Funding round
Cribl Series C
Cribl, which works in unified data management platform development in San Francisco, raised $200M in a Series C round announced on 25 Aug 2021, led by Greylock Partners and Redpoint Ventures, at a $1.50B post-money valuation. 7 firms took part, 2 of them already investors. It is Cribl's second venture round on record; the one before was a Series B in Oct 2020.
$200M
Amount raised
$1.50B
Post-money valuation
7
Investors
2 leads
13%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cribl at $1.50B after the new money. The $200M bought investors about 13% of the company. It came 10 months after Cribl's Series B. It is 28% of the $704M Cribl has raised in the venture rounds on record. Cribl raised again 9 months later: a Series D round of $150M in May 2022, at $2.50B post-money.
Cribl's funding rounds
Cribl has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Greylock Partners and Redpoint Ventures led the round with 5 other firms. Sequoia Capital and CRV had backed Cribl before.
Lead investors
- Greylock Partners backs 190 venture-backed companies new investor
- Redpoint Ventures backs 194 venture-backed companies new investor
Also in the round
- Institutional Venture Partners backs 109 venture-backed companies new investor
- Sequoia Capital backs 589 venture-backed companies existing investor
- CRV backs 177 venture-backed companies existing investor
- Citi Ventures new investor
- CrowdStrike new investor
Joined the board: David Wadhwani (Greylock).
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
494 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $62M, and this round was 3.2 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Ramp Tech Companies | 24 Aug 2021 | $300M | $3.90B | Founders Fund |
| Grafana Labs Tech Companies | 24 Aug 2021 | $220M | $3.00B | Sequoia Capital and Coatue |
| OneStudyTeam Tech Companies | 11 Aug 2021 | $220M | $2.20B | Coatue |
| Tech Companies | 26 Aug 2021 | $100M | $1.00B | Headline |
| Tech Companies | 25 Aug 2021 | $100M | not disclosed | Honor Ventures |
| Tech Companies | 24 Aug 2021 | $100M | not disclosed | Highland Europe and Brookfield Technology Partners |
| Tech Companies | 10 Aug 2021 | $100M | $1.00B | Insight Partners |
| Tech Companies | 31 Aug 2021 | $75M | not disclosed | SoftBank Vision Fund |
Sources
Where this comes from
Reported by 7 sources.
Questions
Frequently asked
How much did Cribl raise in its Series C round?
Cribl raised $200M in its Series C round, announced in Aug 2021.
Who led Cribl's Series C round?
Greylock Partners and Redpoint Ventures led it, with Institutional Venture Partners, Sequoia Capital, CRV, Citi Ventures and CrowdStrike.
What was Cribl's valuation at the Series C round?
$1.50B post-money.
How does it compare with other Series C rounds in Tech Companies?
494 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $62M, and this round was 3.2 times the median.
Did Cribl raise again after this round?
Yes: a Series D round in May 2022 of $150M at $2.50B post-money.