Tech Company Financing Transactions
The Boring Co. Funding Round
Sequoia Capital, VY Capital and 8VC invested in a $675 million Series C funding round for The Boring Co.. This venture round was recorded on 4/20/2022.
Transaction Overview
Company Name
Announced On
4/20/2022
Transaction Type
Venture Equity
Amount
$675,000,000
Round
Series C
Investors
Proceeds Purpose
The funds from the round will be used to significantly increase hiring across engineering, operations, and production to build and scale Loop projects, including Vegas Loop and others, in addition to accelerating the research and development of Prufrock and future products.
Company Information
Company Status
Private & Independent
Industry
Transportation
Mailing Address
216 Park Rd.
Burlingame, CA 94010
USA
Burlingame, CA 94010
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
The Boring Company provides construction services. The Company specializes in infrastructure and tunnel construction projects. TBC - The Boring serves customers in the United States.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Elon Musk
Browse more venture capital transactions:
Prev: 4/20/2022: Tulu venture capital transaction
Next: 4/20/2022: Tandem PV venture capital transaction
Share this article
Where The Data Comes From
We do our best to record every notable VC transaction. VC transactions reported here are sourced from news reports and company announcements. The information is sourced from VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs