Funding round
Grafana Labs Series A
Grafana Labs, which works in observability stack development in New York, raised $24M in a Series A round announced on 24 Oct 2019, led by Lightspeed Venture Partners. 2 firms took part. It is Grafana Labs' second venture round on record; the one before was a Seed in Dec 2018.
$24M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Grafana Labs did not disclose a valuation in this round; its last disclosed one was $4.9M at the Seed (Dec 2018). It came 10 months after Grafana Labs' Seed. It is 4.2% of the $565M Grafana Labs has raised in the venture rounds on record. Grafana Labs raised again 10 months later: a Series B round of $50M in Aug 2020. Its next priced round, a Series C in Aug 2021, valued it at $3.00B.
Grafana Labs' funding rounds
Grafana Labs has 5 venture rounds on record. This one is highlighted.
- Seed 3 Dec 2018 $1.2M$4.9M post-money
- Series A this round 24 Oct 2019, led by Lightspeed Venture Partners $24M
- Series B 17 Aug 2020, led by Lightspeed Venture Partners $50M
- Series C 24 Aug 2021, led by Sequoia Capital and Coatue $220M$3.00B post-money
- Series D 21 Aug 2024, led by Lightspeed Venture Partners $270M$6.00B post-money
Investors
Who put money in
Lightspeed Venture Partners led the round with 1 other firm.
Lead investor
- Lightspeed Venture Partners backs 454 venture-backed companies new investor
Also in the round
- Lead Edge Capital new investor
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
1,010 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.5M, and this round was 2.8 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 3 Oct 2019 | $53M | not disclosed | Sapphire Ventures |
| Tech Companies | 28 Oct 2019 | $34M | not disclosed | Bessemer Venture Partners |
| Tech Companies | 8 Oct 2019 | $32M | not disclosed | Insight Partners |
| Tech Companies | 30 Oct 2019 | $23M | not disclosed | JAFCO |
| Tech Companies | 15 Oct 2019 | $23M | not disclosed | Headline and Evolv Ventures |
| Tech Companies | 1 Oct 2019 | $21M | not disclosed | Robinson Technologies and SEB Alliance |
| Tech Companies | 25 Oct 2019 | $17M | not disclosed | Alven |
| Tech Companies | 30 Oct 2019 | $16M | not disclosed | Intel Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Grafana Labs raise in its Series A round?
Grafana Labs raised $24M in its Series A round, announced in Oct 2019.
Who led Grafana Labs' Series A round?
Lightspeed Venture Partners led it, with Lead Edge Capital.
What was Grafana Labs' valuation at the Series A round?
It was not disclosed; its last disclosed one was $4.9M at the Seed (Dec 2018).
How does it compare with other Series A rounds in Tech Companies?
1,010 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.5M, and this round was 2.8 times the median.
Did Grafana Labs raise again after this round?
Yes: a Series B round in Aug 2020 of $50M.