Funding round
ThoughtSpot Series C
ThoughtSpot, which works in AI-Driven analytics platform development in Mountain View, raised $50M in a Series C round announced on 19 May 2016, led by General Catalyst. 4 firms took part. It is ThoughtSpot's second venture round on record; the one before was a Series B in Jun 2014.
$50M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
ThoughtSpot did not disclose a valuation in this round. It came 23 months after ThoughtSpot's Series B. It is 5.7% of the $881M ThoughtSpot has raised in the venture rounds on record. ThoughtSpot raised again 15 months later: a Growth round of $60M in Aug 2017. 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 this round 19 May 2016, led by General Catalyst $50M
- Growth 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
General Catalyst led the round with 3 other firms.
Lead investor
- General Catalyst backs 574 venture-backed companies new investor
Also in the round
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
- Khosla Ventures backs 396 venture-backed companies new investor
- Geodesic Capital backs 45 venture-backed companies 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
113 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $27M, and this round was 1.9 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 19 May 2016 | $50M | not disclosed | Insight Partners |
| Seismic Tech Companies | 25 May 2016 | $40M | not disclosed | General Atlantic |
| Tech Companies | 25 May 2016 | $23M | not disclosed | TransUnion |
| Tech Companies | 26 May 2016 | $20M | not disclosed | Intel Capital |
| Tech Companies | 24 May 2016 | $20M | not disclosed | Energy Impact Partners and Envision Ventures |
| Tech Companies | 10 May 2016 | $20M | not disclosed | BlueCross BlueShield Venture Partners (BCBSVP) |
| Tech Companies | 5 May 2016 | $16M | not disclosed | S3 Ventures |
| Tech Companies | 18 May 2016 | $12M | not disclosed | Grotech Ventures and WP Global Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did ThoughtSpot raise in its Series C round?
ThoughtSpot raised $50M in its Series C round, announced in May 2016.
Who led ThoughtSpot's Series C round?
General Catalyst led it, with Lightspeed Venture Partners, Khosla Ventures and Geodesic Capital.
What was ThoughtSpot's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
113 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $27M, and this round was 1.9 times the median.
Did ThoughtSpot raise again after this round?
Yes: a Growth round in Aug 2017 of $60M.