Funding round
Waymo Series A
Waymo, a car rental company in Mountain View, raised $2.30B in a Series A round announced on 1 Mar 2020, led by Silver Lake. 7 firms took part. It is Waymo's first venture round on record.
$2.30B
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
Valuation
What this round says about the price
Waymo did not disclose a valuation in this round. It is Waymo's first venture round on record, 11 years after it was founded in 2009. It is 8.7% of the $26.40B Waymo has raised in the venture rounds on record. Waymo raised again 15 months later: a Growth round of $2.50B in Jun 2021. Its next priced round, a Series C in Oct 2024, valued it at $45.00B.
Waymo's funding rounds
Waymo has 4 venture rounds on record and 1 other deal. This one is highlighted.
- Series A this round 1 Mar 2020, led by Silver Lake $2.30B
- Growth 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
Silver Lake led the round with 6 other firms.
Lead investor
- Silver Lake backs 44 venture-backed companies new investor
Also in the round
- Alphabet new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- AutoNation new investor
- Canada Pension Plan Investment Board new investor
- Magna International new investor
- Mubadala Capital | Ventures US 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
10 Series A rounds in Car Rental within a year either side disclosed an amount; the median was $14M, and this round was 170 times the median. The closest in time, other companies' Series A rounds in Car Rental:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Car Rental | 20 Feb 2020 | $18M | $118M | Eugene Private Equity Co. Ltd. |
| Car Rental | 10 Feb 2020 | $6.1M | not disclosed | not named |
| Car Rental | 31 May 2020 | $26M | not disclosed | Sequoia India and Hana Ventures |
| Car Rental | 19 Jun 2020 | $3.4M | not disclosed | AppWorks |
| Car Rental | 5 Nov 2019 | $30M | not disclosed | Global Founders Capital |
| Car Rental | 5 Nov 2019 | $2.6M | not disclosed | not named |
| Car Rental | 12 Nov 2020 | $11M | not disclosed | Shell Ventures and Building Ventures |
| Car Rental | 10 Dec 2020 | $16M | not disclosed | DOV Management |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Waymo raise in its Series A round?
Waymo raised $2.30B in its Series A round, announced in Mar 2020.
Who led Waymo's Series A round?
Silver Lake led it, with Alphabet, Andreessen Horowitz, AutoNation, Canada Pension Plan Investment Board and Magna International and 1 more.
What was Waymo's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Car Rental?
10 Series A rounds in Car Rental within a year either side disclosed an amount; the median was $14M, and this round was 170 times the median.
Did Waymo raise again after this round?
Yes: a Growth round in Jun 2021 of $2.50B.