Funding round
Cribl Series E
Cribl, which works in unified data management platform development in San Francisco, raised $319M in a Series E round announced on 27 Aug 2024, led by GV, at a $3.50B post-money valuation. 5 firms took part, 3 of them already investors. It is Cribl's fourth venture round on record; the one before was a Series D in May 2022.
$319M
Amount raised
$3.50B
Post-money valuation
$3.18B pre-money
5
Investors
1 lead
1.4x
Step-up from the Series D
$2.50B in May 2022
9.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Cribl at $3.50B after the new money, 1.4 times the $2.50B of its Series D (May 2022). The $319M bought investors about 9.1% of the company. It came 27 months after Cribl's Series D. It is 45% of the $704M Cribl has raised in the venture rounds on record. No later venture round is on record for Cribl.
Cribl's funding rounds
Cribl has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
GV led the round with 4 other firms. GIC, Institutional Venture Partners and CRV had backed Cribl before.
Lead investor
- GV backs 428 venture-backed companies new investor
Also in the round
- GIC backs 98 venture-backed companies existing investor
- CapitalG backs 70 venture-backed companies new investor
- Institutional Venture Partners backs 109 venture-backed companies existing investor
- CRV backs 177 venture-backed companies existing investor
Joined the board: Michael McBride (GV).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
38 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $140M, and this round was 2.3 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 29 Aug 2024 | $3.5M | not disclosed | not named |
| Glean Tech Companies | 10 Sep 2024 | $260M | $4.60B | Altimeter and DST Global |
| SmartHR Tech Companies | 1 Jul 2024 | $140M | not disclosed | KKR and Ontario Teachers’ Pension Plan |
| Tech Companies | 25 Sep 2024 | $125M | $900M | Warburg Pincus |
| Insider One Tech Companies | 1 Nov 2024 | $500M | not disclosed | General Atlantic |
| Tech Companies | 19 Nov 2024 | $175M | $2.00B | Tiger Global and Balderton Capital |
| Tech Companies | 15 May 2024 | $140M | $1.60B | Valor |
| Tech Companies | 30 Apr 2024 | $150M | $900M | Accel |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Cribl raise in its Series E round?
Cribl raised $319M in its Series E round, announced in Aug 2024.
Who led Cribl's Series E round?
GV led it, with GIC, CapitalG, Institutional Venture Partners and CRV.
What was Cribl's valuation at the Series E round?
$3.50B post-money ($3.18B pre-money).
How does it compare with other Series E rounds in Tech Companies?
38 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $140M, and this round was 2.3 times the median.