Funding round
Sinch Growth
Reported as "Growth Equity"
Sinch, which works in cloud communications platform development in Stockholm, raised $150M in a Growth round announced on 27 Mar 2020. It is Sinch's first venture round on record.
$150M
Amount raised
1,500,000,000 SEK converted
Not disclosed
Post-money valuation
Valuation
What this round says about the price
Sinch did not disclose a valuation in this round. It is Sinch's first venture round on record, 12 years after it was founded in 2008. It is 9.1% of the $1.64B Sinch has raised in the venture rounds on record. Sinch raised again 8 months later: a Growth round of $390M in Nov 2020.
Sinch's funding rounds
Sinch has 3 venture rounds on record and 3 other deals. This one is highlighted.
Use of proceeds
What the money is for
According to the announcement, the money goes to acquisitions.
- Acquisitions
Comparable rounds
How it compares
6 Growth rounds in Telecommunications within a year either side disclosed an amount; the median was $105M, and this round was 1.4 times the median. The closest in time, other companies' Growth rounds in Telecommunications:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Telecommunications | 22 Apr 2020 | $5.70B | $65.00B | |
| Telecommunications | 3 Feb 2020 | $110M | not disclosed | Collecte Localisation Satellites (CLS) |
| Telecommunications | 20 Oct 2020 | $30M | not disclosed | Prime Movers Lab |
| Telecommunications | 15 Jan 2021 | $400M | not disclosed | SoftBank Group |
| Telecommunications | 12 Apr 2019 | $100M | not disclosed | SDC Capital |
| Telecommunications | 2 Feb 2021 | $60M | not disclosed | Fortress Investment Group |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Sinch raise in its Growth round?
Sinch raised $150M in its Growth round, announced in Mar 2020.
What was Sinch's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Telecommunications?
6 Growth rounds in Telecommunications within a year either side disclosed an amount; the median was $105M, and this round was 1.4 times the median.
Did Sinch raise again after this round?
Yes: a Growth round in Nov 2020 of $390M.