Funding round
Workato Series B
Workato, which works in enterprise integration platform solutions in Palo Alto, raised $25M in a Series B round announced on 5 Dec 2018, led by Battery Ventures. 4 firms took part. It is Workato's second venture round on record; the one before was a Series A in Jul 2017.
$25M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Workato did not disclose a valuation in this round. It came 17 months after Workato's Series A. It is 6.0% of the $415M Workato has raised in the venture rounds on record. Workato raised again 11 months later: a Series C round of $70M in Nov 2019. Its next priced round, a Series D in Sep 2021, valued it at $1.70B.
Workato's funding rounds
Workato has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Battery Ventures led the round with 3 other firms.
Lead investor
- Battery Ventures backs 215 venture-backed companies new investor
Also in the round
- backs 68 venture-backed companies new investor
- ServiceNow new investor
- Workday Ventures new investor
Comparable rounds
How it compares
494 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 1.3 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Fair Holdings Tech Companies | 20 Dec 2018 | $385M | $1.00B | SoftBank |
| Zwift Tech Companies | 19 Dec 2018 | $120M | not disclosed | Highland Europe |
| Tech Companies | 12 Dec 2018 | $40M | not disclosed | Insight Partners |
| Tech Companies | 20 Dec 2018 | $40M | not disclosed | Lux Capital |
| Tech Companies | 12 Dec 2018 | $35M | not disclosed | Accel and Syngenta Ventures |
| Tech Companies | 12 Dec 2018 | $35M | not disclosed | Accel and Syngenta Ventures |
| Tech Companies | 12 Dec 2018 | $30M | not disclosed | Insight Partners |
| Tech Companies | 29 Dec 2018 | $29M | $145M | ADDOR CAPITAL |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Workato raise in its Series B round?
Workato raised $25M in its Series B round, announced in Dec 2018.
Who led Workato's Series B round?
Battery Ventures led it, with Storm Ventures, ServiceNow and Workday Ventures.
What was Workato's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
494 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $20M, and this round was 1.3 times the median.
Did Workato raise again after this round?
Yes: a Series C round in Nov 2019 of $70M.