Funding round
Cockroach Labs Series D
Cockroach Labs, which works in distributed SQL database software development in New York, raised $87M in a Series D round announced on 5 May 2020, led by Altimeter and BOND. 9 firms took part. It is Cockroach Labs' third venture round on record; the one before was a Series C in Aug 2019.
$87M
Amount raised
Not disclosed
Post-money valuation
9
Investors
2 leads
Valuation
What this round says about the price
Cockroach Labs did not disclose a valuation in this round. It came 9 months after Cockroach Labs' Series C. It is 15% of the $586M Cockroach Labs has raised in the venture rounds on record. Cockroach Labs raised again 8 months later: a Series E round of $160M in Jan 2021, at $2.00B post-money.
Cockroach Labs' funding rounds
Cockroach Labs has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Altimeter and BOND led the round with 7 other firms.
Lead investors
Also in the round
- Benchmark new investor
- GV backs 428 venture-backed companies new investor
- Index Ventures backs 353 venture-backed companies new investor
- Redpoint Ventures backs 194 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies new investor
- backs 2 venture-backed companies new investor
- FirstMark backs 128 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
152 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $68M, and this round was 1.3 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 28 May 2020 | $52M | not disclosed | C5 Capital and B Capital |
| Tech Companies | 28 May 2020 | $50M | not disclosed | Alkeon |
| Tech Companies | 28 May 2020 | $50M | not disclosed | Georgian |
| Tech Companies | 13 May 2020 | $50M | not disclosed | CapitalG |
| Tech Companies | 20 May 2020 | $30M | not disclosed | Greenspring Associates |
| Tech Companies | 7 May 2020 | $18M | not disclosed | Northgate |
| Discord Tech Companies | 30 Jun 2020 | $100M | $3.50B | not named |
| Tech Companies | 24 Jun 2020 | $63M | not disclosed | Wafra |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Cockroach Labs raise in its Series D round?
Cockroach Labs raised $87M in its Series D round, announced in May 2020.
Who led Cockroach Labs' Series D round?
Altimeter and BOND led it, with Benchmark, GV, Index Ventures, Redpoint Ventures and Sequoia Capital and 2 more.
What was Cockroach Labs' valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
152 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $68M, and this round was 1.3 times the median.
Did Cockroach Labs raise again after this round?
Yes: a Series E round in Jan 2021 of $160M at $2.00B post-money.