Funding round
Seismic Series G
Seismic, which works in sales enablement platform development in San Diego, raised $170M in a Series G round announced on 16 Aug 2021, led by Permira, at a $3.00B post-money valuation. 6 firms took part. It is Seismic's seventh venture round on record; the one before was a Series F in Sep 2020.
$170M
Amount raised
$3.00B
Post-money valuation
$2.83B pre-money
6
Investors
1 lead
1.9x
Step-up from the Series F
$1.60B in Sep 2020
5.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Seismic at $3.00B after the new money, 1.9 times the $1.60B of its Series F (Sep 2020). The $170M bought investors about 5.7% of the company. It came 11 months after Seismic's Series F. It is 39% of the $441M Seismic has raised in the venture rounds on record. No later venture round is on record for Seismic.
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 29 Sep 2020, led by Permira $92M$1.60B post-money
- Series G this round 16 Aug 2021, led by Permira $170M$3.00B post-money
Investors
Who put money in
Permira led the round with 5 other firms.
Lead investor
- backs 21 venture-backed companies new investor
Also in the round
- backs 49 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- backs 29 venture-backed companies new investor
- Ameriprise new investor
- T. Rowe Price Associates, Inc. new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
11 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $266M, and this round was 64% of the median. The closest in time, other companies' Series G rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Carta Tech Companies | 13 Aug 2021 | $500M | $7.40B | Silver Lake |
| DataRobot Tech Companies | 27 Jul 2021 | $300M | $6.30B | Altimeter and Tiger Global |
| Magic Leap Tech Companies | 11 Oct 2021 | $500M | $2.00B | not named |
| Tech Companies | 2 Jun 2021 | $200M | $4.40B | Premji Invest and STEADFAST Capital Ventures |
| Collibra Tech Companies | 9 Nov 2021 | $250M | $5.25B | Sequoia Capital and Sofina |
| Sysdig Tech Companies | 15 Dec 2021 | $350M | $2.50B | Permira |
| ShareChat Tech Companies | 16 Dec 2021 | $266M | $3.70B | Alkeon |
| Tech Companies | 7 Apr 2021 | $110M | $2.00B | Tiger Global |
Sources
Where this comes from
Reported by 1 source. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Seismic raise in its Series G round?
Seismic raised $170M in its Series G round, announced in Aug 2021.
Who led Seismic's Series G round?
Permira led it, with JMI Equity, Lightspeed Venture Partners, Jackson Square Ventures, Ameriprise and T. Rowe Price Associates, Inc..
What was Seismic's valuation at the Series G round?
$3.00B post-money ($2.83B pre-money).
How does it compare with other Series G rounds in Tech Companies?
11 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $266M, and this round was 64% of the median.