Funding round
Tiendanube Series E
Tiendanube, which works in e-commerce solutions development in Buenos Aires, raised $500M in a Series E round announced on 17 Aug 2021, led by Insight Partners and Tiger Global Management, at a $3.10B post-money valuation. 4 firms took part. It is Tiendanube's third venture round on record; the one before was a Series C in Oct 2020.
$500M
Amount raised
$3.10B
Post-money valuation
4
Investors
2 leads
16%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Tiendanube at $3.10B after the new money. The $500M bought investors about 16% of the company. It came 10 months after Tiendanube's Series C. It is 93% of the $537M Tiendanube has raised in the venture rounds on record. No later venture round is on record for Tiendanube.
Tiendanube's funding rounds
Tiendanube has 3 venture rounds on record. This one is highlighted.
Investors
Who put money in
Insight Partners and Tiger Global Management led the round with 2 other firms.
Lead investors
- Insight Partners backs 548 venture-backed companies new investor
- Tiger Global Management new investor
Also in the round
- Alkeon backs 51 venture-backed companies new investor
- Blue Owl Capital backs 36 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
118 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $145M, and this round was 3.4 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Dataiku Tech Companies | 5 Aug 2021 | $400M | $4.60B | Tiger Global |
| Tech Companies | 10 Aug 2021 | $240M | $3.35B | Alkeon and B Capital |
| Gusto Tech Companies | 10 Aug 2021 | $175M | $9.50B | T. Rowe Price Associates, Inc. |
| Tech Companies | 5 Aug 2021 | $125M | $1.00B | Georgian |
| Tech Companies | 21 Aug 2021 | $105M | $3.33B | Koch Disruptive Technologies |
| Tech Companies | 5 Aug 2021 | $100M | $1.20B | SoftBank Vision Fund |
| Tech Companies | 10 Aug 2021 | $81M | $1.00B | Accomplice |
| Mirakl Tech Companies | 21 Sep 2021 | $555M | $3.50B | Silver Lake |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Tiendanube raise in its Series E round?
Tiendanube raised $500M in its Series E round, announced in Aug 2021.
Who led Tiendanube's Series E round?
Insight Partners and Tiger Global Management led it, with Alkeon and Blue Owl Capital.
What was Tiendanube's valuation at the Series E round?
$3.10B post-money.
How does it compare with other Series E rounds in Tech Companies?
118 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $145M, and this round was 3.4 times the median.