Funding round
Grafana Labs Series C
Grafana Labs, which works in observability stack development in New York, raised $220M in a Series C round announced on 24 Aug 2021, led by Sequoia Capital and Coatue, at a $3.00B post-money valuation. 5 firms took part, 3 of them already investors. It is Grafana Labs' fourth venture round on record; the one before was a Series B in Aug 2020.
$220M
Amount raised
$3.00B
Post-money valuation
5
Investors
2 leads
610x
Step-up from the Seed
$4.9M in Dec 2018
7.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Grafana Labs at $3.00B after the new money, 609.8 times the $4.9M of its Seed (Dec 2018). The $220M bought investors about 7.3% of the company. It came 12 months after Grafana Labs' Series B. It is 39% of the $565M Grafana Labs has raised in the venture rounds on record. Grafana Labs raised again 36 months later: a Series D round of $270M in Aug 2024, at $6.00B 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 17 Aug 2020, led by Lightspeed Venture Partners $50M
- Series C this round 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
Sequoia Capital and Coatue led the round with 3 other firms. Lightspeed Venture Partners, Lead Edge Capital and GIC had backed Grafana Labs before.
Lead investors
- Sequoia Capital backs 589 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
Also in the round
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
- Lead Edge Capital existing investor
- GIC backs 98 venture-backed companies existing 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
494 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $62M, and this round was 3.5 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Ramp Tech Companies | 24 Aug 2021 | $300M | $3.90B | Founders Fund |
| OneStudyTeam Tech Companies | 11 Aug 2021 | $220M | $2.20B | Coatue |
| Cribl Tech Companies | 25 Aug 2021 | $200M | $1.50B | Greylock Partners and Redpoint Ventures |
| Tech Companies | 26 Aug 2021 | $100M | $1.00B | Headline |
| Tech Companies | 25 Aug 2021 | $100M | not disclosed | Honor Ventures |
| Tech Companies | 24 Aug 2021 | $100M | not disclosed | Highland Europe and Brookfield Technology Partners |
| Tech Companies | 10 Aug 2021 | $100M | $1.00B | Insight Partners |
| Tech Companies | 31 Aug 2021 | $75M | not disclosed | SoftBank Vision Fund |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Grafana Labs raise in its Series C round?
Grafana Labs raised $220M in its Series C round, announced in Aug 2021.
Who led Grafana Labs' Series C round?
Sequoia Capital and Coatue led it, with Lightspeed Venture Partners, Lead Edge Capital and GIC.
What was Grafana Labs' valuation at the Series C round?
$3.00B post-money.
How does it compare with other Series C rounds in Tech Companies?
494 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $62M, and this round was 3.5 times the median.
Did Grafana Labs raise again after this round?
Yes: a Series D round in Aug 2024 of $270M at $6.00B post-money.