Funding round
Coralogix Series B
Coralogix, which works in observability platform development in Ramat Gan, raised $25M in a Series B round announced on 30 Sep 2020, led by Red Dot Capital Partners and O.G. Venture Partners. 6 firms took part. It is Coralogix's second venture round on record; the one before was a Series A in Nov 2019.
$25M
Amount raised
Not disclosed
Post-money valuation
6
Investors
2 leads
Valuation
What this round says about the price
Coralogix did not disclose a valuation in this round. It came 10 months after Coralogix's Series A. It is 4.6% of the $547M Coralogix has raised in the venture rounds on record. Coralogix raised again 10 months later: a Series C round of $55M in Jul 2021. Its next priced round, a Series E in Jun 2025, valued it at $1.00B.
Coralogix's funding rounds
Coralogix has 6 venture rounds on record. This one is highlighted.
- Series A 26 Nov 2019, led by Aleph $10M
- Series B this round 30 Sep 2020, led by Red Dot Capital Partners and O.G. Venture Partners $25M
- Series C 29 Jul 2021, led by Greenfield Partners $55M
- Series D 1 Jun 2022, led by Advent International and Brighton Park Capital $142M
- Series E 17 Jun 2025, led by NewView Capital $115M$1.00B post-money
- Growth 3 Jun 2026 $200M$1.60B post-money
Investors
Who put money in
Red Dot Capital Partners and O.G. Venture Partners led the round with 4 other firms.
Lead investors
- backs 23 venture-backed companies new investor
- backs 13 venture-backed companies new investor
Also in the round
- backs 43 venture-backed companies new investor
- backs 31 venture-backed companies new investor
- Janvest Capital Partners new investor
- 2B Angels new investor
Joined the board: Barak Salomon (Red Dot Capital Partners) and Roy Oron (O.G. Tech Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
714 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $27M, and this round was close to the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 30 Sep 2020 | $160M | not disclosed | Bridgepoint |
| Tech Companies | 15 Sep 2020 | $54M | not disclosed | Menlo Ventures |
| Tech Companies | 16 Sep 2020 | $40M | not disclosed | Canapi Ventures |
| Tech Companies | 29 Sep 2020 | $40M | not disclosed | Scale Venture Partners |
| Tech Companies | 1 Sep 2020 | $35M | $105M | not named |
| Claroty Tech Companies | 15 Sep 2020 | $30M | not disclosed | Partech |
| Tech Companies | 16 Sep 2020 | $30M | not disclosed | Blackhorn Ventures |
| Tech Companies | 30 Sep 2020 | $30M | not disclosed | Yttrium |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Coralogix raise in its Series B round?
Coralogix raised $25M in its Series B round, announced in Sep 2020.
Who led Coralogix's Series B round?
Red Dot Capital Partners and O.G. Venture Partners led it, with Aleph, StageOne Ventures, Janvest Capital Partners and 2B Angels.
What was Coralogix's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
714 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $27M, and this round was close to the median.
Did Coralogix raise again after this round?
Yes: a Series C round in Jul 2021 of $55M.