Funding round
Coralogix Series C
Coralogix, which works in observability platform development in Ramat Gan, raised $55M in a Series C round announced on 29 Jul 2021, led by Greenfield Partners. 7 firms took part. It is Coralogix's third venture round on record; the one before was a Series B in Sep 2020.
$55M
Amount raised
Not disclosed
Post-money valuation
7
Investors
1 lead
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 B. It is 10% of the $547M Coralogix has raised in the venture rounds on record. Coralogix raised again 11 months later: a Series D round of $142M in Jun 2022. 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 30 Sep 2020, led by Red Dot Capital Partners and O.G. Venture Partners $25M
- Series C this round 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
Greenfield Partners led the round with 6 other firms.
Lead investor
- backs 25 venture-backed companies new investor
Also in the round
- backs 23 venture-backed companies new investor
- backs 31 venture-backed companies new investor
- backs 13 venture-backed companies new investor
- Janvest Capital Partners new investor
- backs 20 venture-backed companies new investor
- 2B Angels 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
502 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was close to the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 7 Jul 2021 | $235M | not disclosed | not named |
| Tech Companies | 27 Jul 2021 | $200M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 21 Jul 2021 | $180M | not disclosed | Temasek |
| Tech Companies | 15 Jul 2021 | $150M | not disclosed | SoftBank Vision Fund |
| Tech Companies | 5 Jul 2021 | $150M | $1.70B | Bain Capital Ventures and Thrive Capital |
| Tech Companies | 15 Jul 2021 | $113M | not disclosed | Valor and Atreides Management |
| Tech Companies | 28 Jul 2021 | $113M | not disclosed | PSG |
| Tech Companies | 28 Jul 2021 | $105M | not disclosed | General Atlantic |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Coralogix raise in its Series C round?
Coralogix raised $55M in its Series C round, announced in Jul 2021.
Who led Coralogix's Series C round?
Greenfield Partners led it, with Red Dot Capital Partners, StageOne Ventures, O.G. Venture Partners, Janvest Capital Partners and Maor Investments and 1 more.
What was Coralogix's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
502 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was close to the median.
Did Coralogix raise again after this round?
Yes: a Series D round in Jun 2022 of $142M.