Funding round
Tomorrow.io Series E
Tomorrow.io, which works in weather intelligence platform solutions in Boston, raised $87M in a Series E round announced on 14 Jun 2023, led by Activate Capital. 9 firms took part. It is Tomorrow.io's fourth venture round on record; the one before was a Series D in Mar 2021.
$87M
Amount raised
Not disclosed
Post-money valuation
9
Investors
1 lead
Valuation
What this round says about the price
Tomorrow.io did not disclose a valuation in this round. It came 27 months after Tomorrow.io's Series D. It is 20% of the $434M Tomorrow.io has raised in the venture rounds on record. Tomorrow.io raised again 32 months later: a Growth round of $175M in Feb 2026, at $1.00B post-money.
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 4 Oct 2018, led by Clearvision Ventures $45M
- Series D 30 Mar 2021, led by Stonecourt Capital $77M
- Series E this round 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
Activate Capital led the round with 8 other firms.
Lead investor
- backs 29 venture-backed companies new investor
Also in the round
- RTX Ventures new investor
- backs 37 venture-backed companies new investor
- Chemonics new investor
- backs 55 venture-backed companies new investor
- backs 169 venture-backed companies new investor
- backs 12 venture-backed companies new investor
- backs 22 venture-backed companies new investor
- backs 75 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and working capital.
- Product development
- Scaling operations
- Working capital
Comparable rounds
How it compares
28 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 87% of the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Inflection AI Tech Companies | 29 Jun 2023 | $1.30B | $4.00B | Microsoft and Nvidia |
| Quantexa Tech Companies | 4 Apr 2023 | $129M | $1.80B | GIC |
| Tech Companies | 13 Apr 2023 | $65M | not disclosed | Dragoneer Investment Group |
| Tech Companies | 10 Aug 2023 | $30M | not disclosed | Wellington Management and ArcTern Ventures |
| Rippling Tech Companies | 21 Mar 2023 | $500M | $11.25B | Greenoaks |
| Mapbox Tech Companies | 19 Sep 2023 | $280M | $1.30B | SoftBank Group Corp. |
| AlphaSense Tech Companies | 28 Sep 2023 | $150M | $2.50B | BOND |
| Tech Companies | 13 Oct 2023 | $51M | not disclosed | Princeville Capital and Citi Ventures |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Tomorrow.io raise in its Series E round?
Tomorrow.io raised $87M in its Series E round, announced in Jun 2023.
Who led Tomorrow.io's Series E round?
Activate Capital led it, with RTX Ventures, Seraphim Space, Chemonics, Square Peg and Canaan and 3 more.
What was Tomorrow.io's valuation at the Series E round?
It was not disclosed.
How does it compare with other Series E rounds in Tech Companies?
28 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 87% of the median.
Did Tomorrow.io raise again after this round?
Yes: a Growth round in Feb 2026 of $175M at $1.00B post-money.