The Boring Company announced a Series D funding round of $3 billion led by the United Arab Emirates. The financing values The Boring Company at $23 billion.
The Boring Company is pleased to announce our Series D funding round of $3 billion, led by the United Arab Emirates. The financing now values The Boring Company at $23 billion.
Other key investors in the round include Human Capital, Vy Capital, Valor Equity Partners, Sequoia Capital, A16Z, Temasek, Shamal Holding, and Baron Capital, in addition to other valued existing and new investors.
Full details here:
What was announced
- Series D funding round of $3 billion.
- Led by the United Arab Emirates.
- Post-money valuation of $23 billion.
- Other key investors named: Human Capital, Vy Capital, Valor Equity Partners, Sequoia Capital, A16Z, Temasek, Shamal Holding, and Baron Capital, plus other existing and new investors.
Context
The Boring Company previously announced a Series C funding round in 2022.
Limits of this report
This report contains only the details stated in the source post from @boringcompany. It does not include further use-of-proceeds details, terms beyond those listed, or information from secondary reporting.