Funding round
Waymo Growth
Reported as "Growth Equity"
Waymo, a car rental company in Mountain View, raised $2.50B in a Growth round announced on 16 Jun 2021. 12 firms took part, 1 of them already investors. It is Waymo's second venture round on record; the one before was a Series A in Mar 2020.
$2.50B
Amount raised
Not disclosed
Post-money valuation
12
Investors
no lead named
Valuation
What this round says about the price
Waymo did not disclose a valuation in this round. It came 15 months after Waymo's Series A. It is 9.5% of the $26.40B Waymo has raised in the venture rounds on record. Waymo raised again 40 months later: a Series C round of $5.60B in Oct 2024, at $45.00B post-money.
Waymo's funding rounds
Waymo has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 1 Mar 2020, led by Silver Lake $2.30B
- Growth this round 16 Jun 2021 $2.50B
- Series C 1 Oct 2024, led by Alphabet and Andreessen Horowitz $5.60B$45.00B post-money
- Series D 1 Feb 2026, led by Alphabet, Dragoneer Investment Group and DST Global $16.00B$126.00B post-money
- Debt not a venture round 8 Oct 2026, led by Goldman Sachs $5.00B
Investors
Who put money in
12 firms took part; no lead investor was named.
Investors
- Alphabet existing investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- AutoNation new investor
- Canada Pension Plan Investment Board new investor
- Fidelity Management & Research Company new investor
- Magna International new investor
- Mubadala backs 42 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- Silver Lake backs 44 venture-backed companies new investor
- T. Rowe Price Associates new investor
- Temasek backs 195 venture-backed companies new investor
- Tiger Global backs 391 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Scaling operations
- Working capital
Comparable rounds
How it compares
5 Growth rounds in Car Rental within a year either side disclosed an amount; the median was $61M, and this round was 41 times the median. The closest in time, other companies' Growth rounds in Car Rental:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Car Rental | 28 Jun 2021 | $70M | not disclosed | not named |
| Car Rental | 4 Jun 2021 | $61M | not disclosed | not named |
| Car Rental | 30 Jun 2021 | $59M | not disclosed | Seaya |
| Car Rental | 19 Oct 2021 | $41M | not disclosed | Synterra Capital Management |
| Car Rental | 18 May 2022 | $215M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Waymo raise in its Growth round?
Waymo raised $2.50B in its Growth round, announced in Jun 2021.
Which investors took part in Waymo's Growth round?
Alphabet, Andreessen Horowitz, AutoNation, Canada Pension Plan Investment Board, Fidelity Management & Research Company and Magna International and 6 more.
What was Waymo's valuation at the Growth round?
It was not disclosed.
How does it compare with other Growth rounds in Car Rental?
5 Growth rounds in Car Rental within a year either side disclosed an amount; the median was $61M, and this round was 41 times the median.
Did Waymo raise again after this round?
Yes: a Series C round in Oct 2024 of $5.60B at $45.00B post-money.