Funding round
Databricks Series F
Databricks, which works in cloud data platform development in San Francisco, raised $400M in a Series F round announced on 22 Oct 2019, led by Andreessen Horowitz, at a $6.20B post-money valuation. 11 firms took part. It is Databricks' sixth venture round on record; the one before was a Series E in Feb 2019.
$400M
Amount raised
$6.20B
Post-money valuation
$5.80B pre-money
11
Investors
1 lead
2.3x
Step-up from the Series E
$2.75B in Feb 2019
6.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Databricks at $6.20B after the new money, 2.3 times the $2.75B of its Series E (Feb 2019). The $400M bought investors about 6.5% of the company. It came 8 months after Databricks' Series E. It is 1.2% of the $34.00B Databricks has raised in the venture rounds on record. Databricks raised again 16 months later: a Series G round of $1.00B in Feb 2021, at $28.00B 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 5 Feb 2019, led by Andreessen Horowitz $250M$2.75B post-money
- Series F this round 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 10 other firms.
Lead investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
Also in the round
- BlackRock, Inc. new investor
- T. Rowe Price Associates, Inc. new investor
- Tiger Global backs 391 venture-backed companies new investor
- Alkeon backs 51 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- Geodesic Capital backs 45 venture-backed companies new investor
- backs 10 venture-backed companies new investor
- M12 backs 141 venture-backed companies new investor
- New Enterprise Associates backs 286 venture-backed companies new investor
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
14 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $84M, and this round was 4.8 times the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 12 Aug 2019 | $100M | $370M | Francisco Partners |
| Tech Companies | 15 May 2019 | $55M | $850M | Silver Lake Waterman |
| Tech Companies | 1 May 2019 | $50M | $539M | Goldman Sachs |
| Collibra Tech Companies | 2 Apr 2020 | $113M | $2.36B | ICONIQ Capital and Index Ventures |
| Tech Companies | 20 May 2020 | $75M | $452M | Warburg Pincus |
| Tech Companies | 14 Jul 2020 | $120M | $1.92B | Salesforce Ventures |
| Tech Companies | 1 Jan 2019 | $15M | $114M | not named |
| Tech Companies | 25 Aug 2020 | $100M | $1.00B | Bain Capital Ventures and Technology Crossover Ventures |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Databricks raise in its Series F round?
Databricks raised $400M in its Series F round, announced in Oct 2019.
Who led Databricks' Series F round?
Andreessen Horowitz led it, with BlackRock, Inc., T. Rowe Price Associates, Inc., Tiger Global, Alkeon and Coatue and 5 more.
What was Databricks' valuation at the Series F round?
$6.20B post-money ($5.80B pre-money).
How does it compare with other Series F rounds in Tech Companies?
14 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $84M, and this round was 4.8 times the median.
Did Databricks raise again after this round?
Yes: a Series G round in Feb 2021 of $1.00B at $28.00B post-money.