Funding round
Waymo Series C
Waymo, a car rental company in Mountain View, raised $5.60B in a Series C round announced on 1 Oct 2024, led by Alphabet and Andreessen Horowitz, at a $45.00B post-money valuation. 7 firms took part, 7 of them already investors. It is Waymo's third venture round on record; the one before was a Growth in Jun 2021.
$5.60B
Amount raised
$45.00B
Post-money valuation
$39.40B pre-money
7
Investors
2 leads
12%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Waymo at $45.00B after the new money. The $5.60B bought investors about 12% of the company. It came 40 months after Waymo's Growth. It is 21% of the $26.40B Waymo has raised in the venture rounds on record. Waymo raised again 16 months later: a Series D round of $16.00B in Feb 2026, at $126.00B 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 16 Jun 2021 $2.50B
- Series C this round 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
Alphabet and Andreessen Horowitz led the round with 5 other firms. Alphabet, Andreessen Horowitz, Fidelity and Perry Creek Capital and 3 more had backed Waymo before.
Lead investors
- Alphabet existing investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
Also in the round
- Fidelity existing investor
- backs 2 venture-backed companies existing investor
- Silver Lake backs 44 venture-backed companies existing investor
- Tiger Global backs 391 venture-backed companies existing investor
- T. Rowe Price existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to geographic expansion.
- Geographic expansion
Comparable rounds
How it compares
The closest in time: 1 in Car Rental, then Series C rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| FINN Car Rental | 11 Jan 2024 | $110M | $600M | Planet First Partners |
| Pharmaceutical Products | 23 Oct 2024 | $175M | not disclosed | Lightspeed Venture Partners and Ascenta Capital |
| Payment Processing & Point of Sale | 1 Oct 2024 | $149M | not disclosed | BOND |
| Pharmaceutical Products | 1 Oct 2024 | $115M | not disclosed | The Wasatch Group |
| Pharmaceutical Products | 31 Oct 2024 | $112M | not disclosed | Novo Holdings and RA Capital |
| Building Material Manufacturers | 7 Oct 2024 | $110M | not disclosed | Semapa and Vonovia |
| Banks & ATMs | 29 Oct 2024 | $110M | $1.00B | Development Partners International |
| Warehousing & Storage | 23 Oct 2024 | $106M | $1.00B | FedEx and Cedar Pine |
Sources
Where this comes from
Reported by 9 sources.
Questions
Frequently asked
How much did Waymo raise in its Series C round?
Waymo raised $5.60B in its Series C round, announced in Oct 2024.
Who led Waymo's Series C round?
Alphabet and Andreessen Horowitz led it, with Fidelity, Perry Creek Capital, Silver Lake, Tiger Global and T. Rowe Price.
What was Waymo's valuation at the Series C round?
$45.00B post-money ($39.40B pre-money).
Did Waymo raise again after this round?
Yes: a Series D round in Feb 2026 of $16.00B at $126.00B post-money.