Funding round
ShareChat Series A
ShareChat, which works in social networking platform development in Bengaluru, raised $4.0M in a Series A round announced on 24 Nov 2016, led by Lightspeed Venture Partners and Lightspeed Venture Partners. 5 firms took part, 2 of them already investors. It is ShareChat's first venture round on record.
$4.0M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
ShareChat did not disclose a valuation in this round. It is ShareChat's first venture round on record, 1 year after it was founded in 2015. It is under 1% of the $1.53B ShareChat has raised in the venture rounds on record. ShareChat raised again 14 months later: a Series B round of $18M in Jan 2018, at $67M post-money.
ShareChat's funding rounds
ShareChat has 10 venture rounds on record and 3 other deals. This one is highlighted.
- Series A this round 24 Nov 2016, led by Lightspeed Venture Partners $4.0M
- Series B 18 Jan 2018, led by Xiaomi and Shunwei Capital $18M$67M post-money
- Growth 5 Jun 2018, led by Shunwei Capital and Xiaomi $100M$400M post-money
- Series C 19 Sep 2018, led by Shunwei Capital $99M$460M post-money
- Series D 15 Aug 2019, led by Twitter $100M$650M post-money
- Debt not a venture round 1 Jan 2020 $60M
- Series E 24 Sep 2020 $40M
- Growth 8 Apr 2021 $502M$2.10B post-money
- Series F 27 Jul 2021, led by Temasek, Moore Strategic Ventures and Mirae Asset-Naver Asia Growth Fund $145M$2.88B post-money
- Series G 16 Dec 2021, led by Alkeon $266M$3.70B post-money
- Series H+ 16 Jun 2022, led by GV $255M$5.00B post-money
- Debt not a venture round 15 Apr 2024 $49M
- Debt not a venture round 5 Aug 2024, led by EDBI $16M
Investors
Who put money in
Lightspeed Venture Partners and Lightspeed Venture Partners led the round with 3 other firms. SAIF Partners and IndiaQuotient had backed ShareChat before.
Lead investors
- backs 36 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies
Also in the round
- backs 31 venture-backed companies existing investor
- backs 44 venture-backed companies existing investor
- Venture Highway 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
541 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.0M, and this round was 57% of the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Zwift Tech Companies | 16 Nov 2016 | $27M | not disclosed | Novator Partners and Novotor |
| Tech Companies | 30 Nov 2016 | $22M | not disclosed | Drive Capital |
| Tech Companies | 18 Nov 2016 | $20M | not disclosed | WisdomTree |
| Tech Companies | 3 Nov 2016 | $16M | not disclosed | Goldman Sachs and Pivot Investment Partners |
| Tech Companies | 15 Nov 2016 | $15M | not disclosed | not named |
| Tech Companies | 9 Nov 2016 | $14M | not disclosed | Formation 8 |
| Tech Companies | 16 Nov 2016 | $13M | not disclosed | Mayfield and Norwest |
| Tech Companies | 3 Nov 2016 | $12M | not disclosed | Shasta Ventures |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did ShareChat raise in its Series A round?
ShareChat raised $4.0M in its Series A round, announced in Nov 2016.
Who led ShareChat's Series A round?
Lightspeed Venture Partners and Lightspeed Venture Partners led it, with SAIF Partners, IndiaQuotient and Venture Highway.
What was ShareChat's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
541 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.0M, and this round was 57% of the median.
Did ShareChat raise again after this round?
Yes: a Series B round in Jan 2018 of $18M at $67M post-money.