Funding round
The Boring Company Series D
The Boring Company, which works in tunnel construction services in Las Vegas, raised $3.00B in a Series D round announced on 9 Sep 2026, led by United Arab Emirates and Affiliated investment entities, at a $23.00B post-money valuation. 10 firms took part. It is The Boring Company's fourth venture round on record; the one before was a Series C in Apr 2022.
$3.00B
Amount raised
$23.00B
Post-money valuation
$20.00B pre-money
10
Investors
2 leads
4.1x
Step-up from the Series C
$5.67B in Apr 2022
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced The Boring Company at $23.00B after the new money, 4.1 times the $5.67B of its Series C (Apr 2022). The $3.00B bought investors about 13% of the company. It came 53 months after The Boring Company's Series C. It is 77% of the $3.91B The Boring Company has raised in the venture rounds on record. No later venture round is on record for The Boring Company.
The Boring Company's funding rounds
The Boring Company has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
United Arab Emirates and Affiliated investment entities led the round with 8 other firms.
Lead investors
- United Arab Emirates new investor
- Affiliated investment entities
Also in the round
- backs 55 venture-backed companies new investor
- backs 22 venture-backed companies new investor
- Valor backs 143 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Temasek backs 195 venture-backed companies new investor
- new investor
- Baron Capital new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Mistral AI Software Development Services | 8 Sep 2026 | $3.50B | $24.40B | Samsung Venture Investment and Scaleup Europe Fund |
| Varda Space Industries Aerospace and Defence | 30 Sep 2026 | $251M | $1.60B | Lux Capital and Natural Capital |
| Medical Supply Manufacturers | 24 Sep 2026 | $250M | $1.00B | Pershing Square Inc. and Ackman Oxman Institute |
| Tech Companies | 15 Sep 2026 | $180M | $1.80B | Sequoia Capital and Kleiner Perkins |
| Factorial Tech Companies | 6 Sep 2026 | $150M | $2.50B | General Catalyst |
| Tech Companies | 9 Sep 2026 | $115M | $7.10B | Wellington |
| Tech Companies | 16 Sep 2026 | $114M | $1.20B | not named |
| Medical Supply Manufacturers | 2 Sep 2026 | $55M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did The Boring Company raise in its Series D round?
The Boring Company raised $3.00B in its Series D round, announced in Sep 2026.
Who led The Boring Company's Series D round?
United Arab Emirates and Affiliated investment entities led it, with Human Capital, Vy Capital, Valor, Sequoia Capital and Andreessen Horowitz and 3 more.
What was The Boring Company's valuation at the Series D round?
$23.00B post-money ($20.00B pre-money).