Funding round
Grafana Labs Series B
Grafana Labs, which works in observability stack development in New York, raised $50M in a Series B round announced on 17 Aug 2020, led by Lightspeed Venture Partners. 2 firms took part, 2 of them already investors. It is Grafana Labs' third venture round on record; the one before was a Series A in Oct 2019.
$50M
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' Series A. It is 8.8% of the $565M Grafana Labs has raised in the venture rounds on record. Grafana Labs raised again 12 months later: a Series C round of $220M in Aug 2021, at $3.00B post-money.
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 24 Oct 2019, led by Lightspeed Venture Partners $24M
- Series B this round 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. Lightspeed Venture Partners and Lead Edge Capital had backed Grafana Labs before.
Lead investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
Also in the round
- Lead Edge Capital existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing and scaling operations.
- Product development
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
682 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $27M, and this round was 1.9 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Rippling Tech Companies | 4 Aug 2020 | $145M | $1.35B | Founders Fund |
| Tech Companies | 14 Aug 2020 | $120M | $3.00B | Vulcan Capital |
| Tech Companies | 25 Aug 2020 | $118M | not disclosed | Insight Partners |
| Tech Companies | 11 Aug 2020 | $40M | $160M | Insight Partners |
| Dutchie Tech Companies | 18 Aug 2020 | $35M | not disclosed | Thrive Capital |
| OneStudyTeam Tech Companies | 12 Aug 2020 | $30M | not disclosed | Battery Ventures |
| Tech Companies | 4 Aug 2020 | $30M | not disclosed | Aspect Ventures |
| Tech Companies | 19 Aug 2020 | $29M | not disclosed | Highland Europe |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Grafana Labs raise in its Series B round?
Grafana Labs raised $50M in its Series B round, announced in Aug 2020.
Who led Grafana Labs' Series B round?
Lightspeed Venture Partners led it, with Lead Edge Capital.
What was Grafana Labs' valuation at the Series B round?
It was not disclosed; its last disclosed one was $4.9M at the Seed (Dec 2018).
How does it compare with other Series B rounds in Tech Companies?
682 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $27M, and this round was 1.9 times the median.
Did Grafana Labs raise again after this round?
Yes: a Series C round in Aug 2021 of $220M at $3.00B post-money.