Funding round
Databricks Series H+
Reported as "Series H"
Databricks, which works in cloud data platform development in San Francisco, raised $1.60B in a Series H+ round announced on 31 Aug 2021, led by Morgan Stanley, at a $38.00B post-money valuation. 30 firms took part, 12 of them already investors. It is Databricks' eighth venture round on record; the one before was a Series G in Feb 2021.
$1.60B
Amount raised
$38.00B
Post-money valuation
$36.40B pre-money
30
Investors
1 lead
1.4x
Step-up from the Series G
$28.00B in Feb 2021
4.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Databricks at $38.00B after the new money, 1.4 times the $28.00B of its Series G (Feb 2021). The $1.60B bought investors about 4.2% of the company. It came 6 months after Databricks' Series G. It is 4.7% of the $34.00B Databricks has raised in the venture rounds on record. Databricks raised again 25 months later: a Series H+ round of $500M in Sep 2023, at $43.00B 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 1 Feb 2021, led by Franklin Templeton $1.00B$28.00B post-money
- Series H+ this round 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
Morgan Stanley led the round with 29 other firms. Andreessen Horowitz, BlackRock, Canada Pension Plan Investment Board (CPP Investments) and Coatue and 8 more had backed Databricks before.
Lead investor
- Morgan Stanley backs 120 venture-backed companies new investor
Also in the round
- Baillie Gifford new investor
- ClearBridge Investments new investor
- UC Investments new investor
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- BlackRock existing investor
- Canada Pension Plan Investment Board (CPP Investments) existing investor
- Coatue backs 229 venture-backed companies existing investor
- Fidelity Management & Research existing investor
- Franklin Templeton existing investor
- GIC backs 98 venture-backed companies existing investor
- Greenoaks backs 77 venture-backed companies existing investor
- backs 3 venture-backed companies existing investor
- T. Rowe Price Associates, Inc. existing investor
- Tiger Global backs 391 venture-backed companies existing investor
- Whale Rock Capital Management existing investor
- Alta Park Capital new investor
- BNY Mellon new investor
- Discovery Capital new investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- Flucas Ventures new investor
- Gaingels backs 364 venture-backed companies new investor
- Geodesic Capital backs 45 venture-backed companies new investor
- backs 10 venture-backed companies new investor
- the House Fund new investor
- Insight Partners backs 548 venture-backed companies new investor
- New Enterprise Associates backs 286 venture-backed companies new investor
- Amazon Web Services (AWS) new investor
- CapitalG backs 70 venture-backed companies new investor
- Microsoft 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
15 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $200M, and this round was 8.0 times the median. The closest in time, other companies' Series H+ rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| DailyHunt Tech Companies | 11 Aug 2021 | $451M | $3.00B | not named |
| VerSe Tech Companies | 11 Aug 2021 | $450M | $3.00B | Siguler Guff |
| Discord Tech Companies | 9 Sep 2021 | $500M | $15.00B | Dragoneer Investment Group |
| Olive Tech Companies | 1 Jul 2021 | $400M | $4.00B | Vista Equity Partners and Base10 Partners |
| VerSe Tech Companies | 8 Feb 2021 | $100M | not disclosed | Qatar Investment Authority and Glade Brook |
| Tech Companies | 8 Mar 2022 | $200M | $600M | Blackstone |
| Tech Companies | 1 Jan 2021 | $10M | not disclosed | not named |
| DailyHunt Tech Companies | 5 Apr 2022 | $805M | $5.00B | CPP Investments |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Databricks raise in its Series H+ round?
Databricks raised $1.60B in its Series H+ round, announced in Aug 2021.
Who led Databricks' Series H+ round?
Morgan Stanley led it, with Baillie Gifford, ClearBridge Investments, UC Investments, Andreessen Horowitz and BlackRock and 24 more.
What was Databricks' valuation at the Series H+ round?
$38.00B post-money ($36.40B pre-money).
How does it compare with other Series H+ rounds in Tech Companies?
15 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $200M, and this round was 8.0 times the median.
Did Databricks raise again after this round?
Yes: a Series H+ round in Sep 2023 of $500M at $43.00B post-money.