1.00B | Goldman Sachs Asset Management |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Seismic raise in its Series F round?
Seismic raised $92M in its Series F round, announced in Sep 2020.
Who led Seismic's Series F round?
Permira led it, with Ameriprise Financial, EDBI, Jackson Square Ventures, Lightspeed Venture Partners and T. Rowe Price.
What was Seismic's valuation at the Series F round?
$1.60B post-money.
How does it compare with other Series F rounds in Tech Companies?
30 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $153M, and this round was 60% of the median.
Did Seismic raise again after this round?
Yes: a Series G round in Aug 2021 of $170M at $3.00B post-money.