Funding round
Tomorrow.io Series B
Tomorrow.io, which works in weather intelligence platform solutions in Boston, raised $45M in a Series B round announced on 4 Oct 2018, led by Clearvision Ventures. 7 firms took part, 5 of them already investors. It is Tomorrow.io's second venture round on record; the one before was a Series A in Nov 2017.
$45M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Tomorrow.io did not disclose a valuation in this round. It came 11 months after Tomorrow.io's Series A. It is 10% of the $434M Tomorrow.io has raised in the venture rounds on record. Tomorrow.io raised again 29 months later: a Series D round of $77M in Mar 2021. 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 27 Nov 2017, led by Canaan $15M
- Series B this round 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
Clearvision Ventures led the round with 6 other firms. Clearvision Ventures, Canaan, Fontinalis and SKY VC and 1 more had backed Tomorrow.io before.
Lead investor
- backs 12 venture-backed companies existing investor
Also in the round
- Ford Smart Mobility LLC new investor
- Envision Ventures new investor
- backs 169 venture-backed companies existing investor
- backs 32 venture-backed companies existing investor
- backs 22 venture-backed companies existing investor
- backs 55 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 and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
469 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 2.3 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Talkdesk Tech Companies | 3 Oct 2018 | $100M | $1.00B | Viking Global |
| Tech Companies | 24 Oct 2018 | $48M | not disclosed | Next47 |
| Tech Companies | 23 Oct 2018 | $43M | $200M | Menlo Ventures |
| Tech Companies | 30 Oct 2018 | $35M | $175M | Lightspeed Venture Partners |
| Tech Companies | 7 Oct 2018 | $31M | not disclosed | Atomico |
| Tech Companies | 15 Oct 2018 | $30M | not disclosed | Dawn Capital |
| Tech Companies | 23 Oct 2018 | $30M | not disclosed | Andreessen Horowitz |
| Tech Companies | 30 Oct 2018 | $25M | not disclosed | Tenaya Capital |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Tomorrow.io raise in its Series B round?
Tomorrow.io raised $45M in its Series B round, announced in Oct 2018.
Who led Tomorrow.io's Series B round?
Clearvision Ventures led it, with Ford Smart Mobility LLC, Envision Ventures, Canaan, Fontinalis and SKY VC and 1 more.
What was Tomorrow.io's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
469 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 2.3 times the median.
Did Tomorrow.io raise again after this round?
Yes: a Series D round in Mar 2021 of $77M.