Funding round
Cockroach Labs Series C
Cockroach Labs, which works in distributed SQL database software development in New York, raised $55M in a Series C round announced on 6 Aug 2019, led by Altimeter, Tiger Global and GV. 8 firms took part, 6 of them already investors. It is Cockroach Labs' second venture round on record; the one before was a Series A in Jun 2015.
$55M
Amount raised
Not disclosed
Post-money valuation
8
Investors
3 leads
Valuation
What this round says about the price
Cockroach Labs did not disclose a valuation in this round. It came 50 months after Cockroach Labs' Series A. It is 9.4% of the $586M Cockroach Labs has raised in the venture rounds on record. Cockroach Labs raised again 9 months later: a Series D round of $87M in May 2020. Its next priced round, a Series E in Jan 2021, valued it at $2.00B.
Cockroach Labs' funding rounds
Cockroach Labs has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Altimeter, Tiger Global and GV led the round with 5 other firms. GV, Benchmark, Index Ventures and Redpoint Ventures and 2 more had backed Cockroach Labs before.
Lead investors
Also in the round
- Benchmark existing investor
- Index Ventures backs 353 venture-backed companies existing investor
- Redpoint Ventures backs 194 venture-backed companies existing investor
- FirstMark backs 128 venture-backed companies existing investor
- backs 35 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
260 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 1.6 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 12 Aug 2019 | $283M | not disclosed | China Everbright |
| Tech Companies | 1 Aug 2019 | $67M | not disclosed | Yangtze River Delta Collaborative Advantage Industry Fund |
| Uniphore Tech Companies | 13 Aug 2019 | $51M | not disclosed | March Capital |
| Tech Companies | 15 Aug 2019 | $30M | not disclosed | Sorenson Capital |
| Tech Companies | 19 Aug 2019 | $30M | not disclosed | Polaris Partners |
| Tech Companies | 8 Aug 2019 | $23M | not disclosed | O.G. Venture Partners |
| Tech Companies | 22 Aug 2019 | $13M | not disclosed | MissionOG and Notion Capital |
| Tech Companies | 21 Aug 2019 | $6.0M | not disclosed | PeakSpan Capital |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Cockroach Labs raise in its Series C round?
Cockroach Labs raised $55M in its Series C round, announced in Aug 2019.
Who led Cockroach Labs' Series C round?
Altimeter, Tiger Global and GV led it, with Benchmark, Index Ventures, Redpoint Ventures, FirstMark and Work-Bench.
What was Cockroach Labs' valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
260 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $35M, and this round was 1.6 times the median.
Did Cockroach Labs raise again after this round?
Yes: a Series D round in May 2020 of $87M.