Funding round
Cribl Series D
Cribl, which works in unified data management platform development in San Francisco, raised $150M in a Series D round announced on 24 May 2022, led by Tiger Global Management, at a $2.50B post-money valuation. 6 firms took part, 5 of them already investors. It is Cribl's third venture round on record; the one before was a Series C in Aug 2021.
$150M
Amount raised
$2.50B
Post-money valuation
6
Investors
1 lead
1.7x
Step-up from the Series C
$1.50B in Aug 2021
6.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cribl at $2.50B after the new money, 1.7 times the $1.50B of its Series C (Aug 2021). The $150M bought investors about 6.0% of the company. It came 9 months after Cribl's Series C. It is 21% of the $704M Cribl has raised in the venture rounds on record. Cribl raised again 27 months later: a Series E round of $319M in Aug 2024, at $3.50B post-money.
Cribl's funding rounds
Cribl has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Tiger Global Management led the round with 5 other firms. Institutional Venture Partners, CRV, Redpoint Ventures and Sequoia Capital and 1 more had backed Cribl before.
Lead investor
- Tiger Global Management new investor
Also in the round
- Institutional Venture Partners backs 109 venture-backed companies existing investor
- CRV backs 177 venture-backed companies existing investor
- Redpoint Ventures backs 194 venture-backed companies existing investor
- Sequoia Capital backs 589 venture-backed companies existing investor
- Greylock Partners backs 190 venture-backed companies existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development and scaling operations.
- Product development
- Scaling operations
Comparable rounds
How it compares
198 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 1.5 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Rippling Tech Companies | 11 May 2022 | $250M | $11.25B | Bedrock and Kleiner Perkins |
| Tech Companies | 6 May 2022 | $200M | not disclosed | Tiger Global |
| Tech Companies | 8 May 2022 | $182M | $1.40B | not named |
| Thought Machine Tech Companies | 18 May 2022 | $160M | $2.70B | Temasek |
| Tech Companies | 24 May 2022 | $135M | $1.60B | Institutional Venture Partners |
| Tech Companies | 17 May 2022 | $100M | $1.10B | Thoma Bravo |
| Tech Companies | 16 May 2022 | $100M | $1.30B | Insight Partners |
| Tech Companies | 25 May 2022 | $100M | $8.00B | Greenoaks and Coatue |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Cribl raise in its Series D round?
Cribl raised $150M in its Series D round, announced in May 2022.
Who led Cribl's Series D round?
Tiger Global Management led it, with Institutional Venture Partners, CRV, Redpoint Ventures, Sequoia Capital and Greylock Partners.
What was Cribl's valuation at the Series D round?
$2.50B post-money.
How does it compare with other Series D rounds in Tech Companies?
198 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 1.5 times the median.
Did Cribl raise again after this round?
Yes: a Series E round in Aug 2024 of $319M at $3.50B post-money.