Funding round
ShareChat Series D
ShareChat, which works in social networking platform development in Bengaluru, raised $100M in a Series D round announced on 15 Aug 2019, led by Twitter, at a $650M post-money valuation. 7 firms took part, 6 of them already investors. It is ShareChat's fifth venture round on record; the one before was a Series C in Sep 2018.
$100M
Amount raised
$650M
Post-money valuation
$550M pre-money
7
Investors
1 lead
1.4x
Step-up from the Series C
$460M in Sep 2018
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ShareChat at $650M after the new money, 1.4 times the $460M of its Series C (Sep 2018). The $100M bought investors about 15% of the company. It came 11 months after ShareChat's Series C. It is 6.5% of the $1.53B ShareChat has raised in the venture rounds on record. ShareChat raised again 13 months later: a Series E round of $40M in Sep 2020. Its next priced round, a Growth in Apr 2021, valued it at $2.10B.
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 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 this round 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
Twitter led the round with 6 other firms. Twitter, Shunwei Capital, Lightspeed Venture Partners and SAIF Partners and 2 more had backed ShareChat before.
Lead investor
- Twitter existing investor
Also in the round
- TrustBridge Partners new investor
- backs 36 venture-backed companies existing investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- backs 31 venture-backed companies existing investor
- backs 44 venture-backed companies existing investor
- Morningside Venture Capital existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
109 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 2.0 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 20 Aug 2019 | $73M | not disclosed | Goldman Sachs and Ping An Global Voyager Fund |
| Tech Companies | 22 Aug 2019 | $50M | not disclosed | Macquarie |
| Chargebee Tech Companies | 28 Aug 2019 | $14M | not disclosed | Steadview Capital |
| Automattic Tech Companies | 19 Sep 2019 | $300M | $3.00B | Salesforce Ventures |
| Clio Tech Companies | 4 Sep 2019 | $250M | not disclosed | Technology Crossover Ventures and JMI Equity |
| Gusto Tech Companies | 24 Jul 2019 | $200M | $3.80B | Fidelity Management & Research and Generation Investment Management |
| Rebel Foods Tech Companies | 23 Sep 2019 | $125M | $525M | Sequoia Capital and Sequoia Capital India |
| Trax Tech Companies | 23 Jul 2019 | $100M | $1.10B | HOPU Investments |
Sources
Where this comes from
Reported by 8 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did ShareChat raise in its Series D round?
ShareChat raised $100M in its Series D round, announced in Aug 2019.
Who led ShareChat's Series D round?
Twitter led it, with TrustBridge Partners, Shunwei Capital, Lightspeed Venture Partners, SAIF Partners and IndiaQuotient and 1 more.
What was ShareChat's valuation at the Series D round?
$650M post-money ($550M pre-money).
How does it compare with other Series D rounds in Tech Companies?
109 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 2.0 times the median.
Did ShareChat raise again after this round?
Yes: a Series E round in Sep 2020 of $40M.