Funding round
Wayve Series B
Wayve, which works in embodied AI technology development in London, raised $200M in a Series B round announced on 18 Jan 2022, led by Eclipse. 10 firms took part, 4 of them already investors, with 6 individual investors. It is Wayve's second venture round on record; the one before was a Series A in Nov 2019.
$200M
Amount raised
Not disclosed
Post-money valuation
10
Investors
1 lead
Valuation
What this round says about the price
Wayve did not disclose a valuation in this round. It came 26 months after Wayve's Series A. It is 15% of the $1.33B Wayve has raised in the venture rounds on record. Wayve raised again 28 months later: a Series C round of $1.05B in May 2024.
Wayve's funding rounds
Wayve has 4 venture rounds on record and 1 other deal. This one is highlighted.
Investors
Who put money in
Eclipse led the round with 9 other firms. Eclipse, Compound, Balderton Capital and Ocado Group had backed Wayve before.
Lead investor
- Eclipse backs 79 venture-backed companies existing investor
Also in the round
- D1 Capital Partners new investor
- Baillie Gifford new investor
- Moore Strategic Ventures new investor
- backs 13 venture-backed companies new investor
- Microsoft new investor
- Virgin new investor
- backs 32 venture-backed companies existing investor
- Balderton Capital backs 140 venture-backed companies existing investor
- Ocado Group existing investor
Individual investors: Sir Richard Branson, Rosemary Leith, Linda Levinson, David Richter, Pieter Abbeel and Yann LeCunn.
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
1,025 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 6.5 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 25 Jan 2022 | $200M | $1.25B | Unknown London-based investment firm |
| Tech Companies | 26 Jan 2022 | $103M | $1.00B | Intel Capital |
| Tech Companies | 25 Jan 2022 | $100M | not disclosed | Alpha Intelligence Capital and CDIB Capital |
| Tech Companies | 13 Jan 2022 | $73M | not disclosed | Highland Europe |
| Tech Companies | 25 Jan 2022 | $70M | not disclosed | Energy Impact Partners |
| Tech Companies | 20 Jan 2022 | $69M | not disclosed | Insight Partners and Quadrille Capital |
| Tech Companies | 18 Jan 2022 | $60M | not disclosed | not named |
| Tech Companies | 31 Jan 2022 | $57M | not disclosed | Sequoia Capital |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Wayve raise in its Series B round?
Wayve raised $200M in its Series B round, announced in Jan 2022.
Who led Wayve's Series B round?
Eclipse led it, with D1 Capital Partners, Baillie Gifford, Moore Strategic Ventures, Linse Capital and Microsoft and 4 more.
What was Wayve's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
1,025 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $31M, and this round was 6.5 times the median.
Did Wayve raise again after this round?
Yes: a Series C round in May 2024 of $1.05B.