Funding round
Veeam Growth
Reported as "Growth Equity"
Veeam, which works in data management solutions development in Baar, raised $2.00B in a Growth round announced on 4 Dec 2024, led by TPG, at a $15.00B post-money valuation. 3 firms took part.
$2.00B
Amount raised
$15.00B
Post-money valuation
$13.00B pre-money
3
Investors
1 lead
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Veeam at $15.00B after the new money. The $2.00B bought investors about 13% of the company. It is Veeam's first venture round on record, 18 years after it was founded in 2006. No later venture round is on record for Veeam.
Veeam's funding rounds
This is the only venture round on record for Veeam.
- Acquisition not a venture round 9 Jan 2020, led by Insight Partners $5.00B$5.00B post-money
- Growth this round 4 Dec 2024, led by TPG $2.00B$15.00B post-money
Investors
Who put money in
TPG led the round with 2 other firms.
Comparable rounds
How it compares
410 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 40 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Hostaway Tech Companies | 17 Dec 2024 | $365M | $925M | General Atlantic |
| Tech Companies | 2 Dec 2024 | $160M | not disclosed | Light Street Capital and NewView Capital |
| Tech Companies | 19 Dec 2024 | $113M | not disclosed | KKR and Bessemer Venture Partners |
| Tech Companies | 16 Dec 2024 | $90M | not disclosed | Finnfund |
| Tech Companies | 11 Dec 2024 | $53M | not disclosed | Aldrich Capital Partners |
| Tech Companies | 11 Dec 2024 | $53M | not disclosed | Aldrich Capital Partners |
| Tech Companies | 16 Dec 2024 | $50M | not disclosed | One Peak and EIFO, the Export and Investment Fund of Denmark |
| Tech Companies | 19 Dec 2024 | $42M | not disclosed | Mercury Fund |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Veeam raise in its Growth round?
Veeam raised $2.00B in its Growth round, announced in Dec 2024.
Who led Veeam's Growth round?
TPG led it, with Temasek and Neuberger Berman Capital Solutions.
What was Veeam's valuation at the Growth round?
$15.00B post-money ($13.00B pre-money).
How does it compare with other Growth rounds in Tech Companies?
410 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $50M, and this round was 40 times the median.