Funding round
Grafana Labs Series D
Grafana Labs, which works in observability stack development in New York, raised $270M in a Series D round announced on 21 Aug 2024, led by Lightspeed Venture Partners, at a $6.00B post-money valuation. 8 firms took part, 7 of them already investors. It is Grafana Labs' fifth venture round on record; the one before was a Series C in Aug 2021.
$270M
Amount raised
$6.00B
Post-money valuation
$5.73B pre-money
8
Investors
1 lead
2.0x
Step-up from the Series C
$3.00B in Aug 2021
4.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Grafana Labs at $6.00B after the new money, 2.0 times the $3.00B of its Series C (Aug 2021). The $270M bought investors about 4.5% of the company. It came 36 months after Grafana Labs' Series C. It is 48% of the $565M Grafana Labs has raised in the venture rounds on record. No later venture round is on record for Grafana Labs.
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 24 Aug 2021, led by Sequoia Capital and Coatue $220M$3.00B post-money
- Series D this round 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 7 other firms. Lightspeed Venture Partners, GIC, Sequoia Capital and Coatue and 3 more had backed Grafana Labs before.
Lead investor
- Lightspeed Venture Partners backs 454 venture-backed companies existing investor
Also in the round
- GIC backs 98 venture-backed companies existing investor
- Sequoia Capital backs 589 venture-backed companies existing investor
- Coatue backs 229 venture-backed companies existing investor
- Lead Edge Capital existing investor
- J.P. Morgan existing investor
- backs 60 venture-backed companies existing investor
- CapitalG backs 70 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations, acquisitions and working capital.
- Product development
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
103 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.7 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Abnormal AI Tech Companies | 6 Aug 2024 | $250M | $5.10B | Wellington Management |
| Tech Companies | 8 Aug 2024 | $225M | not disclosed | WestCap |
| EliseAI Tech Companies | 14 Aug 2024 | $75M | $1.00B | Sapphire Ventures |
| Tech Companies | 1 Aug 2024 | $75M | $1.50B | not named |
| Tech Companies | 6 Aug 2024 | $50M | not disclosed | Sixth Street Growth |
| Tech Companies | 8 Aug 2024 | $15M | not disclosed | Harbert Management Corporation and Northwestern Mutual Future Ventures |
| Tech Companies | 28 Aug 2024 | $10M | not disclosed | SBI Investment |
| Tech Companies | 28 Aug 2024 | $10M | $852M | Bajaj Holdings and Trifecta |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Grafana Labs raise in its Series D round?
Grafana Labs raised $270M in its Series D round, announced in Aug 2024.
Who led Grafana Labs' Series D round?
Lightspeed Venture Partners led it, with GIC, Sequoia Capital, Coatue, Lead Edge Capital and J.P. Morgan and 2 more.
What was Grafana Labs' valuation at the Series D round?
$6.00B post-money ($5.73B pre-money).
How does it compare with other Series D rounds in Tech Companies?
103 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.7 times the median.