Funding round
Tomorrow.io Series A
Tomorrow.io, which works in weather intelligence platform solutions in Boston, raised $15M in a Series A round announced on 27 Nov 2017, led by Canaan. 3 firms took part, 1 of them already investors. It is Tomorrow.io's first venture round on record.
$15M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Tomorrow.io did not disclose a valuation in this round. It is Tomorrow.io's first venture round on record, 1 year after it was founded in 2016. It is 3.5% of the $434M Tomorrow.io has raised in the venture rounds on record. Tomorrow.io raised again 11 months later: a Series B round of $45M in Oct 2018. Its next priced round, a Growth in Feb 2026, valued it at $1.00B.
Tomorrow.io's funding rounds
Tomorrow.io has 6 venture rounds on record. This one is highlighted.
- Series A this round 27 Nov 2017, led by Canaan $15M
- Series B 4 Oct 2018, led by Clearvision Ventures $45M
- Series D 30 Mar 2021, led by Stonecourt Capital $77M
- Series E 14 Jun 2023, led by Activate Capital $87M
- Growth 3 Feb 2026, led by Stonecourt Capital and HarbourVest $175M$1.00B post-money
- Series F 18 May 2026 $35M
Investors
Who put money in
Canaan led the round with 2 other firms. Square Peg had backed Tomorrow.io before.
Lead investor
- backs 169 venture-backed companies new investor
Also in the round
- backs 32 venture-backed companies new investor
- backs 55 venture-backed companies existing investor
Joined the board: Rich Boyle (Canaan Partners).
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
711 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.5M, and this round was 2.0 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 6 Nov 2017 | $117M | not disclosed | not named |
| Tech Companies | 29 Nov 2017 | $25M | not disclosed | Trident Capital and JPMorgan Chase |
| Tech Companies | 15 Nov 2017 | $21M | not disclosed | Index Ventures |
| Tech Companies | 9 Nov 2017 | $15M | not disclosed | Volition Capital |
| Tech Companies | 1 Nov 2017 | $15M | not disclosed | Sequoia Capital |
| Tech Companies | 2 Nov 2017 | $14M | not disclosed | not named |
| Tech Companies | 1 Nov 2017 | $13M | not disclosed | Redpoint Ventures |
| Tech Companies | 7 Nov 2017 | $12M | not disclosed | Pitango |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Tomorrow.io raise in its Series A round?
Tomorrow.io raised $15M in its Series A round, announced in Nov 2017.
Who led Tomorrow.io's Series A round?
Canaan led it, with Fontinalis and Square Peg.
What was Tomorrow.io's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
711 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $7.5M, and this round was 2.0 times the median.
Did Tomorrow.io raise again after this round?
Yes: a Series B round in Oct 2018 of $45M.