Funding round
Sinch Growth
Reported as "Growth Equity"
Sinch, which works in cloud communications platform development in Stockholm, raised $390M in a Growth round announced on 30 Nov 2020. 1 firm took part. It is Sinch's second venture round on record; the one before was a Growth in Mar 2020.
$390M
Amount raised
3,300,000,000 SEK converted
Not disclosed
Post-money valuation
1
Investors
no lead named
Valuation
What this round says about the price
Sinch did not disclose a valuation in this round. It came 8 months after Sinch's Growth. It is 24% of the $1.64B Sinch has raised in the venture rounds on record. Sinch raised again 6 months later: a Growth round of $1.10B in May 2021.
Sinch's funding rounds
Sinch has 3 venture rounds on record and 3 other deals. This one is highlighted.
Investors
Who put money in
1 firm took part; no lead investor was named.
Investors
- SB Management
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 $111M, and this round was 3.5 times the median. The closest in time, other companies' Growth rounds in Telecommunications:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Telecommunications | 20 Oct 2020 | $30M | not disclosed | Prime Movers Lab |
| Telecommunications | 15 Jan 2021 | $400M | not disclosed | SoftBank Group |
| Telecommunications | 2 Feb 2021 | $60M | not disclosed | Fortress Investment Group |
| Telecommunications | 22 Apr 2020 | $5.70B | $65.00B | |
| Telecommunications | 10 Aug 2021 | $111M | not disclosed | Andreessen Horowitz |
| Telecommunications | 3 Feb 2020 | $110M | not disclosed | Collecte Localisation Satellites (CLS) |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Sinch raise in its Growth round?
Sinch raised $390M in its Growth round, announced in Nov 2020.
Which investors took part in Sinch's Growth round?
SB Management.
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 $111M, and this round was 3.5 times the median.
Did Sinch raise again after this round?
Yes: a Growth round in May 2021 of $1.10B.