Funding round
ThoughtSpot Growth
Reported as "Growth Equity"
ThoughtSpot, which works in AI-Driven analytics platform development in Mountain View, raised $60M in a Growth round announced on 17 Aug 2017, led by Lightspeed Venture Partners. 2 firms took part. It is ThoughtSpot's third venture round on record; the one before was a Series C in May 2016.
$60M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
ThoughtSpot did not disclose a valuation in this round. It came 15 months after ThoughtSpot's Series C. It is 6.8% of the $881M ThoughtSpot has raised in the venture rounds on record. ThoughtSpot raised again 9 months later: a Series D round of $145M in May 2018. Its next priced round, a Series E in Aug 2019, valued it at $1.95B.
ThoughtSpot's funding rounds
ThoughtSpot has 7 venture rounds on record. This one is highlighted.
- Series B 18 Jun 2014, led by Khosla Ventures $30M
- Series C 19 May 2016, led by General Catalyst $50M
- Growth this round 17 Aug 2017, led by Lightspeed Venture Partners $60M
- Series D 8 May 2018, led by Lightspeed Venture Partners $145M
- Series E 28 Aug 2019, led by Silver Lake $248M$1.95B post-money
- Series F 15 Nov 2021, led by March Capital $100M$4.20B post-money
- Series G 13 Oct 2025, led by Lightspeed and Khosla Ventures $248M$4.20B post-money
Investors
Who put money in
Lightspeed Venture Partners led the round with 1 other firm.
Lead investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
Also in the round
- Capital One Growth Ventures new 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
124 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $43M, and this round was 1.4 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Druva Tech Companies | 22 Aug 2017 | $80M | not disclosed | Riverwood Capital |
| Tech Companies | 18 Aug 2017 | $57M | not disclosed | Glynn Capital |
| Tech Companies | 7 Aug 2017 | $52M | not disclosed | not named |
| Tech Companies | 1 Aug 2017 | undisclosed | not disclosed | not named |
| Tech Companies | 15 Aug 2017 | undisclosed | not disclosed | Silver Lake |
| Tech Companies | 13 Jul 2017 | $230M | not disclosed | not named |
| Tech Companies | 20 Sep 2017 | $200M | not disclosed | K1 Investment Management |
| Tech Companies | 27 Sep 2017 | $75M | $160M | Sageview Capital and Leaders Fund |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did ThoughtSpot raise in its Growth round?
ThoughtSpot raised $60M in its Growth round, announced in Aug 2017.
Who led ThoughtSpot's Growth round?
Lightspeed Venture Partners led it, with Capital One Growth Ventures.
What was ThoughtSpot's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Tech Companies?
124 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $43M, and this round was 1.4 times the median.
Did ThoughtSpot raise again after this round?
Yes: a Series D round in May 2018 of $145M.