Funding round
Unbabel Series C
Unbabel, which works in multilingual translation services in San Francisco, raised $60M in a Series C round announced on 25 Sep 2019, led by Point72 Ventures. 12 firms took part, 11 of them already investors. It is Unbabel's third venture round on record; the one before was a Series B in Jan 2018.
$60M
Amount raised
Not disclosed
Post-money valuation
12
Investors
1 lead
Valuation
What this round says about the price
Unbabel did not disclose a valuation in this round. It came 20 months after Unbabel's Series B. It is 71% of the $85M Unbabel has raised in the venture rounds on record. No later venture round is on record for Unbabel.
Investors
Who put money in
Point72 Ventures led the round with 11 other firms. Headline, Greycroft, Indico Capital Partners and Scale Venture Partners and 7 more had backed Unbabel before.
Lead investor
- Point72 Ventures backs 72 venture-backed companies new investor
Also in the round
- backs 163 venture-backed companies existing investor
- Greycroft backs 236 venture-backed companies existing investor
- backs 25 venture-backed companies existing investor
- backs 96 venture-backed companies existing investor
- backs 64 venture-backed companies existing investor
- backs 10 venture-backed companies existing investor
- backs 30 venture-backed companies existing investor
- backs 107 venture-backed companies existing investor
- backs 20 venture-backed companies existing investor
- M12 backs 141 venture-backed companies existing investor
- backs 138 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
The closest in time: Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Capsule Drug Stores & Pharmacies | 30 Sep 2019 | $200M | not disclosed | Technology Crossover Ventures |
| Fundbox Loans & Financing | 24 Sep 2019 | $176M | not disclosed | Allianz X and Healthcare of Ontario Pension Plan |
| Health Care Services | 1 Sep 2019 | $98M | not disclosed | not named |
| Trulioo Tech Companies | 17 Sep 2019 | $70M | not disclosed | not named |
| Dairy Products - Farms & Stores | 21 Sep 2019 | $65M | not disclosed | Euclidean Capital |
| Employment Agencies & HR Consulting | 10 Sep 2019 | $56M | not disclosed | Highland Europe |
| Clothing Stores | 13 Sep 2019 | $52M | not disclosed | not named |
| Tech Companies | 9 Sep 2019 | $50M | $500M | Coatue |
Sources
Where this comes from
Reported by 4 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 C round?
Unbabel raised $60M in its Series C round, announced in Sep 2019.
Who led Unbabel's Series C round?
Point72 Ventures led it, with Headline, Greycroft, Indico Capital Partners, Scale Venture Partners and Notion Capital and 6 more.
What was Unbabel's valuation at the Series C round?
It was not disclosed.