Funding round
VerSe Series H+
Reported as "Series I"
VerSe, which works in short video platform development in Bengaluru, raised $450M in a Series H+ round announced on 11 Aug 2021, led by Siguler Guff, at a $3.00B post-money valuation. 6 firms took part, 3 of them already investors. It is VerSe's second venture round on record; the one before was a Series H+ in Feb 2021.
$450M
Amount raised
$3.00B
Post-money valuation
$2.55B pre-money
6
Investors
1 lead
15%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced VerSe at $3.00B after the new money. The $450M bought investors about 15% of the company. It came 6 months after VerSe's Series H+. It is 40% of the $1.11B VerSe has raised in the venture rounds on record. VerSe raised again 8 months later: a Series H+ round of $563M in Apr 2022.
VerSe's funding rounds
VerSe has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Siguler Guff led the round with 5 other firms. Sofina, Qatar Investment Authority and B Capital had backed VerSe before.
Lead investor
- backs 8 venture-backed companies new investor
Also in the round
- Baillie Gifford new investor
- Carlyle backs 22 venture-backed companies new investor
- Sofina backs 45 venture-backed companies existing investor
- Qatar Investment Authority backs 71 venture-backed companies existing investor
- B Capital backs 156 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, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
13 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $200M, and this round was 2.3 times the median. The closest in time, other companies' Series H+ rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| 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 |
| Olive Tech Companies | 1 Jul 2021 | $400M | $4.00B | Vista Equity Partners and Base10 Partners |
| Tech Companies | 8 Mar 2022 | $200M | $600M | Blackstone |
| Tech Companies | 1 Jan 2021 | $10M | not disclosed | not named |
| DailyHunt Tech Companies | 5 Apr 2022 | $805M | $5.00B | CPP Investments |
| DailyHunt Tech Companies | 31 Dec 2020 | $100M | $1.01B | Alpha Wave Global |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did VerSe raise in its Series H+ round?
VerSe raised $450M in its Series H+ round, announced in Aug 2021.
Who led VerSe's Series H+ round?
Siguler Guff led it, with Baillie Gifford, Carlyle, Sofina, Qatar Investment Authority and B Capital.
What was VerSe's valuation at the Series H+ round?
$3.00B post-money ($2.55B pre-money).
How does it compare with other Series H+ rounds in Tech Companies?
13 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $200M, and this round was 2.3 times the median.
Did VerSe raise again after this round?
Yes: a Series H+ round in Apr 2022 of $563M.