Funding round
Vanta Series C
Vanta, which works in AI-Powered trust management solutions in San Francisco, raised $150M in a Series C round announced on 24 Jul 2024, led by Sequoia Capital, at a $2.45B post-money valuation. 9 firms took part, 6 of them already investors. It is Vanta's fourth venture round on record; the one before was a Series B in Jun 2022.
$150M
Amount raised
$2.45B
Post-money valuation
$2.30B pre-money
9
Investors
1 lead
1.5x
Step-up from the Series B
$1.60B in Jun 2022
6.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Vanta at $2.45B after the new money, 1.5 times the $1.60B of its Series B (Jun 2022). The $150M bought investors about 6.1% of the company. It came 25 months after Vanta's Series B. It is 32% of the $463M Vanta has raised in the venture rounds on record. Vanta raised again 12 months later: a Series D round of $150M in Jul 2025, at $4.15B 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 8 Jun 2022, led by Craft Ventures $110M$1.60B post-money
- Series C this round 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
Sequoia Capital led the round with 8 other firms. Sequoia Capital, Craft Ventures, CrowdStrike Ventures and HubSpot Ventures and 2 more had backed Vanta before.
Lead investor
- Sequoia Capital backs 589 venture-backed companies existing investor
Also in the round
- Goldman Sachs backs 218 venture-backed companies new investor
- J.P. Morgan new investor
- Atlassian Ventures new investor
- Craft Ventures backs 197 venture-backed companies existing investor
- CrowdStrike Ventures existing investor
- HubSpot Ventures existing investor
- Workday Ventures 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, geographic expansion, sales and marketing and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
242 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $52M, and this round was 2.9 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 29 Jul 2024 | $200M | $1.00B | United States Innovative Technology and Thomas Tull’s US Innovative Technology Fund (USIT) |
| Tech Companies | 30 Jul 2024 | $200M | $1.00B | General Atlantic |
| Chainguard Tech Companies | 25 Jul 2024 | $140M | $1.12B | Redpoint Ventures and Lightspeed Venture Partners |
| Harvey Tech Companies | 23 Jul 2024 | $100M | $1.50B | GV |
| Tech Companies | 10 Jul 2024 | $90M | not disclosed | TPG |
| Tech Companies | 17 Jul 2024 | $80M | not disclosed | not named |
| Tech Companies | 9 Jul 2024 | $60M | $500M | Index Ventures |
| Tech Companies | 30 Jul 2024 | $56M | not disclosed | Centana Growth Partners |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Vanta raise in its Series C round?
Vanta raised $150M in its Series C round, announced in Jul 2024.
Who led Vanta's Series C round?
Sequoia Capital led it, with Goldman Sachs, J.P. Morgan, Atlassian Ventures, Craft Ventures and CrowdStrike Ventures and 3 more.
What was Vanta's valuation at the Series C round?
$2.45B post-money ($2.30B pre-money).
How does it compare with other Series C rounds in Tech Companies?
242 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $52M, and this round was 2.9 times the median.
Did Vanta raise again after this round?
Yes: a Series D round in Jul 2025 of $150M at $4.15B post-money.