Funding round
Neo4j Series B
Neo4j, which works in graph database management software development in San Mateo, raised $11M in a Series B round announced on 2 Nov 2012, led by Sunstone Life Science Ventures. 3 firms took part, 2 of them already investors. It is Neo4j's first venture round on record.
$11M
Amount raised
Not disclosed
Post-money valuation
3
Investors
1 lead
Valuation
What this round says about the price
Neo4j did not disclose a valuation in this round. It is Neo4j's first venture round on record, 12 years after it was founded in 2000. It is 2.1% of the $522M Neo4j has raised in the venture rounds on record. Neo4j raised again 26 months later: a Series C round of $20M in Jan 2015. Its next priced round, a Series F in Jun 2021, valued it at $2.00B.
Neo4j's funding rounds
Neo4j has 6 venture rounds on record. This one is highlighted.
- Series B this round 2 Nov 2012, led by Sunstone Life Science Ventures $11M
- Series C 15 Jan 2015, led by Creandum $20M
- Series D 14 Feb 2017 $36M
- Series E 1 Nov 2018, led by One Peak and Morgan Stanley $80M
- Series F 17 Jun 2021, led by Eurazeo $325M$2.00B post-money
- Growth 28 Nov 2024, led by Noteus $50M$2.00B post-money
Investors
Who put money in
Sunstone Life Science Ventures led the round with 2 other firms. Fidelity Growth Partners Europe and Conor Venture Partners had backed Neo4j before.
Lead investor
- backs 19 venture-backed companies new investor
Also in the round
- Fidelity Growth Partners Europe existing investor
- Conor Venture Partners existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
88 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $9.3M, and this round was 1.2 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Nov 2012 | $6.7M | not disclosed | Fung Capital USA |
| Tech Companies | 13 Nov 2012 | $2.0M | not disclosed | Inventure |
| Tech Companies | 20 Dec 2012 | $40M | not disclosed | Greenspring Associates |
| Tech Companies | 8 Oct 2012 | $26M | not disclosed | Glynn Capital and Charles Schwab |
| Tech Companies | 28 Dec 2012 | $20M | not disclosed | CBC |
| Tech Companies | 15 Oct 2012 | $8.2M | not disclosed | CRV |
| Tech Companies | 1 Oct 2012 | $5.5M | not disclosed | Polaris Partners |
| Tech Companies | 11 Oct 2012 | $5.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources.
Questions
Frequently asked
How much did Neo4j raise in its Series B round?
Neo4j raised $11M in its Series B round, announced in Nov 2012.
Who led Neo4j's Series B round?
Sunstone Life Science Ventures led it, with Fidelity Growth Partners Europe and Conor Venture Partners.
What was Neo4j's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
88 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $9.3M, and this round was 1.2 times the median.
Did Neo4j raise again after this round?
Yes: a Series C round in Jan 2015 of $20M.