Funding round
Cockroach Labs Series F
Cockroach Labs, which works in distributed SQL database software development in New York, raised $278M in a Series F round announced on 16 Dec 2021, led by Greenoaks, at a $5.00B post-money valuation. 12 firms took part. It is Cockroach Labs' fifth venture round on record; the one before was a Series E in Jan 2021.
$278M
Amount raised
$5.00B
Post-money valuation
$4.72B pre-money
12
Investors
1 lead
2.5x
Step-up from the Series E
$2.00B in Jan 2021
5.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cockroach Labs at $5.00B after the new money, 2.5 times the $2.00B of its Series E (Jan 2021). The $278M bought investors about 5.6% of the company. It came 11 months after Cockroach Labs' Series E. It is 47% of the $586M Cockroach Labs has raised in the venture rounds on record. No later venture round is on record for Cockroach Labs.
Cockroach Labs' funding rounds
Cockroach Labs has 5 venture rounds on record. This one is highlighted.
Investors
Who put money in
Greenoaks led the round with 11 other firms.
Lead investor
- Greenoaks backs 77 venture-backed companies new investor
Also in the round
- Altimeter backs 67 venture-backed companies new investor
- BOND backs 91 venture-backed companies new investor
- Benchmark new investor
- Coatue backs 229 venture-backed companies new investor
- FirstMark backs 128 venture-backed companies new investor
- GV backs 428 venture-backed companies new investor
- Index Ventures backs 353 venture-backed companies new investor
- J.P. Morgan new investor
- Lone Pine Capital new investor
- Redpoint Ventures backs 194 venture-backed companies new investor
- Tiger Global backs 391 venture-backed companies new 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
45 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was 1.6 times the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 13 Dec 2021 | $735M | $11.00B | XN |
| Tech Companies | 16 Dec 2021 | $170M | $2.20B | ICONIQ Capital |
| Tech Companies | 1 Dec 2021 | $150M | not disclosed | not named |
| Tech Companies | 14 Dec 2021 | $63M | not disclosed | not named |
| Highspot Tech Companies | 13 Jan 2022 | $248M | $3.50B | B Capital and D1 Capital Partners |
| Clari Tech Companies | 19 Jan 2022 | $225M | $2.60B | Blackstone |
| Tech Companies | 18 Jan 2022 | $175M | $3.00B | Thrive Capital and Tiger Global |
| Tech Companies | 18 Nov 2021 | $100M | $6.10B | Franklin Templeton and Altimeter |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Cockroach Labs raise in its Series F round?
Cockroach Labs raised $278M in its Series F round, announced in Dec 2021.
Who led Cockroach Labs' Series F round?
Greenoaks led it, with Altimeter, BOND, Benchmark, Coatue and FirstMark and 6 more.
What was Cockroach Labs' valuation at the Series F round?
$5.00B post-money ($4.72B pre-money).
How does it compare with other Series F rounds in Tech Companies?
45 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $170M, and this round was 1.6 times the median.