Funding round
ThoughtSpot Series F
ThoughtSpot, which works in AI-Driven analytics platform development in Mountain View, raised $100M in a Series F round announced on 15 Nov 2021, led by March Capital, at a $4.20B post-money valuation. 9 firms took part, 8 of them already investors. It is ThoughtSpot's sixth venture round on record; the one before was a Series E in Aug 2019.
$100M
Amount raised
$4.20B
Post-money valuation
$4.10B pre-money
9
Investors
1 lead
2.2x
Step-up from the Series E
$1.95B in Aug 2019
2.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced ThoughtSpot at $4.20B after the new money, 2.2 times the $1.95B of its Series E (Aug 2019). The $100M bought investors about 2.4% of the company. It came 27 months after ThoughtSpot's Series E. It is 11% of the $881M ThoughtSpot has raised in the venture rounds on record. ThoughtSpot raised again 47 months later: a Series G round of $248M in Oct 2025, at $4.20B 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 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 this round 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
March Capital led the round with 8 other firms. Lightspeed Venture Partners, Snowflake Ventures, Khosla Ventures and Fidelity and 4 more had backed ThoughtSpot before.
Lead investor
- March Capital new investor
Also in the round
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- Snowflake Ventures existing investor
- Khosla Ventures backs 396 venture-backed companies existing investor
- Fidelity existing investor
- Capital One Ventures existing investor
- General Catalyst backs 574 venture-backed companies existing investor
- Sapphire Ventures backs 148 venture-backed companies existing investor
- GIC backs 98 venture-backed companies existing 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, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
45 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was 59% of the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 18 Nov 2021 | $100M | $6.10B | Franklin Templeton and Altimeter |
| Tech Companies | 13 Dec 2021 | $735M | $11.00B | XN |
| Cockroach Labs Tech Companies | 16 Dec 2021 | $278M | $5.00B | Greenoaks |
| VideoAmp Tech Companies | 21 Oct 2021 | $275M | $1.40B | Spruce House Partnership |
| Rebel Foods Tech Companies | 7 Oct 2021 | $175M | $1.40B | Qatar Investment Authority |
| Tech Companies | 16 Dec 2021 | $170M | $2.20B | ICONIQ Capital |
| Tech Companies | 1 Dec 2021 | $150M | not disclosed | not named |
| Tech Companies | 5 Oct 2021 | $100M | not disclosed | Great Hill Partners |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did ThoughtSpot raise in its Series F round?
ThoughtSpot raised $100M in its Series F round, announced in Nov 2021.
Who led ThoughtSpot's Series F round?
March Capital led it, with Lightspeed Venture Partners, Snowflake Ventures, Khosla Ventures, Fidelity and Capital One Ventures and 3 more.
What was ThoughtSpot's valuation at the Series F round?
$4.20B post-money ($4.10B pre-money).
How does it compare with other Series F rounds in Tech Companies?
45 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was 59% of the median.
Did ThoughtSpot raise again after this round?
Yes: a Series G round in Oct 2025 of $248M at $4.20B post-money.