Funding round
Databricks Series G
Databricks, which works in cloud data platform development in San Francisco, raised $1.00B in a Series G round announced on 1 Feb 2021, led by Franklin Templeton, at a $28.00B post-money valuation. 23 firms took part, 7 of them already investors. It is Databricks' seventh venture round on record; the one before was a Series F in Oct 2019.
$1.00B
Amount raised
$28.00B
Post-money valuation
$27.00B pre-money
23
Investors
1 lead
4.5x
Step-up from the Series F
$6.20B in Oct 2019
3.6%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Databricks at $28.00B after the new money, 4.5 times the $6.20B of its Series F (Oct 2019). The $1.00B bought investors about 3.6% of the company. It came 16 months after Databricks' Series F. It is 2.9% of the $34.00B Databricks has raised in the venture rounds on record. Databricks raised again 6 months later: a Series H+ round of $1.60B in Aug 2021, at $38.00B 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 22 Oct 2019, led by Andreessen Horowitz $400M$6.20B post-money
- Series G this round 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
Franklin Templeton led the round with 22 other firms. Microsoft, Andreessen Horowitz, Alkeon and BlackRock and 3 more had backed Databricks before.
Lead investor
- Franklin Templeton new investor
Also in the round
- Canada Pension Plan Investment Board new investor
- Fidelity Management & Research LLC new investor
- Whale Rock new investor
- Amazon Web Services (AWS) new investor
- CapitalG backs 70 venture-backed companies new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
- Microsoft existing investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- Alkeon backs 51 venture-backed companies existing investor
- BlackRock existing investor
- Coatue backs 229 venture-backed companies existing investor
- T. Rowe Price Associates, Inc. existing investor
- Tiger Global backs 391 venture-backed companies existing investor
- Discovery Capital new investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- backs 24 venture-backed companies new investor
- Geodesic Capital backs 45 venture-backed companies new investor
- GIC backs 98 venture-backed companies new investor
- backs 10 venture-backed companies new investor
- Greenoaks backs 77 venture-backed companies new investor
- New Enterprise Associates backs 286 venture-backed companies new investor
- backs 3 venture-backed companies new 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
13 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $200M, and this round was 5.0 times the median. The closest in time, other companies' Series G rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 3 Feb 2021 | $96M | $1.20B | Georgian and Silver Lake Waterman |
| Tech Companies | 7 Apr 2021 | $110M | $2.00B | Tiger Global |
| Tech Companies | 2 Jun 2021 | $200M | $4.40B | Premji Invest and STEADFAST Capital Ventures |
| DataRobot Tech Companies | 27 Jul 2021 | $300M | $6.30B | Altimeter and Tiger Global |
| AppDirect Tech Companies | 16 Sep 2020 | $185M | $1.50B | La Caisse |
| Carta Tech Companies | 13 Aug 2021 | $500M | $7.40B | Silver Lake |
| Seismic Tech Companies | 16 Aug 2021 | $170M | $3.00B | Permira |
| Magic Leap Tech Companies | 11 Oct 2021 | $500M | $2.00B | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Databricks raise in its Series G round?
Databricks raised $1.00B in its Series G round, announced in Feb 2021.
Who led Databricks' Series G round?
Franklin Templeton led it, with Canada Pension Plan Investment Board, Fidelity Management & Research LLC, Whale Rock, Amazon Web Services (AWS) and CapitalG and 17 more.
What was Databricks' valuation at the Series G round?
$28.00B post-money ($27.00B pre-money).
How does it compare with other Series G rounds in Tech Companies?
13 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $200M, and this round was 5.0 times the median.
Did Databricks raise again after this round?
Yes: a Series H+ round in Aug 2021 of $1.60B at $38.00B post-money.