Funding round
Sila Nanotechnologies Series F
Sila Nanotechnologies, which works in battery materials research and development in Alameda, raised $590M in a Series F round announced on 26 Jan 2021, led by Coatue, at a $3.30B post-money valuation. 6 firms took part, 4 of them already investors. It is Sila Nanotechnologies' third venture round on record; the one before was a Series E in Apr 2019.
$590M
Amount raised
$3.30B
Post-money valuation
$2.71B pre-money
6
Investors
1 lead
3.3x
Step-up from the Series E
$1.00B in Apr 2019
18%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Sila Nanotechnologies at $3.30B after the new money, 3.3 times the $1.00B of its Series E (Apr 2019). The $590M bought investors about 18% of the company. It came 21 months after Sila Nanotechnologies' Series E. It is 39% of the $1.50B Sila Nanotechnologies has raised in the venture rounds on record. Sila Nanotechnologies raised again 41 months later: a Series G round of $375M in Jun 2024.
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 17 Apr 2019, led by Daimler AG $170M$1.00B post-money
- Series F this round 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
Coatue led the round with 5 other firms. 8VC, Bessemer Venture Partners, Canada Pension Plan Investment Board and Sutter Hill Ventures had backed Sila Nanotechnologies before.
Lead investor
- Coatue backs 229 venture-backed companies new investor
Also in the round
- T. Rowe Price Associates, Inc. new investor
- 8VC existing investor
- Bessemer Venture Partners backs 412 venture-backed companies existing investor
- Canada Pension Plan Investment Board existing investor
- backs 39 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, scaling operations and working capital.
- Hiring
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series F rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Lalamove Shipping Couriers | 20 Jan 2021 | $1.50B | $10.00B | Hillhouse |
| Tech Companies | 10 Jan 2021 | $360M | $2.00B | SoftBank Vision Fund |
| Tech Companies | 1 Jan 2021 | $150M | $1.00B | Goldman Sachs Asset Management |
| DataRobot Tech Companies | 9 Dec 2020 | $320M | $2.80B | Altimeter |
| Dataminr Tech Companies | 23 Mar 2021 | $475M | $4.10B | Eldridge Industries |
| Tech Companies | 17 Mar 2021 | $230M | $1.40B | Bessemer Venture Partners and Tiger Global |
| Tech Companies | 9 Mar 2021 | $220M | not disclosed | Georgian |
| Hopper Travel Agencies | 24 Mar 2021 | $170M | not disclosed | Capital One |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Sila Nanotechnologies raise in its Series F round?
Sila Nanotechnologies raised $590M in its Series F round, announced in Jan 2021.
Who led Sila Nanotechnologies' Series F round?
Coatue led it, with T. Rowe Price Associates, Inc., 8VC, Bessemer Venture Partners, Canada Pension Plan Investment Board and Sutter Hill Ventures.
What was Sila Nanotechnologies' valuation at the Series F round?
$3.30B post-money ($2.71B pre-money).
Did Sila Nanotechnologies raise again after this round?
Yes: a Series G round in Jun 2024 of $375M.