Funding round
Workato Series D
Workato, which works in enterprise integration platform solutions in Palo Alto, raised $110M in a Series D round announced on 8 Sep 2021, led by Altimeter, at a $1.70B post-money valuation. 4 firms took part. It is Workato's fourth venture round on record; the one before was a Series C in Nov 2019.
$110M
Amount raised
$1.70B
Post-money valuation
$1.59B pre-money
4
Investors
1 lead
6.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Workato at $1.70B after the new money. The $110M bought investors about 6.5% of the company. It came 22 months after Workato's Series C. It is 27% of the $415M Workato has raised in the venture rounds on record. Workato raised again 2 months later: a Series E round of $200M in Nov 2021, at $5.70B post-money.
Workato's funding rounds
Workato has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Altimeter led the round with 3 other firms.
Lead investor
- Altimeter backs 67 venture-backed companies
Also in the round
- Insight Partners backs 548 venture-backed companies
- Battery Ventures backs 215 venture-backed companies
- Redpoint Ventures backs 194 venture-backed companies
Comparable rounds
How it compares
241 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was close to the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Fivetran Tech Companies | 20 Sep 2021 | $565M | $5.60B | Andreessen Horowitz |
| Commure Tech Companies | 16 Sep 2021 | $500M | $3.50B | Human Capital and Greenoaks Capital |
| Tech Companies | 30 Sep 2021 | $125M | $1.50B | Technology Crossover Ventures |
| Arcadia Tech Companies | 15 Sep 2021 | $100M | not disclosed | Tiger Global and Drawdown Fund |
| Tech Companies | 29 Sep 2021 | $100M | not disclosed | Great Hill Partners |
| Tech Companies | 19 Sep 2021 | $98M | not disclosed | Hanaco |
| Tech Companies | 2 Sep 2021 | $75M | not disclosed | Energy Impact Partners |
| Tech Companies | 7 Sep 2021 | $30M | $280M | PBJ Capital and Omega Venture Partners |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did Workato raise in its Series D round?
Workato raised $110M in its Series D round, announced in Sep 2021.
Who led Workato's Series D round?
Altimeter led it, with Insight Partners, Battery Ventures and Redpoint Ventures.
What was Workato's valuation at the Series D round?
$1.70B post-money ($1.59B pre-money).
How does it compare with other Series D rounds in Tech Companies?
241 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was close to the median.
Did Workato raise again after this round?
Yes: a Series E round in Nov 2021 of $200M at $5.70B post-money.