Funding round
Waabi Series C
Waabi, which works in autonomous vehicle development in Toronto, raised $750M in a Series C round announced on 28 Jan 2026, led by Khosla Ventures and G2 Venture Partners. 16 firms took part. It is Waabi's third venture round on record; the one before was a Series B in Jun 2024.
$750M
Amount raised
Not disclosed
Post-money valuation
16
Investors
2 leads
Valuation
What this round says about the price
Waabi did not disclose a valuation in this round. It came 19 months after Waabi's Series B. It is 73% of the $1.03B Waabi has raised in the venture rounds on record. No later venture round is on record for Waabi.
Investors
Who put money in
Khosla Ventures and G2 Venture Partners led the round with 14 other firms.
Lead investors
- Khosla Ventures backs 396 venture-backed companies new investor
- backs 33 venture-backed companies new investor
Also in the round
- Uber new investor
- NVentures new investor
- Volvo Group Venture Capital new investor
- Porsche Automobil Holding SE new investor
- BlackRock new investor
- backs 65 venture-backed companies new investor
- HarbourVest backs 37 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- BDC Capital’s Thrive Venture Fund new investor
- Export Development Canada (EDC) new investor
- TELUS Global Ventures new investor
- BMO Global Asset Management new investor
- Abu Dhabi Investment Authority backs 19 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, scaling operations and working capital.
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
231 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $63M, and this round was 12 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 14 Jan 2026 | $100M | $1.10B | Decarbonization Partners |
| Tech Companies | 7 Jan 2026 | $100M | not disclosed | DST Global and ICONIQ |
| Tech Companies | 21 Jan 2026 | $70M | not disclosed | One Peak |
| Tech Companies | 29 Jan 2026 | $45M | not disclosed | Dimension |
| Tech Companies | 8 Jan 2026 | $37M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 27 Jan 2026 | $30M | not disclosed | RPS Ventures |
| Tech Companies | 14 Jan 2026 | $30M | not disclosed | ACCELERate Fund |
| Tech Companies | 14 Jan 2026 | undisclosed | not disclosed | Apis Partners and 57 Stars |
Sources
Where this comes from
Reported by 8 sources.
Questions
Frequently asked
How much did Waabi raise in its Series C round?
Waabi raised $750M in its Series C round, announced in Jan 2026.
Who led Waabi's Series C round?
Khosla Ventures and G2 Venture Partners led it, with Uber, NVentures, Volvo Group Venture Capital, Porsche Automobil Holding SE and BlackRock and 9 more.
What was Waabi's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
231 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $63M, and this round was 12 times the median.