Funding round
Unbabel Series B
Unbabel, which works in multilingual translation services in San Francisco, raised $23M in a Series B round announced on 11 Jan 2018, led by Scale Venture Partners. 28 firms took part. It is Unbabel's second venture round on record; the one before was a Seed in Jul 2014.
$23M
Amount raised
Not disclosed
Post-money valuation
28
Investors
1 lead
Valuation
What this round says about the price
Unbabel did not disclose a valuation in this round. It came 42 months after Unbabel's Seed. It is 27% of the $85M Unbabel has raised in the venture rounds on record. Unbabel raised again 20 months later: a Series C round of $60M in Sep 2019.
Investors
Who put money in
Scale Venture Partners led the round with 27 other firms.
Lead investor
- backs 96 venture-backed companies new investor
Also in the round
- M12 backs 141 venture-backed companies new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
- backs 138 venture-backed companies new investor
- backs 64 venture-backed companies new investor
- backs 10 venture-backed companies new investor
- backs 107 venture-backed companies new investor
- backs 50 venture-backed companies new investor
- backs 65 venture-backed companies new investor
- backs 27 venture-backed companies new investor
- Caffeinated backs 79 venture-backed companies new investor
- CRV backs 177 venture-backed companies new investor
- backs 79 venture-backed companies new investor
- Founders Fund backs 368 venture-backed companies new investor
- IDG Capital backs 49 venture-backed companies new investor
- Index Ventures backs 353 venture-backed companies new investor
- Insight Partners backs 548 venture-backed companies new investor
- LAUNCHub backs 36 venture-backed companies new investor
- Otherwise Fund new investor
- Point72 Ventures backs 72 venture-backed companies new investor
- backs 111 venture-backed companies new investor
- backs 99 venture-backed companies new investor
- Sapphire Ventures backs 148 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- Singular new investor
- backs 158 venture-backed companies new investor
- backs 42 venture-backed companies new investor
- Caixa Capital Risc new 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
The closest in time: Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Hive Box Tech Companies | 1 Jan 2018 | $323M | not disclosed | not named |
| Tech Companies | 18 Jan 2018 | $75M | not disclosed | Molten Ventures |
| Tech Companies | 24 Jan 2018 | $66M | not disclosed | Sequoia Capital |
| Grupo QuintoAndar Real Estate - Agents & Managers | 1 Jan 2018 | $50M | not disclosed | not named |
| Clothing Stores | 15 Jan 2018 | $45M | not disclosed | Partech |
| Varo Banks & ATMs | 18 Jan 2018 | $45M | not disclosed | TPG and Warburg Pincus |
| Tech Companies | 12 Jan 2018 | $43M | not disclosed | Susquehanna Growth Equity |
| Contentsquare Tech Companies | 29 Jan 2018 | $42M | not disclosed | Canaan and Highland Europe |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Unbabel raise in its Series B round?
Unbabel raised $23M in its Series B round, announced in Jan 2018.
Who led Unbabel's Series B round?
Scale Venture Partners led it, with M12, Salesforce Ventures, Samsung Next, Notion Capital and Caixa Capital and 22 more.
What was Unbabel's valuation at the Series B round?
It was not disclosed.
Did Unbabel raise again after this round?
Yes: a Series C round in Sep 2019 of $60M.