Funding round
Sila Nanotechnologies Series G
Sila Nanotechnologies, which works in battery materials research and development in Alameda, raised $375M in a Series G round announced on 27 Jun 2024, led by Sutter Hill Ventures and T. Rowe Price Associates, Inc.. 5 firms took part, 4 of them already investors. It is Sila Nanotechnologies' fourth venture round on record; the one before was a Series F in Jan 2021.
$375M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
Sila Nanotechnologies did not disclose a valuation in this round; its last disclosed one was $3.30B at the Series F (Jan 2021). It came 41 months after Sila Nanotechnologies' Series F. It is 25% of the $1.50B Sila Nanotechnologies has raised in the venture rounds on record. Sila Nanotechnologies raised again 25 months later: a Growth round of $300M in Jul 2026.
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 26 Jan 2021, led by Coatue $590M$3.30B post-money
- Series G this round 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
Sutter Hill Ventures and T. Rowe Price Associates, Inc. led the round with 3 other firms. Sutter Hill Ventures, T. Rowe Price Associates, Inc., Bessemer Venture Partners and Perry Creek Capital had backed Sila Nanotechnologies before.
Lead investors
- backs 39 venture-backed companies existing investor
- T. Rowe Price Associates, Inc. existing investor
Also in the round
- Bessemer Venture Partners backs 412 venture-backed companies existing investor
- Coatue backs 229 venture-backed companies new investor
- backs 2 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series G rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Zipline Airline Companies | 1 Jun 2024 | $350M | not disclosed | not named |
| OYO Hotels | 11 Aug 2024 | $174M | $2.40B | Patient Capital |
| Tech Companies | 14 Aug 2024 | $9.9M | not disclosed | not named |
| EGYM Tech Companies | 24 Sep 2024 | $200M | $1.20B | L Catterton and Meritech Capital |
| Loans & Financing | 20 Sep 2024 | $30M | not disclosed | ABC Impact |
| Loans & Financing | 1 Sep 2024 | $29M | $1.01B | not named |
| Taxicabs | 29 Oct 2024 | $65M | not disclosed | TASARU Mobility Investments |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Sila Nanotechnologies raise in its Series G round?
Sila Nanotechnologies raised $375M in its Series G round, announced in Jun 2024.
Who led Sila Nanotechnologies' Series G round?
Sutter Hill Ventures and T. Rowe Price Associates, Inc. led it, with Bessemer Venture Partners, Coatue and Perry Creek Capital.
What was Sila Nanotechnologies' valuation at the Series G round?
It was not disclosed; its last disclosed one was $3.30B at the Series F (Jan 2021).
Did Sila Nanotechnologies raise again after this round?
Yes: a Growth round in Jul 2026 of $300M.