Funding round
Cribl Series B
Cribl, which works in unified data management platform development in San Francisco, raised $35M in a Series B round announced on 15 Oct 2020, led by Sequoia Capital. 2 firms took part. It is Cribl's first venture round on record.
$35M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Cribl did not disclose a valuation in this round. It is Cribl's first venture round on record, 2 years after it was founded in 2018. It is 5.0% of the $704M Cribl has raised in the venture rounds on record. Cribl raised again 10 months later: a Series C round of $200M in Aug 2021, at $1.50B post-money.
Cribl's funding rounds
Cribl has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Sequoia Capital led the round with 1 other firm.
Lead investor
- Sequoia Capital backs 589 venture-backed companies new investor
Also in the round
- CRV backs 177 venture-backed companies new investor
Joined the board: Pat Grady (Sequoia Capital).
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
741 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $28M, and this round was 1.3 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 28 Oct 2020 | $65M | not disclosed | Koch Disruptive Technologies |
| Tech Companies | 13 Oct 2020 | $54M | not disclosed | Koch Disruptive Technologies |
| Tech Companies | 12 Oct 2020 | $53M | not disclosed | Goldman Sachs |
| Tech Companies | 1 Oct 2020 | $51M | not disclosed | Third Point Ventures |
| Tech Companies | 1 Oct 2020 | $50M | not disclosed | not named |
| Tech Companies | 26 Oct 2020 | $50M | not disclosed | Molten Ventures and OMERS Ventures |
| Tech Companies | 20 Oct 2020 | $50M | $925M | Sequoia Capital |
| Tech Companies | 8 Oct 2020 | $40M | $200M | Transformation Capital |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Cribl raise in its Series B round?
Cribl raised $35M in its Series B round, announced in Oct 2020.
Who led Cribl's Series B round?
Sequoia Capital led it, with CRV.
What was Cribl's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
741 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $28M, and this round was 1.3 times the median.
Did Cribl raise again after this round?
Yes: a Series C round in Aug 2021 of $200M at $1.50B post-money.