Funding round
VerSe Series H+
Reported as "Series J"
VerSe, which works in short video platform development in Bengaluru, raised $563M in a Series H+ round announced on 30 Apr 2022. 8 firms took part. It is VerSe's third venture round on record; the one before was a Series H+ in Aug 2021.
$563M
Amount raised
449,200,000 GBP converted
Not disclosed
Post-money valuation
8
Investors
no lead named
Valuation
What this round says about the price
VerSe did not disclose a valuation in this round; its last disclosed one was $3.00B at the Series H+ (Aug 2021). It came 8 months after VerSe's Series H+. It is 51% of the $1.11B VerSe has raised in the venture rounds on record. No later venture round is on record for VerSe.
VerSe's funding rounds
VerSe has 3 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
8 firms took part; no lead investor was named.
Investors
- Baillie Gifford
- CPP Investments
- GV backs 428 venture-backed companies
- Luxor Capital Group
- Meta
- Ontario Teachers’ Pension Plan backs 35 venture-backed companies
- Sofina backs 45 venture-backed companies
- Sumeru Ventures
Comparable rounds
How it compares
10 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $328M, and this round was 1.7 times the median. The closest in time, other companies' Series H+ rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| DailyHunt Tech Companies | 5 Apr 2022 | $805M | $5.00B | CPP Investments |
| Tech Companies | 8 Mar 2022 | $200M | $600M | Blackstone |
| Tech Companies | 31 May 2022 | $4.3M | not disclosed | Catalyst Romania |
| ShareChat Tech Companies | 16 Jun 2022 | $255M | $5.00B | GV |
| Tech Companies | 15 Jun 2022 | $5.2M | not disclosed | Statkraft Ventures and Breed Reply |
| Discord Tech Companies | 9 Sep 2021 | $500M | $15.00B | Dragoneer Investment Group |
| Tech Companies | 10 Nov 2022 | $14M | $1.30B | not named |
| Databricks Tech Companies | 31 Aug 2021 | $1.60B | $38.00B | Morgan Stanley |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did VerSe raise in its Series H+ round?
VerSe raised $563M in its Series H+ round, announced in Apr 2022.
Which investors took part in VerSe's Series H+ round?
Baillie Gifford, CPP Investments, GV, Luxor Capital Group, Meta and Ontario Teachers’ Pension Plan and 2 more.
What was VerSe's valuation at the Series H+ round?
It was not disclosed; its last disclosed one was $3.00B at the Series H+ (Aug 2021).
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 $328M, and this round was 1.7 times the median.