Funding round
ShareChat Series F
ShareChat, which works in social networking platform development in Bengaluru, raised $145M in a Series F round announced on 27 Jul 2021, led by Temasek, Moore Strategic Ventures and Mirae Asset-Naver Asia Growth Fund, at a $2.88B post-money valuation. 4 firms took part. It is ShareChat's eighth venture round on record; the one before was a Growth in Apr 2021.
$145M
Amount raised
$2.88B
Post-money valuation
$2.73B pre-money
4
Investors
3 leads
1.4x
Step-up from the Growth
$2.10B in Apr 2021
5.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ShareChat at $2.88B after the new money, 1.4 times the $2.10B of its Growth (Apr 2021). The $145M bought investors about 5.0% of the company. It came 3 months after ShareChat's Growth. It is 9.5% of the $1.53B ShareChat has raised in the venture rounds on record. ShareChat raised again 5 months later: a Series G round of $266M in Dec 2021, at $3.70B 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 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 this round 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
Temasek, Moore Strategic Ventures and Mirae Asset-Naver Asia Growth Fund led the round with 1 other firm.
Lead investors
- Temasek backs 195 venture-backed companies new investor
- Moore Strategic Ventures new investor
- Mirae Asset-Naver Asia Growth Fund new investor
Also in the round
- Mirae-Naver Asia Growth Fund
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
47 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was 85% of the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 28 Jul 2021 | $175M | $3.00B | Tiger Global |
| Arctic Wolf Tech Companies | 13 Jul 2021 | $150M | $4.30B | Viking Global and Blue Owl Capital |
| Tech Companies | 27 Jul 2021 | $150M | $2.60B | B Capital |
| Tech Companies | 29 Jul 2021 | $100M | $1.50B | TDM Growth Partners and HSG |
| Neo4j Tech Companies | 17 Jun 2021 | $325M | $2.00B | Eurazeo |
| Illumio Tech Companies | 24 Jun 2021 | $225M | $2.75B | Thoma Bravo |
| Tech Companies | 1 Jun 2021 | $200M | $2.40B | Blue Owl Capital |
| Patreon Tech Companies | 26 Aug 2021 | $155M | $4.00B | not named |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did ShareChat raise in its Series F round?
ShareChat raised $145M in its Series F round, announced in Jul 2021.
Who led ShareChat's Series F round?
Temasek, Moore Strategic Ventures and Mirae Asset-Naver Asia Growth Fund led it, with Mirae-Naver Asia Growth Fund.
What was ShareChat's valuation at the Series F round?
$2.88B post-money ($2.73B pre-money).
How does it compare with other Series F rounds in Tech Companies?
47 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was 85% of the median.
Did ShareChat raise again after this round?
Yes: a Series G round in Dec 2021 of $266M at $3.70B post-money.