Total amount raised
$276 Millions
Latest funding date
Location
Zoom has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive suite of communication tools, including video, voice, chat, and content sharing.
Keep reading to explore the intricacies of Zoom's fundraising journey and the investors backing this innovative platform.
What Is Zoom?
Zoom, founded in 2011 by Eric Yuan, is headquartered in San Jose, California. The company offers a comprehensive communications platform that includes video, voice, chat, and content sharing.
Zoom's platform is designed to facilitate seamless communication across various devices, including mobile phones, desktops, and room systems. The company has grown significantly since its inception, now employing between 5001 and 10000 people.
With a focus on innovation and user experience, Zoom continues to expand its product offerings, including Zoom Meetings, Zoom Phone, and Zoom Webinars.
How Much Funding Has Zoom Raised?
- Pre-Seed Round
- Amount Raised: $500K
- Date: February 2010
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the core technology and product.
- Seed Round
- Amount Raised: $3M
- Date: June 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and begin market testing.
- Series A
- Amount Raised: $6M
- Date: January 2013
- Lead Investors: Qualcomm Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the product and expand the team.
- Series B
- Amount Raised: $6.5M
- Date: September 2013
- Lead Investors: Horizons Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and increase market penetration.
- Series C
- Amount Raised: $30M
- Date: February 2015
- Lead Investors: Emergence Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand globally.
- Series D
- Amount Raised: $100M
- Date: January 2017
- Lead Investors: Sequoia Capital
- Valuation at Round: $1B
- Motivation Behind the Round: To invest in AR/VR, expand globally, and build a developer platform.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: January 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Post-IPO Equity
- Amount Raised: Not publicly disclosed
- Date: April 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support continued growth and innovation post-IPO.
- Post-IPO Equity
- Amount Raised: $130M
- Date: November 2021
- Lead Investors: ARK Investment Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand product offerings and market reach.
Total Amount Raised: $276M
Current Valuation: Not publicly disclosed
Key Investors
- ARK Investment Management
- Details: ARK Investment Management is a prominent investment firm known for its focus on disruptive innovation. Founded by Cathie Wood, ARK aims to identify and invest in companies that are leading the way in technological advancements.
- Investment Focus Areas: Technology, healthcare, fintech.
- Notable Investments: Tesla, Square, Roku.
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that has been investing in early-stage companies since 1972. The firm is known for backing some of the most successful tech companies in the world.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Apple, Google, Oracle.
- Emergence Capital
- Details: Emergence Capital is a venture capital firm that focuses on early and growth-stage enterprise cloud companies. The firm has a strong track record of investing in successful SaaS businesses.
- Investment Focus Areas: Enterprise software, SaaS, cloud computing.
- Notable Investments: Salesforce, Veeva Systems, Box.
- Qualcomm Ventures
- Details: Qualcomm Ventures is the investment arm of Qualcomm Incorporated, focusing on strategic investments in companies that align with Qualcomm's business interests. The firm invests in a wide range of technology sectors.
- Investment Focus Areas: Mobile technology, wireless communication, IoT.
- Notable Investments: Waze, Fitbit, Zoom.
- Horizons Ventures
- Details: Horizons Ventures is a private investment firm based in Hong Kong, known for its investments in disruptive and innovative companies. The firm is the private investment arm of Li Ka-shing.
- Investment Focus Areas: Technology, healthcare, artificial intelligence.
- Notable Investments: Facebook, Spotify, Siri.
What's Next for Zoom?
Zoom's future is brimming with opportunities, particularly in global expansion and the integration of AR and VR technologies. With a customer base of 450,000 businesses and 5,800 educational institutions, the potential for growth is immense. The company is also focusing on building a developer platform and enhancing its product features, which could significantly boost its market presence.
Given the successful Series D round led by Sequoia Capital, future fundraising seems promising. This financial backing will likely support Zoom's ambitious plans, including increasing its employee headcount and expanding its sales and marketing teams. However, the company faces stiff competition from established players like Google and Microsoft, as well as innovative newcomers like Solaborate. Continuous innovation will be crucial for Zoom to maintain its competitive edge.
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