Funding round
ShareChat Series H+
Reported as "Series H"
ShareChat, which works in social networking platform development in Bengaluru, raised $255M in a Series H+ round announced on 16 Jun 2022, led by GV, at a $5.00B post-money valuation. 2 firms took part. It is ShareChat's tenth venture round on record; the one before was a Series G in Dec 2021.
$255M
Amount raised
$5.00B
Post-money valuation
$4.75B pre-money
2
Investors
1 lead
1.4x
Step-up from the Series G
$3.70B in Dec 2021
5.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ShareChat at $5.00B after the new money, 1.4 times the $3.70B of its Series G (Dec 2021). The $255M bought investors about 5.1% of the company. It came 6 months after ShareChat's Series G. It is 17% of the $1.53B ShareChat has raised in the venture rounds on record. No later venture round is on record for ShareChat.
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 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+ this round 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
GV led the round with 1 other firm.
Comparable rounds
How it compares
11 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $450M, and this round was 57% of the median. The closest in time, other companies' Series H+ rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 15 Jun 2022 | $5.2M | not disclosed | Statkraft Ventures and Breed Reply |
| Tech Companies | 31 May 2022 | $4.3M | not disclosed | Catalyst Romania |
| DailyHunt Tech Companies | 5 Apr 2022 | $805M | $5.00B | CPP Investments |
| VerSe Tech Companies | 30 Apr 2022 | $563M | not disclosed | not named |
| Tech Companies | 8 Mar 2022 | $200M | $600M | Blackstone |
| Tech Companies | 10 Nov 2022 | $14M | $1.30B | not named |
| Discord Tech Companies | 9 Sep 2021 | $500M | $15.00B | Dragoneer Investment Group |
| Databricks Tech Companies | 31 Aug 2021 | $1.60B | $38.00B | Morgan Stanley |
Sources
Where this comes from
Reported by 2 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 H+ round?
ShareChat raised $255M in its Series H+ round, announced in Jun 2022.
Who led ShareChat's Series H+ round?
GV led it, with Temasek.
What was ShareChat's valuation at the Series H+ round?
$5.00B post-money ($4.75B pre-money).
How does it compare with other Series H+ rounds in Tech Companies?
11 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $450M, and this round was 57% of the median.