Funding round
Tanium Growth
Reported as "Growth Equity"
Tanium, which works in autonomous IT platform development in Durham, raised $175M in a Growth round announced on 16 May 2018, led by TPG, at a $5.00B post-money valuation. 1 firm took part, 1 of them already investors. It is Tanium's fourth venture round on record; the one before was a Series G in May 2017.
$175M
Amount raised
$5.00B
Post-money valuation
1
Investors
1 lead
1.3x
Step-up from the Series G
$3.75B in May 2017
3.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Tanium at $5.00B after the new money, 1.3 times the $3.75B of its Series G (May 2017). The $175M bought investors about 3.5% of the company. It came 12 months after Tanium's Series G. It is 19% of the $929M Tanium has raised in the venture rounds on record. Tanium raised again 5 months later: a Growth round of $200M in Oct 2018, at $6.50B post-money.
Tanium's funding rounds
Tanium has 7 venture rounds on record. This one is highlighted.
- Series E 23 May 2014, led by Andreessen Horowitz $90M
- Series F 24 Mar 2015 $64M
- Series G 25 May 2017, led by TPG $100M$3.75B post-money
- Growth this round 16 May 2018, led by TPG $175M$5.00B post-money
- Growth 2 Oct 2018, led by Wellington Management $200M$6.50B post-money
- Series H+ 18 Sep 2020 $150M$9.00B post-money
- Growth 28 Jan 2021, led by Ontario Teachers’ Pension Plan Board $150M
Investors
Who put money in
TPG led the round. TPG had backed Tanium before.
Lead investor
- TPG backs 114 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
187 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 3.9 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 May 2018 | $56M | not disclosed | One Peak |
| Tech Companies | 31 May 2018 | $55M | not disclosed | not named |
| Tech Companies | 15 May 2018 | $50M | not disclosed | not named |
| Tech Companies | 3 May 2018 | $50M | not disclosed | Top Tier Capital Partners |
| Tech Companies | 24 May 2018 | $47M | not disclosed | Insight Partners and Salesforce Ventures |
| Tech Companies | 29 May 2018 | $3.0M | not disclosed | Audeo Capital and BlueIO |
| Tech Companies | 26 Jun 2018 | $200M | not disclosed | Insight Partners |
| ShareChat Tech Companies | 5 Jun 2018 | $100M | $400M | Shunwei Capital and Xiaomi |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Tanium raise in its Growth round?
Tanium raised $175M in its Growth round, announced in May 2018.
Who led Tanium's Growth round?
TPG led it.
What was Tanium's valuation at the Growth round?
$5.00B post-money.
How does it compare with other Growth rounds in Tech Companies?
187 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $45M, and this round was 3.9 times the median.
Did Tanium raise again after this round?
Yes: a Growth round in Oct 2018 of $200M at $6.50B post-money.