Funding round
Tanium Series G
Tanium, which works in autonomous IT platform development in Durham, raised $100M in a Series G round announced on 25 May 2017, led by TPG, at a $3.75B post-money valuation. 7 firms took part, 7 of them already investors. It is Tanium's third venture round on record; the one before was a Series F in Mar 2015.
$100M
Amount raised
$3.75B
Post-money valuation
$3.65B pre-money
7
Investors
1 lead
2.7%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Tanium at $3.75B after the new money. The $100M bought investors about 2.7% of the company. It came 26 months after Tanium's Series F. It is 11% of the $929M Tanium has raised in the venture rounds on record. Tanium raised again 12 months later: a Growth round of $175M in May 2018, at $5.00B 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 this round 25 May 2017, led by TPG $100M$3.75B post-money
- Growth 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 with 6 other firms. TPG, Institutional Venture Partners, Andreessen Horowitz and T. Rowe Price and 3 more had backed Tanium before.
Lead investor
- TPG backs 114 venture-backed companies existing investor
Also in the round
- Institutional Venture Partners backs 109 venture-backed companies existing investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- T. Rowe Price existing investor
- Franklin Templeton Investments existing investor
- Citi Ventures existing investor
- Geodesic Capital backs 45 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
The closest in time: 2 in Tech Companies, then Series G rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 31 Dec 2016 | $7.7M | not disclosed | not named |
| Tech Companies | 16 Jun 2016 | $22M | $467M | not named |
| Real Estate Investment | 1 Jan 2017 | $760M | $20.00B | not named |
| Loans & Financing | 21 Sep 2017 | $50M | $550M | Finex Hong Kong |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Tanium raise in its Series G round?
Tanium raised $100M in its Series G round, announced in May 2017.
Who led Tanium's Series G round?
TPG led it, with Institutional Venture Partners, Andreessen Horowitz, T. Rowe Price, Franklin Templeton Investments and Citi Ventures and 1 more.
What was Tanium's valuation at the Series G round?
$3.75B post-money ($3.65B pre-money).
Did Tanium raise again after this round?
Yes: a Growth round in May 2018 of $175M at $5.00B post-money.