Funding round
Temporal Series A
Temporal, which works in durable execution platform development in Bellevue, raised $19M in a Series A round announced on 15 Oct 2020, led by Sequoia Capital. 4 firms took part, 3 of them already investors. It is Temporal's second venture round on record; the one before was a Seed in Oct 2020.
$19M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Temporal did not disclose a valuation in this round. It is 1.5% of the $1.23B Temporal has raised in the venture rounds on record. Temporal raised again 16 months later: a Series B round of $100M in Feb 2022, at $1.50B post-money.
Temporal's funding rounds
Temporal has 7 venture rounds on record. This one is highlighted.
- Seed 15 Oct 2020, led by Amplify Partners $6.8M
- Series A this round 15 Oct 2020, led by Sequoia Capital $19M
- Series B 16 Feb 2022, led by Index Ventures $100M$1.50B post-money
- Series C 31 Mar 2025, led by Tiger Global $146M$1.72B post-money
- Growth 1 Oct 2025, led by GIC $105M$2.50B post-money
- Series D 17 Feb 2026, led by Andreessen Horowitz $300M$5.00B post-money
- Series E 14 Sep 2026, led by Lightspeed Venture Partners, Wellington Management and Goldman Sachs Alternatives $550M$12.55B post-money
Investors
Who put money in
Sequoia Capital led the round with 3 other firms. Madrona, Addition Ventures and Amplify Partners had backed Temporal before.
Lead investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- backs 142 venture-backed companies existing investor
- Addition Ventures existing investor
- Amplify Partners existing 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
1,400 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $10M, and this round was 1.8 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 9 Oct 2020 | $100M | not disclosed | Warburg Pincus |
| Tech Companies | 13 Oct 2020 | $35M | not disclosed | Greylock Partners and Kleiner Perkins |
| Tech Companies | 15 Oct 2020 | $28M | not disclosed | Prytek and FinTLV Ventures |
| Tech Companies | 27 Oct 2020 | $27M | not disclosed | Bessemer Venture Partners and Lightspeed Venture Partners |
| Tech Companies | 28 Oct 2020 | $21M | not disclosed | Greycroft |
| Tech Companies | 15 Oct 2020 | $20M | not disclosed | Bain Capital Ventures |
| Tech Companies | 15 Oct 2020 | $20M | not disclosed | Educapital |
| Tech Companies | 28 Oct 2020 | $20M | not disclosed | Coatue |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Temporal raise in its Series A round?
Temporal raised $19M in its Series A round, announced in Oct 2020.
Who led Temporal's Series A round?
Sequoia Capital led it, with Madrona, Addition Ventures and Amplify Partners.
What was Temporal's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,400 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $10M, and this round was 1.8 times the median.
Did Temporal raise again after this round?
Yes: a Series B round in Feb 2022 of $100M at $1.50B post-money.