Funding round
VerSe Series H+
Reported as "Series H"
VerSe, which works in short video platform development in Bengaluru, raised $100M in a Series H+ round announced on 8 Feb 2021, led by Qatar Investment Authority and Glade Brook. 4 firms took part. It is VerSe's first venture round on record.
$100M
Amount raised
Not disclosed
Post-money valuation
4
Investors
2 leads
Valuation
What this round says about the price
VerSe did not disclose a valuation in this round. It is VerSe's first venture round on record, 14 years after it was founded in 2007. It is 9.0% of the $1.11B VerSe has raised in the venture rounds on record. VerSe raised again 6 months later: a Series H+ round of $450M in Aug 2021, at $3.00B post-money.
VerSe's funding rounds
VerSe has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Qatar Investment Authority and Glade Brook led the round with 2 other firms.
Lead investors
- Qatar Investment Authority backs 71 venture-backed companies new investor
- Glade Brook backs 30 venture-backed companies new investor
Also in the round
- Canaan Valley Capital new investor
- Sofina backs 45 venture-backed companies new 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
10 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $125M, and this round was 80% of the median. The closest in time, other companies' Series H+ rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Jan 2021 | $10M | not disclosed | not named |
| DailyHunt Tech Companies | 31 Dec 2020 | $100M | $1.01B | Alpha Wave Global |
| Discord Tech Companies | 25 Nov 2020 | $100M | $7.00B | Greenoaks |
| Olive Tech Companies | 1 Jul 2021 | $400M | $4.00B | Vista Equity Partners and Base10 Partners |
| Tanium Tech Companies | 18 Sep 2020 | $150M | $9.00B | not named |
| Databricks Tech Companies | 31 Aug 2021 | $1.60B | $38.00B | Morgan Stanley |
| DailyHunt Tech Companies | 11 Aug 2021 | $451M | $3.00B | not named |
| Discord Tech Companies | 9 Sep 2021 | $500M | $15.00B | Dragoneer Investment Group |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did VerSe raise in its Series H+ round?
VerSe raised $100M in its Series H+ round, announced in Feb 2021.
Who led VerSe's Series H+ round?
Qatar Investment Authority and Glade Brook led it, with Canaan Valley Capital and Sofina.
What was VerSe's valuation at the Series H+ round?
It was not disclosed.
How does it compare with other Series H+ rounds in Tech Companies?
10 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $125M, and this round was 80% of the median.
Did VerSe raise again after this round?
Yes: a Series H+ round in Aug 2021 of $450M at $3.00B post-money.