Funding round
Waymo Series D
Waymo, a car rental company in Mountain View, raised $16.00B in a Series D round announced on 1 Feb 2026, led by Alphabet, Dragoneer Investment Group, DST Global and Sequoia Capital, at a $126.00B post-money valuation. 4 firms took part, 1 of them already investors. It is Waymo's fourth venture round on record; the one before was a Series C in Oct 2024.
$16.00B
Amount raised
$126.00B
Post-money valuation
$110.00B pre-money
4
Investors
4 leads
2.8x
Step-up from the Series C
$45.00B in Oct 2024
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Waymo at $126.00B after the new money, 2.8 times the $45.00B of its Series C (Oct 2024). The $16.00B bought investors about 13% of the company. It came 16 months after Waymo's Series C. It is 61% of the $26.40B Waymo has raised in the venture rounds on record. No later venture round is on record for Waymo.
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 1 Oct 2024, led by Alphabet and Andreessen Horowitz $5.60B$45.00B post-money
- Series D this round 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, Dragoneer Investment Group, DST Global and Sequoia Capital led the round. Alphabet had backed Waymo before.
Lead investors
- Alphabet existing investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- DST Global backs 179 venture-backed companies new investor
- Sequoia Capital backs 589 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 and scaling operations.
- Product development
- Geographic expansion
- Scaling operations
Comparable rounds
How it compares
The closest in time: 1 in Car Rental, then Series D rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| FINN Car Rental | 24 Jun 2026 | $160M | $1.14B | Portage Ventures |
| ElevenLabs Tech Companies | 4 Feb 2026 | $500M | $11.00B | Sequoia Capital |
| Temporal Tech Companies | 17 Feb 2026 | $300M | $5.00B | Andreessen Horowitz |
| Allica Bank Banks & ATMs | 25 Feb 2026 | $155M | $1.20B | Ventura Capital |
| Pharmaceutical Products | 5 Feb 2026 | $130M | not disclosed | Frazier Life Sciences and Venrock |
| Electronical Components Manufacturing | 23 Feb 2026 | $106M | not disclosed | 67 Capital and Marunouchi Innovation Partners |
| Lunar Energy Batteries | 4 Feb 2026 | $102M | not disclosed | B Capital and Prelude Ventures |
| Health Care Services | 3 Feb 2026 | $100M | $1.00B | Goodwater Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Waymo raise in its Series D round?
Waymo raised $16.00B in its Series D round, announced in Feb 2026.
Who led Waymo's Series D round?
Alphabet, Dragoneer Investment Group, DST Global and Sequoia Capital led it.
What was Waymo's valuation at the Series D round?
$126.00B post-money ($110.00B pre-money).