Funding round
ShareChat Series B
ShareChat, which works in social networking platform development in Bengaluru, raised $18M in a Series B round announced on 18 Jan 2018, led by Xiaomi and Shunwei Capital, at a $67M post-money valuation. 6 firms took part. It is ShareChat's second venture round on record; the one before was a Series A in Nov 2016.
$18M
Amount raised
$67M
Post-money valuation
$49M pre-money
6
Investors
2 leads
27%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ShareChat at $67M after the new money. The $18M bought investors about 27% of the company. It came 14 months after ShareChat's Series A. It is 1.2% of the $1.53B ShareChat has raised in the venture rounds on record. ShareChat raised again 5 months later: a Growth round of $100M in Jun 2018, at $400M post-money.
ShareChat's funding rounds
ShareChat has 10 venture rounds on record and 3 other deals. This one is highlighted.
- Series A 24 Nov 2016, led by Lightspeed Venture Partners $4.0M
- Series B this round 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
Xiaomi and Shunwei Capital led the round with 4 other firms.
Lead investors
- Xiaomi new investor
- backs 36 venture-backed companies new investor
Also in the round
- backs 31 venture-backed companies new investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- backs 44 venture-backed companies new investor
- Venture Highway new investor
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
432 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $17M, and this round was close to the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Hive Box Tech Companies | 1 Jan 2018 | $323M | not disclosed | not named |
| Tech Companies | 18 Jan 2018 | $75M | not disclosed | Molten Ventures |
| Tech Companies | 24 Jan 2018 | $66M | not disclosed | Sequoia Capital |
| Tech Companies | 12 Jan 2018 | $43M | not disclosed | Susquehanna Growth Equity |
| Contentsquare Tech Companies | 29 Jan 2018 | $42M | not disclosed | Canaan and Highland Europe |
| Tech Companies | 1 Jan 2018 | $37M | not disclosed | Battery Ventures |
| Tech Companies | 29 Jan 2018 | $28M | not disclosed | Insight Partners |
| Tech Companies | 29 Jan 2018 | $25M | not disclosed | GV |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did ShareChat raise in its Series B round?
ShareChat raised $18M in its Series B round, announced in Jan 2018.
Who led ShareChat's Series B round?
Xiaomi and Shunwei Capital led it, with SAIF Partners, Lightspeed Venture Partners, IndiaQuotient and Venture Highway.
What was ShareChat's valuation at the Series B round?
$67M post-money ($49M pre-money).
How does it compare with other Series B rounds in Tech Companies?
432 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $17M, and this round was close to the median.
Did ShareChat raise again after this round?
Yes: a Growth round in Jun 2018 of $100M at $400M post-money.