Funding round
Databricks Series E
Databricks, which works in cloud data platform development in San Francisco, raised $250M in a Series E round announced on 5 Feb 2019, led by Andreessen Horowitz, at a $2.75B post-money valuation. 7 firms took part. It is Databricks' fifth venture round on record; the one before was a Series D in Aug 2017.
$250M
Amount raised
$2.75B
Post-money valuation
$2.50B pre-money
7
Investors
1 lead
9.1%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Databricks at $2.75B after the new money. The $250M bought investors about 9.1% of the company. It came 18 months after Databricks' Series D. It is under 1% of the $34.00B Databricks has raised in the venture rounds on record. Databricks raised again 8 months later: a Series F round of $400M in Oct 2019, at $6.20B post-money.
Databricks' funding rounds
Databricks has 14 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 1 Sep 2013, led by Andreessen Horowitz $14M
- Series B 30 Jun 2014, led by New Enterprise Associates $33M
- Series C 15 Dec 2016, led by New Enterprise Associates $60M
- Series D 22 Aug 2017, led by Andreessen Horowitz $140M
- Series E this round 5 Feb 2019, led by Andreessen Horowitz $250M$2.75B post-money
- Series F 22 Oct 2019, led by Andreessen Horowitz $400M$6.20B post-money
- Series G 1 Feb 2021, led by Franklin Templeton $1.00B$28.00B post-money
- Series H+ 31 Aug 2021, led by Morgan Stanley $1.60B$38.00B post-money
- Series H+ 14 Sep 2023, led by T. Rowe Price Associates, Inc. $500M$43.00B post-money
- Series H+ 17 Dec 2024 $10.00B$62.00B post-money
- Debt not a venture round 22 Jan 2025, led by JPMorgan Chase $5.25B$62.00B post-money
- Growth 30 Jun 2025, led by T. Rowe Price $10.00B$55.00B post-money
- Series H+ 8 Sep 2025, led by Andreessen Horowitz, Insight Partners and MGX $1.00B$100.00B post-money
- Series H+ 16 Dec 2025, led by Insight Partners, Fidelity Management & Research Company and J.P. Morgan Asset Management $4.00B$134.00B post-money
- Growth 13 Aug 2026, led by Coatue $5.00B$190.00B post-money
Investors
Who put money in
Andreessen Horowitz led the round with 6 other firms.
Lead investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
Also in the round
- Coatue backs 229 venture-backed companies new investor
- Microsoft new investor
- New Enterprise Associates backs 286 venture-backed companies new investor
- Battery Ventures backs 215 venture-backed companies new investor
- backs 10 venture-backed companies new investor
- Geodesic Capital backs 45 venture-backed companies 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
28 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $92M, and this round was 2.7 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Illumio Tech Companies | 7 Feb 2019 | $65M | $1.72B | J.P. Morgan Asset Management |
| Tech Companies | 19 Feb 2019 | $60M | not disclosed | Francisco Partners |
| Collibra Tech Companies | 29 Jan 2019 | $100M | $1.00B | CapitalG |
| Seismic Tech Companies | 18 Dec 2018 | $100M | $1.00B | Lightspeed Venture Partners and T. Rowe Price Associates, Inc. |
| Carta Tech Companies | 6 May 2019 | $300M | $1.70B | Andreessen Horowitz |
| Tech Companies | 20 May 2019 | $103M | $1.00B | Sapphire Ventures |
| Tech Companies | 14 May 2019 | $90M | not disclosed | One Peak and Goldman Sachs |
| Neo4j Tech Companies | 1 Nov 2018 | $80M | not disclosed | One Peak and Morgan Stanley |
Sources
Where this comes from
Reported by 6 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Databricks raise in its Series E round?
Databricks raised $250M in its Series E round, announced in Feb 2019.
Who led Databricks' Series E round?
Andreessen Horowitz led it, with Coatue, Microsoft, New Enterprise Associates, Battery Ventures and Green Bay Ventures and 1 more.
What was Databricks' valuation at the Series E round?
$2.75B post-money ($2.50B pre-money).
How does it compare with other Series E rounds in Tech Companies?
28 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $92M, and this round was 2.7 times the median.
Did Databricks raise again after this round?
Yes: a Series F round in Oct 2019 of $400M at $6.20B post-money.