Funding round
dbt Labs Series A
dbt Labs, which works in data engineering solutions development in Philadelphia, raised $13M in a Series A round announced on 1 Apr 2020, led by Andreessen Horowitz, at a $48M post-money valuation. 3 firms took part. It is dbt Labs' first venture round on record.
$13M
Amount raised
$48M
Post-money valuation
$35M pre-money
3
Investors
1 lead
27%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced dbt Labs at $48M after the new money. The $13M bought investors about 27% of the company. It is dbt Labs' first venture round on record, 4 years after it was founded in 2016. It is 3.1% of the $414M dbt Labs has raised in the venture rounds on record. dbt Labs raised again 7 months later: a Series B round of $30M in Nov 2020. Its next priced round, a Series C in Jun 2021, valued it at $1.50B.
dbt Labs' funding rounds
dbt Labs has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Andreessen Horowitz led the round with 2 other firms.
Lead investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
Also in the round
- Amplify Partners new investor
- new investor
Joined the board: Martin Casado (Andreessen Horowitz).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,137 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $9.8M, and this round was 1.3 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 2 Apr 2020 | $134M | not disclosed | China Structural Reform Fund |
| Tech Companies | 14 Apr 2020 | $30M | not disclosed | Koch Disruptive Technologies and New Enterprise Associates |
| Tech Companies | 28 Apr 2020 | $25M | not disclosed | Andreessen Horowitz and Sequoia Capital |
| Tech Companies | 8 Apr 2020 | $24M | not disclosed | Lightspeed Venture Partners |
| Tech Companies | 2 Apr 2020 | $22M | not disclosed | Celeres |
| Tech Companies | 14 Apr 2020 | $22M | not disclosed | Kleiner Perkins and Sequoia Capital |
| Factorial Tech Companies | 9 Apr 2020 | $16M | not disclosed | CRV |
| Tech Companies | 14 Apr 2020 | $15M | not disclosed | Adjuvant Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did dbt Labs raise in its Series A round?
dbt Labs raised $13M in its Series A round, announced in Apr 2020.
Who led dbt Labs' Series A round?
Andreessen Horowitz led it, with Amplify Partners and Keiretsu Forum.
What was dbt Labs' valuation at the Series A round?
$48M post-money ($35M pre-money).
How does it compare with other Series A rounds in Tech Companies?
1,137 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $9.8M, and this round was 1.3 times the median.
Did dbt Labs raise again after this round?
Yes: a Series B round in Nov 2020 of $30M.