Funding round
The Boring Company Series A
The Boring Company, which works in tunnel construction services in Las Vegas, raised $113M in a Series A round announced on 16 Apr 2018, led by Sequoia Capital. 4 firms took part, with 2 individual investors. It is The Boring Company's first venture round on record.
$113M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
The Boring Company did not disclose a valuation in this round. It is The Boring Company's first venture round on record, 1 year after it was founded in 2017. It is 2.9% of the $3.91B The Boring Company has raised in the venture rounds on record. The Boring Company raised again 15 months later: a Growth round of $120M in Jul 2019, at $920M post-money.
The Boring Company's funding rounds
The Boring Company has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Sequoia Capital led the round with 3 other firms.
Lead investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- backs 22 venture-backed companies new investor
- Elon Musk new investor
- Early Employees new investor
Individual investors: Elon Musk and early employees.
Comparable rounds
How it compares
The closest in time: Series A rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 3 Apr 2018 | $191M | $1.30B | not named |
| Electronical Components Manufacturing | 17 Apr 2018 | $48M | not disclosed | not named |
| Saviynt Tech Companies | 18 Apr 2018 | $40M | not disclosed | Carrick Capital Partners |
| Tech Companies | 24 Apr 2018 | $32M | not disclosed | Updata Partners |
| Alan Insurance - Agents, Carriers & Brokers | 10 Apr 2018 | $28M | not disclosed | Index Ventures |
| Medical Supply Manufacturers | 18 Apr 2018 | $25M | not disclosed | Andera Partners |
| Tech Companies | 3 Apr 2018 | $22M | not disclosed | Bain Capital Ventures |
| Chainalysis Tech Companies | 5 Apr 2018 | $16M | not disclosed | Benchmark |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did The Boring Company raise in its Series A round?
The Boring Company raised $113M in its Series A round, announced in Apr 2018.
Who led The Boring Company's Series A round?
Sequoia Capital led it, with Vy Capital, Elon Musk and Early Employees.
What was The Boring Company's valuation at the Series A round?
It was not disclosed.
Did The Boring Company raise again after this round?
Yes: a Growth round in Jul 2019 of $120M at $920M post-money.