An anonymous entity, identified only as "Arfur Rock" on X (formerly Twitter), has announced a significant funding round for an undisclosed company, securing $35 million at a $500 million valuation. The tweet, posted by Arfur Rock, also noted the company has achieved over $50 million in recurring revenue. This announcement highlights a substantial investment in a rapidly growing, yet unnamed, enterprise.
The funding round was reportedly led by 01 Advisors, a venture and advisory firm co-founded by prominent former tech executives including Dick Costolo (former Twitter CEO), Adam Bain (former Twitter COO), and David Fischer (former Meta CRO). 01 Advisors typically focuses on early growth-stage companies, primarily at the Series B stage, with a strong emphasis on B2B SaaS businesses. Their involvement signals confidence in the recipient company's operational strength and market potential.
The reported $500 million valuation for the undisclosed company underscores its significant growth trajectory and market position. Achieving over $50 million in recurring revenue (RR) suggests a robust business model with strong customer retention and predictable income streams. These financial metrics indicate a company that has successfully navigated its initial growth phases and is now poised for further scaling.
Arfur Rock has gained notoriety in the venture capital community for consistently leaking sensitive deal information, including revenue figures and unannounced funding rounds, often before official announcements. While the identity behind the Arfur Rock account remains a mystery, its posts are closely watched by investors and industry insiders for early insights into the tech and VC landscape. The account's anonymous nature, however, has also drawn scrutiny regarding the motives and accuracy of its disclosures.
This latest funding news, while lacking specific company details, reflects continued investor appetite for high-growth companies demonstrating strong revenue performance. The involvement of a reputable firm like 01 Advisors further validates the investment, pointing to a strategic move to support a company with significant scaling potential within the current market environment. The tech industry continues to see substantial capital deployment into promising ventures, even as the broader economic landscape evolves.