Following last week’s piece on the Largest Series A Rounds of all time, we take a look at the largest Series B rounds this week. Armed with some publicly available data from our friends at CrunchBase, I broke down the 10 largest Series B rounds of all time in the US. I have included some additional information as well, such as year of funding, industry, original Series B investors, and current status of the company, to further the analysis. In order to maintain a focus on conventional tech startups, capital intensive cleantech and biotech companies were removed from the data.
Quick Findings:
- 7 of these 10 rounds took place 2010 onwards
- There is no specific industry bias.
- 2 of these companies are Y Combinator graduates
- Two of the founders from one company on this list went on to found one of the most respected venture capital firms in the world
- 4 of these companies IPO’ed, another has an IPO pending, and one is rumored to be IPO’ng in 2014. Only one company on this list was acquired and that was after an IPO.
- With the exception of one company, all of the companies are still operational in some capacity.
10. SoFi (Social Finance) $77.2M (2012)
Industry:
Finance
Series B Investors:
Baseline Ventures
Renren
DCM
Total Venture Capital raised:
$81.2M
Did the company raise venture funding post-Series B:
No but the company did raise a number of significant debt rounds recently.
Current status:
The company is operational and private.
9. RetailMeNot $90M (2010)
Industry:
Web
Series B Investors:
Austin Ventures
Norwest Venture Partners
Adams Street Partners
Total Venture Capital raised:
$300M
Did the company raise venture funding post-Series B:
Yes
Current status:
Company IPO’d in 2013 and is currently trading at a $2.1B market cap, well above its IPO price.
8. Trilliant $106M (2010)
Industry:
Hardware
Series B Investors:
Investor Growth Capital
VantagePoint Capital Partners
General Electric
ABB
MissionPoint Capital Partners
Zouk Capital
Total Venture Capital raised:
$146M
Did the company raise venture funding post-Series B:
Yes
Current status:
The company is operational and still private but was rumored to go public in 2010.
7. eHarmony $110M (2004)
Industry:
Web
Series B Investors:
Sequoia Capital
Technology Crossover Ventures
Tuputele Ventures
Total Venture Capital raised:
$113M
Did the company raise venture funding post-Series B:
No
Current status:
The company, since it’s founding, has been through ups and downs in this increasingly competitive space and is still private.
6. Airbnb $112M (2011)
Industry:
Advertising
Series B Investors:
Andreessen Horowitz
General Catalyst Partners
Jeff Bezos
Digital Sky Technologies
CrunchFund
Ashton Kutcher
Total Venture Capital raised:
$326M
Did the company raise venture funding post-Series B:
Yes
Current status:
The company is often listed as one of the entities that will go public 2014.
5. Opsware $120M (2000)
Industry:
Software
Series B Investors:
Capital Group
Integral Capital Partners
Amerindo Investment Advisors
The Aurora Funds
Benchmark
Total Venture Capital raised:
$141M
Did the company raise venture funding post-Series B:
No
Current status:
The company, funded in 2000, is the oldest company on the list, and went not only public in 2001 but then was later acquired by HP in 2007. You may know the founders. They run a firm called Andreessen Horowitz.
4. HomeAway $160M (2006)
Industry:
Travel
Series B Investors:
Institutional Venture Partners
Trident Capital
Total Venture Capital raised:
$505M
Did the company raise venture funding post-Series B:
Yes
Current status:
IPO in 2011 and trading at $4.4B market cap, well above its IPO price.
3. Adknowledge $200M (2011)
Industry:
Advertising
Series B Investors:
JMI Equity
Bank of America
Total Venture Capital raised:
$248M
Did the company raise venture funding post-Series B:
No
Current status:
The company is operational and private.
2. Dropbox $250M (2011)
Industry:
Software
Series B Investors:
Index Ventures
RIT Capital Partners
Valiant Capital Partners
Benchmark
Goldman Sachs
Greylock Partners
Institutional Venture Partners
Sequoia Capital
Accel Partners
Glynn Capital Management
SV Angel
Total Venture Capital raised:
$607M
Did the company raise venture funding post-Series B:
Yes
Current status:
Recently filed for IPO and has been adding some key execs to probably make sure the roadshow is smooth sailing.
1. Zynga $300M (2010)
Industry:
Gaming
Series B Investors:
Kleiner Perkins Caufield & Byers
Union Square Ventures
Foundry Group
Avalon Ventures
Institutional Venture Partners
Andreessen Horowitz
Institutional Venture Partners
Tiger Global Management
Kevin Rose
Digital Sky Technologies
Google
SoftBank Capital
Total Venture Capital raised:
$867M
Did the company raise venture funding post-Series B:
Yes
Current status:
IPO. In a span of 6 months from 2010-2011, the company raised more than 3/4 of a billion. Current market cap $4.5B, but the company is trading well below its IPO price.
For your tweeting convenience:
The largest Series B round in history was $300M and was in gaming Tweet this
7 of these 10 largest Series B rounds took place 2010 onwards Tweet this
4/10 of the largest Series B rounds resulted in an IPO with 2 pending Tweet this
2 of the largest Series B rounds are Y Comb graduates Tweet this
