Funding round
Sila Nanotechnologies Series E
Sila Nanotechnologies, which works in battery materials research and development in Alameda, raised $170M in a Series E round announced on 17 Apr 2019, led by Daimler AG, at a $1.00B post-money valuation. 7 firms took part, 6 of them already investors. It is Sila Nanotechnologies' second venture round on record; the one before was a Series D in Aug 2018.
$170M
Amount raised
$1.00B
Post-money valuation
$830M pre-money
7
Investors
1 lead
17%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Sila Nanotechnologies at $1.00B after the new money. The $170M bought investors about 17% of the company. It came 8 months after Sila Nanotechnologies' Series D. It is 11% of the $1.50B Sila Nanotechnologies has raised in the venture rounds on record. Sila Nanotechnologies raised again 21 months later: a Series F round of $590M in Jan 2021, at $3.30B post-money.
Sila Nanotechnologies' funding rounds
Sila Nanotechnologies has 5 venture rounds on record and 1 other deal. This one is highlighted.
- Series D 16 Aug 2018, led by Sutter Hill Ventures $70M
- Series E this round 17 Apr 2019, led by Daimler AG $170M$1.00B post-money
- Series F 26 Jan 2021, led by Coatue $590M$3.30B post-money
- Series G 27 Jun 2024, led by Sutter Hill Ventures and T. Rowe Price Associates, Inc. $375M
- Growth 21 Jul 2026, led by Atreides Management and Sutter Hill Ventures $300M
- Debt not a venture round 7 Aug 2026, led by U.S. Department of Defense $1.40B
Investors
Who put money in
Daimler AG led the round with 6 other firms. Daimler AG, Bessemer Venture Partners, Chengwei Capital and Matrix and 2 more had backed Sila Nanotechnologies before.
Lead investor
- Daimler AG existing investor
Also in the round
- 8VC new investor
- Bessemer Venture Partners backs 412 venture-backed companies existing investor
- Chengwei Capital existing investor
- Matrix backs 129 venture-backed companies existing investor
- Siemens Next47 existing investor
- backs 39 venture-backed companies existing investor
Joined the board: Jeff Immelt (General Electric) and Alexander Nediger (Daimler AG).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
The closest in time: 1 in Batteries, then Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Batteries | 23 May 2018 | $71M | not disclosed | Shell Ventures |
| GetYourGuide Travel Agencies | 16 May 2019 | $484M | not disclosed | SoftBank Vision Fund |
| Carta Tech Companies | 6 May 2019 | $300M | $1.70B | Andreessen Horowitz |
| Impossible Foods Food Production | 14 May 2019 | $300M | not disclosed | Temasek and Horizons Ventures |
| Tech Companies | 20 May 2019 | $103M | $1.00B | Sapphire Ventures |
| Tech Companies | 14 May 2019 | $90M | not disclosed | One Peak and Goldman Sachs |
| Tech Companies | 7 May 2019 | $75M | not disclosed | Sapphire Ventures and Lightspeed Venture Partners |
| Stash Investment Consultants & Financial Advisors | 14 Mar 2019 | $65M | not disclosed | Unnamed Private Institutional Investor |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Sila Nanotechnologies raise in its Series E round?
Sila Nanotechnologies raised $170M in its Series E round, announced in Apr 2019.
Who led Sila Nanotechnologies' Series E round?
Daimler AG led it, with 8VC, Bessemer Venture Partners, Chengwei Capital, Matrix and Siemens Next47 and 1 more.
What was Sila Nanotechnologies' valuation at the Series E round?
$1.00B post-money ($830M pre-money).
Did Sila Nanotechnologies raise again after this round?
Yes: a Series F round in Jan 2021 of $590M at $3.30B post-money.