Funding round
Cockroach Labs Series E
Cockroach Labs, which works in distributed SQL database software development in New York, raised $160M in a Series E round announced on 12 Jan 2021, led by Altimeter, at a $2.00B post-money valuation. 9 firms took part, 7 of them already investors. It is Cockroach Labs' fourth venture round on record; the one before was a Series D in May 2020.
$160M
Amount raised
$2.00B
Post-money valuation
$1.84B pre-money
9
Investors
1 lead
8.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cockroach Labs at $2.00B after the new money. The $160M bought investors about 8.0% of the company. It came 8 months after Cockroach Labs' Series D. It is 27% of the $586M Cockroach Labs has raised in the venture rounds on record. Cockroach Labs raised again 11 months later: a Series F round of $278M in Dec 2021, at $5.00B post-money.
Cockroach Labs' funding rounds
Cockroach Labs has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Altimeter led the round with 8 other firms. Altimeter, Benchmark, BOND and FirstMark and 3 more had backed Cockroach Labs before.
Lead investor
- Altimeter backs 67 venture-backed companies existing investor
Also in the round
- Greenoaks backs 77 venture-backed companies new investor
- Lone Pine new investor
- Benchmark existing investor
- BOND backs 91 venture-backed companies existing investor
- FirstMark backs 128 venture-backed companies existing investor
- GV backs 428 venture-backed companies existing investor
- Index Ventures backs 353 venture-backed companies existing investor
- Tiger Global backs 391 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
117 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $130M, and this round was 1.2 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Jan 2021 | $288M | $5.40B | EQT |
| Bloomreach Tech Companies | 26 Jan 2021 | $150M | $900M | Sixth Street Growth |
| Tech Companies | 12 Jan 2021 | $100M | not disclosed | BlackRock |
| Tech Companies | 6 Jan 2021 | $100M | $1.10B | Owl Rock Capital |
| Tech Companies | 1 Jan 2021 | $39M | not disclosed | not named |
| Automattic Tech Companies | 1 Feb 2021 | $288M | $7.50B | Alta Park Capital Partners |
| Plume Tech Companies | 23 Feb 2021 | $270M | $1.35B | Insight Partners |
| Highspot Tech Companies | 22 Feb 2021 | $200M | $2.30B | Tiger Global Management |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Cockroach Labs raise in its Series E round?
Cockroach Labs raised $160M in its Series E round, announced in Jan 2021.
Who led Cockroach Labs' Series E round?
Altimeter led it, with Greenoaks, Lone Pine, Benchmark, BOND and FirstMark and 3 more.
What was Cockroach Labs' valuation at the Series E round?
$2.00B post-money ($1.84B pre-money).
How does it compare with other Series E rounds in Tech Companies?
117 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $130M, and this round was 1.2 times the median.
Did Cockroach Labs raise again after this round?
Yes: a Series F round in Dec 2021 of $278M at $5.00B post-money.