Funding round
Verkada Series D
Verkada, which works in physical security solutions development in San Mateo, raised $205M in a Series D round announced on 14 Sep 2022, led by Linse Capital, at a $3.20B post-money valuation. 7 firms took part, 6 of them already investors. It is Verkada's fifth venture round on record; the one before was a Series C in Jan 2020.
$205M
Amount raised
$3.20B
Post-money valuation
$3.00B pre-money
7
Investors
1 lead
2.0x
Step-up from the Series C
$1.60B in Jan 2020
6.4%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Verkada at $3.20B after the new money, 2.0 times the $1.60B of its Series C (Jan 2020). The $205M bought investors about 6.4% of the company. It came 32 months after Verkada's Series C. It is 32% of the $644M Verkada has raised in the venture rounds on record. Verkada raised again 29 months later: a Series E round of $200M in Feb 2025, at $4.50B post-money.
Verkada's funding rounds
Verkada has 7 venture rounds on record and 1 other deal. This one is highlighted.
- Debt not a venture round 28 Oct 2016 $400K
- Seed 21 Sep 2017, led by First Round $3.9M
- Series A 11 Apr 2018, led by Next47 $15M
- Series B 25 Apr 2019, led by Meritech Capital and Sequoia Capital $40M$540M post-money
- Series C 29 Jan 2020, led by Felicis $80M$1.60B post-money
- Series D this round 14 Sep 2022, led by Linse Capital $205M$3.20B post-money
- Series E 19 Feb 2025, led by General Catalyst $200M$4.50B post-money
- Growth 3 Dec 2025, led by CapitalG $100M$5.80B post-money
Investors
Who put money in
Linse Capital led the round with 6 other firms. Linse Capital, Felicis, Next47 and Sequoia Capital and 2 more had backed Verkada before.
Lead investor
- backs 13 venture-backed companies existing investor
Also in the round
- BDT & MSD Partners backs 25 venture-backed companies new investor
- Felicis backs 237 venture-backed companies existing investor
- Next47 existing investor
- Sequoia Capital backs 589 venture-backed companies existing investor
- Meritech Capital backs 84 venture-backed companies existing investor
- backs 212 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 D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Pie Insurance Insurance - Agents, Carriers & Brokers | 1 Sep 2022 | $315M | not disclosed | Centerbridge Partners and Allianz X |
| Satispay Payment Processing & Point of Sale | 28 Sep 2022 | $307M | $960M | Addition |
| Innovafeed Animal Feed | 20 Sep 2022 | $250M | not disclosed | Qatar Investment Authority |
| Pharmaceutical Products | 13 Sep 2022 | $160M | not disclosed | Viking Global and Sofinnova Partners |
| Dairy Products - Farms & Stores | 12 Sep 2022 | $108M | $615M | Venturi and Temasek |
| Tech Companies | 28 Sep 2022 | $96M | not disclosed | Energize Capital and BridgeBank |
| Tech Companies | 1 Sep 2022 | $88M | not disclosed | not named |
| Tech Companies | 6 Sep 2022 | $70M | not disclosed | One Peak |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Verkada raise in its Series D round?
Verkada raised $205M in its Series D round, announced in Sep 2022.
Who led Verkada's Series D round?
Linse Capital led it, with BDT & MSD Partners, Felicis, Next47, Sequoia Capital and Meritech Capital and 1 more.
What was Verkada's valuation at the Series D round?
$3.20B post-money ($3.00B pre-money).
Did Verkada raise again after this round?
Yes: a Series E round in Feb 2025 of $200M at $4.50B post-money.