Funding round
Wasabi Series D
Wasabi, which works in cloud storage solutions in Boston, raised $15M in a Series D round announced on 7 Dec 2022, led by Azura and SiS Cloud Global Tech Fund 8. 3 firms took part, 1 of them already investors. It is Wasabi's fourth venture round on record; the one before was a Series C in Apr 2021.
$15M
Amount raised
Not disclosed
Post-money valuation
3
Investors
2 leads
Valuation
What this round says about the price
Wasabi did not disclose a valuation in this round; its last disclosed one was $700M at the Series C (Apr 2021). It came 20 months after Wasabi's Series C. It is 4.6% of the $328M Wasabi has raised in the venture rounds on record. Wasabi raised again 34 months later: a Growth round of $33M in Oct 2025. Its next priced round, a Growth in Jan 2026, valued it at $1.80B.
Wasabi's funding rounds
Wasabi has 6 venture rounds on record and 2 other deals. This one is highlighted.
- Series B 12 Sep 2018, led by Forestay $68M
- Growth 28 May 2020, led by Forestay $30M$281M post-money
- Debt not a venture round 19 Jan 2021, led by MGG Investment Group $28M
- Series C 29 Apr 2021, led by Fidelity Management & Research Company $112M$700M post-money
- Series D this round 7 Dec 2022, led by Azura and SiS Cloud Global Tech Fund 8 $15M
- Growth 1 Oct 2025 $33M
- Growth 13 Jan 2026, led by L2 Point $70M$1.80B post-money
- Debt not a venture round 21 Apr 2026, led by Bain Capital $250M$1.80B post-money
Investors
Who put money in
Azura and SiS Cloud Global Tech Fund 8 led the round with 1 other firm. Prosperity7 Ventures had backed Wasabi before.
Lead investors
- Azura new investor
- SiS Cloud Global Tech Fund 8 new investor
Also in the round
- backs 48 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion, scaling operations and working capital.
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: 2 in Hosting & Cloud Infrastructure Providers, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Hosting & Cloud Infrastructure Providers | 21 Jun 2022 | $140M | not disclosed | Yttrium and Morgan Stanley |
| Hosting & Cloud Infrastructure Providers | 11 May 2022 | $210M | not disclosed | Eurazeo |
| Health Care Services | 8 Dec 2022 | $82M | $699M | not named |
| KreditBee Loans & Financing | 2 Dec 2022 | $80M | not disclosed | Premji Invest |
| Medical Supply Manufacturers | 21 Dec 2022 | $72M | $717M | not named |
| Sun King Solar Energy Company | 15 Dec 2022 | $70M | $330M | LeapFrog Investments |
| Tech Companies | 13 Dec 2022 | $50M | $1.00B | Ontario Teachers’ Pension Plan |
| Loans & Financing | 15 Dec 2022 | $36M | not disclosed | FMO |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Wasabi raise in its Series D round?
Wasabi raised $15M in its Series D round, announced in Dec 2022.
Who led Wasabi's Series D round?
Azura and SiS Cloud Global Tech Fund 8 led it, with Prosperity7 Ventures.
What was Wasabi's valuation at the Series D round?
It was not disclosed; its last disclosed one was $700M at the Series C (Apr 2021).
Did Wasabi raise again after this round?
Yes: a Growth round in Oct 2025 of $33M.