Funding round
ThoughtSpot Series D
ThoughtSpot, which works in AI-Driven analytics platform development in Mountain View, raised $145M in a Series D round announced on 8 May 2018, led by Lightspeed Venture Partners. 5 firms took part, 4 of them already investors. It is ThoughtSpot's fourth venture round on record; the one before was a Growth in Aug 2017.
$145M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
ThoughtSpot did not disclose a valuation in this round. It came 9 months after ThoughtSpot's Growth. It is 16% of the $881M ThoughtSpot has raised in the venture rounds on record. ThoughtSpot raised again 15 months later: a Series E round of $248M in Aug 2019, at $1.95B post-money.
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 17 Aug 2017, led by Lightspeed Venture Partners $60M
- Series D this round 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 4 other firms. Lightspeed Venture Partners, Future Fund, Khosla Ventures and General Catalyst had backed ThoughtSpot before.
Lead investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
Also in the round
- Future Fund existing investor
- Khosla Ventures backs 396 venture-backed companies existing investor
- General Catalyst backs 574 venture-backed companies existing investor
- Sapphire Ventures backs 148 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
93 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 2.9 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 31 May 2018 | $300M | $3.00B | Alibaba |
| Tech Companies | 7 May 2018 | $125M | $725M | T. Rowe Price Associates, Inc. and Koch Disruptive Technologies |
| Tech Companies | 30 May 2018 | $100M | $400M | Premji Invest |
| Tech Companies | 15 May 2018 | $55M | not disclosed | Sapphire Ventures |
| Tech Companies | 24 May 2018 | $45M | not disclosed | New Enterprise Associates |
| Tech Companies | 15 May 2018 | $30M | not disclosed | GV |
| Tech Companies | 16 May 2018 | $23M | not disclosed | Tola Capital |
| Tech Companies | 5 Jun 2018 | $272M | not disclosed | YY Inc. |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did ThoughtSpot raise in its Series D round?
ThoughtSpot raised $145M in its Series D round, announced in May 2018.
Who led ThoughtSpot's Series D round?
Lightspeed Venture Partners led it, with Future Fund, Khosla Ventures, General Catalyst and Sapphire Ventures.
What was ThoughtSpot's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
93 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 2.9 times the median.
Did ThoughtSpot raise again after this round?
Yes: a Series E round in Aug 2019 of $248M at $1.95B post-money.