Funding round
Stack Growth
Reported as "Growth Equity"
Stack, which works in autonomous trucking solutions development in Pittsburgh, raised $1.00B in a Growth round announced on 7 Sep 2023, led by SoftBank Group. 1 firm took part.
$1.00B
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
Stack did not disclose a valuation in this round. It is Stack's first venture round on record, in the year it was founded (2023). No later venture round is on record for Stack.
Stack's funding rounds
This is the only venture round on record for Stack.
- Growth this round 7 Sep 2023, led by SoftBank Group $1.00B
Investors
Who put money in
SoftBank Group led the round.
Lead investor
- SoftBank Group new 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
354 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 21 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Cato Networks Tech Companies | 19 Sep 2023 | $238M | $3.00B | Lightspeed Venture Partners |
| HiBob Tech Companies | 19 Sep 2023 | $150M | $2.70B | Farallon and Alpha Wave Global |
| Tech Companies | 26 Sep 2023 | $100M | not disclosed | Wavecrest Growth Partners |
| Tech Companies | 28 Sep 2023 | $100M | $3.00B | Warburg Pincus |
| Tech Companies | 5 Sep 2023 | $54M | not disclosed | Andreessen Horowitz and a16z crypto |
| Tech Companies | 19 Sep 2023 | $27M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 19 Sep 2023 | $25M | not disclosed | Edison Partners |
| Tech Companies | 27 Sep 2023 | $15M | not disclosed | Fulcrum |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Stack raise in its Growth round?
Stack raised $1.00B in its Growth round, announced in Sep 2023.
Who led Stack's Growth round?
SoftBank Group led it.
What was Stack's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
354 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $48M, and this round was 21 times the median.