Venture

The Crunchbase News Briefing: Tue., Sept. 29

The Briefing

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

Subscribe to the Crunchbase Daily

Seismic valued at $1.6B following $92M Series F

Seismic, a sales enablement and marketing orchestration platform provider, announced a $92 million Series F round led by Permira. New strategic investors in the round included Ameriprise Financial and EDBI, while existing investors included Jackson Square Ventures, Lightspeed Venture Partners and T. Rowe Price.

This round brings the total raised by San Diego-based Seismic to approximately $270 million to date and values the company at approximately $1.6 billion. Lightspeed and T. Rowe Price led the company’s $100 million Series E round in 2018, according to Crunchbase data.

In addition to the cash infusion, Permira made a second investment in Seismic and will be the company’s single-largest shareholder when the deal closes, Seismic said. The new funds will be used for innovation, international growth and M&A activity.

Funding rounds

IPOs

  • McAfee to go public again: Online security provider McAfee is the latest technology company to file for a U.S. initial public offering. [Read more here.]
  • AppHarvest to go public by SPAC:  Indoor farm operator AppHarvest said it was going public via an agreement with publicly-traded special purpose acquisition company Novus Capital Corp. [Read more here.]

Illustration: Dom Guzman

Copy link