Funding round
Perk Series E
Perk, which works in travel assistance services in Birmingham, raised $200M in a Series E round announced on 28 Jan 2025, led by EQT and Atomico, at a $2.70B post-money valuation. 8 firms took part, 4 of them already investors. It is Perk's third venture round on record; the one before was a Series C in Oct 2018.
$200M
Amount raised
$2.70B
Post-money valuation
$2.50B pre-money
8
Investors
2 leads
7.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Perk at $2.70B after the new money. The $200M bought investors about 7.4% of the company. It came 75 months after Perk's Series C. It is 75% of the $265M Perk has raised in the venture rounds on record. No later venture round is on record for Perk.
Perk's funding rounds
Perk has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
EQT and Atomico led the round with 6 other firms. General Catalyst, Kinnevik, SoftBank Vision Fund and Blackstone had backed Perk before.
Lead investors
Also in the round
- backs 4 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- General Catalyst backs 574 venture-backed companies existing investor
- Kinnevik backs 55 venture-backed companies existing investor
- SoftBank Vision Fund backs 234 venture-backed companies existing investor
- Blackstone backs 83 venture-backed companies existing investor
Joined the board: Carolina Brochado (EQT Growth) and Hillary Ball (Atomico).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Whatnot Tech Companies | 10 Jan 2025 | $265M | $4.97B | Greycroft and DST Global |
| Perk Tech Companies | 28 Jan 2025 | $200M | $2.70B | Atomico and EQT |
| Industrial Machinery & Supplies | 1 Jan 2025 | $110M | not disclosed | not named |
| Loans & Financing | 29 Jan 2025 | $65M | not disclosed | Apis Partners |
| Educational Consultants | 29 Jan 2025 | $65M | not disclosed | Apis Partners |
| Tech Companies | 14 Jan 2025 | $40M | not disclosed | Health Care Service Corporation |
| Tech Companies | 14 Jan 2025 | $40M | not disclosed | Health Care Service Corporation |
| Laboratory Equipment & Supplies | 15 Jan 2025 | $27M | not disclosed | Ventura Capital |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Perk raise in its Series E round?
Perk raised $200M in its Series E round, announced in Jan 2025.
Who led Perk's Series E round?
EQT and Atomico led it, with Noteus, Sequoia Capital, General Catalyst, Kinnevik and SoftBank Vision Fund and 1 more.
What was Perk's valuation at the Series E round?
$2.70B post-money ($2.50B pre-money).