Funding round
Tanium Growth
Reported as "Growth Equity"
Tanium, which works in autonomous IT platform development in Durham, raised $200M in a Growth round announced on 2 Oct 2018, led by Wellington Management, at a $6.50B post-money valuation. 3 firms took part. It is Tanium's fifth venture round on record; the one before was a Growth in May 2018.
$200M
Amount raised
$6.50B
Post-money valuation
$6.30B pre-money
3
Investors
1 lead
1.3x
Step-up from the Growth
$5.00B in May 2018
3.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Tanium at $6.50B after the new money, 1.3 times the $5.00B of its Growth (May 2018). The $200M bought investors about 3.1% of the company. It came 5 months after Tanium's Growth. It is 22% of the $929M Tanium has raised in the venture rounds on record. Tanium raised again 23 months later: a Series H+ round of $150M in Sep 2020, at $9.00B 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 16 May 2018, led by TPG $175M$5.00B post-money
- Growth this round 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
Wellington Management led the round with 2 other firms.
Lead investor
- Wellington Management new investor
Also in the round
- Baillie Gifford & Company new investor
- Adage Capital Management LP new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations and working capital.
- Scaling operations
- Working capital
Comparable rounds
How it compares
205 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $40M, and this round was 5.0 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 29 Oct 2018 | $3.00B | $75.00B | SoftBank |
| Tech Companies | 26 Oct 2018 | $130M | $1.60B | not named |
| Tech Companies | 17 Oct 2018 | $110M | not disclosed | not named |
| Assent Tech Companies | 24 Oct 2018 | $100M | not disclosed | Warburg Pincus |
| Tech Companies | 10 Oct 2018 | $75M | not disclosed | Goldman Sachs |
| Tech Companies | 16 Oct 2018 | $67M | $175M | Summit Partners |
| Tech Companies | 24 Oct 2018 | $62M | not disclosed | not named |
| Tech Companies | 25 Oct 2018 | $50M | not disclosed | Tiger Global Management and Casa Verde |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Tanium raise in its Growth round?
Tanium raised $200M in its Growth round, announced in Oct 2018.
Who led Tanium's Growth round?
Wellington Management led it, with Baillie Gifford & Company and Adage Capital Management LP.
What was Tanium's valuation at the Growth round?
$6.50B post-money ($6.30B pre-money).
How does it compare with other Growth rounds in Tech Companies?
205 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $40M, and this round was 5.0 times the median.
Did Tanium raise again after this round?
Yes: a Series H+ round in Sep 2020 of $150M at $9.00B post-money.