Funding round
Vanta Series B
Vanta, which works in AI-Powered trust management solutions in San Francisco, raised $110M in a Series B round announced on 8 Jun 2022, led by Craft Ventures, at a $1.60B post-money valuation. 3 firms took part, 2 of them already investors. It is Vanta's third venture round on record; the one before was a Series A in May 2021.
$110M
Amount raised
$1.60B
Post-money valuation
$1.49B pre-money
3
Investors
1 lead
3.2x
Step-up from the Series A
$500M in May 2021
6.9%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Vanta at $1.60B after the new money, 3.2 times the $500M of its Series A (May 2021). The $110M bought investors about 6.9% of the company. It came 13 months after Vanta's Series A. It is 24% of the $463M Vanta has raised in the venture rounds on record. Vanta raised again 25 months later: a Series C round of $150M in Jul 2024, at $2.45B post-money.
Vanta's funding rounds
Vanta has 5 venture rounds on record. This one is highlighted.
- Seed 1 Jan 2018 $3.0M
- Series A 4 May 2021, led by Sequoia Capital $50M$500M post-money
- Series B this round 8 Jun 2022, led by Craft Ventures $110M$1.60B post-money
- Series C 24 Jul 2024, led by Sequoia Capital $150M$2.45B post-money
- Series D 23 Jul 2025, led by Wellington Management $150M$4.15B post-money
Investors
Who put money in
Craft Ventures led the round with 2 other firms. Sequoia Capital and Y Combinator had backed Vanta before.
Lead investor
- Craft Ventures backs 197 venture-backed companies new investor
Also in the round
- Sequoia Capital backs 589 venture-backed companies existing investor
- Y Combinator backs 1,295 venture-backed companies existing 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
979 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 3.7 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Metropolis Tech Companies | 15 Jun 2022 | $167M | not disclosed | 3L Growth Equity and Assembly Ventures |
| Tech Companies | 21 Jun 2022 | $100M | not disclosed | not named |
| Tech Companies | 7 Jun 2022 | $80M | not disclosed | Bellis Phantom Holdco |
| Tech Companies | 1 Jun 2022 | $80M | not disclosed | Greenoaks |
| Tech Companies | 28 Jun 2022 | $62M | not disclosed | Susquehanna Growth Equity |
| Tech Companies | 28 Jun 2022 | $60M | not disclosed | National Grid Partners |
| Tech Companies | 30 Jun 2022 | $60M | not disclosed | BOND |
| Tech Companies | 9 Jun 2022 | $57M | not disclosed | Insight Partners and Canapi Ventures |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Vanta raise in its Series B round?
Vanta raised $110M in its Series B round, announced in Jun 2022.
Who led Vanta's Series B round?
Craft Ventures led it, with Sequoia Capital and Y Combinator.
What was Vanta's valuation at the Series B round?
$1.60B post-money ($1.49B pre-money).
How does it compare with other Series B rounds in Tech Companies?
979 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 3.7 times the median.
Did Vanta raise again after this round?
Yes: a Series C round in Jul 2024 of $150M at $2.45B post-money.