Funding round
Neo4j Series C
Neo4j, which works in graph database management software development in San Mateo, raised $20M in a Series C round announced on 15 Jan 2015, led by Creandum. 2 firms took part, 2 of them already investors. It is Neo4j's second venture round on record; the one before was a Series B in Nov 2012.
$20M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Neo4j did not disclose a valuation in this round. It came 26 months after Neo4j's Series B. It is 3.8% of the $522M Neo4j has raised in the venture rounds on record. Neo4j raised again 25 months later: a Series D round of $36M in Feb 2017. 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 2 Nov 2012, led by Sunstone Life Science Ventures $11M
- Series C this round 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
Creandum led the round with 1 other firm. Creandum and Dawn Capital had backed Neo4j before.
Lead investor
- backs 95 venture-backed companies existing investor
Also in the round
- Dawn Capital existing investor
Joined the board: Johan Brenner.
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
97 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $25M, and this round was 80% of the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 14 Jan 2015 | $50M | $450M | NGP Capital |
| Tech Companies | 23 Jan 2015 | $40M | not disclosed | Hillhouse |
| Tech Companies | 21 Jan 2015 | $20M | not disclosed | Union Square Ventures |
| Tech Companies | 10 Dec 2014 | $50M | not disclosed | Kleiner Perkins and Generation Investment Management |
| DailyHunt Tech Companies | 6 Feb 2015 | $40M | not disclosed | Alpha Wave Global |
| Tech Companies | 9 Dec 2014 | $25M | not disclosed | not named |
| Tech Companies | 3 Feb 2015 | $16M | not disclosed | not named |
| Tech Companies | 4 Feb 2015 | $16M | not disclosed | Frog Capital |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Neo4j raise in its Series C round?
Neo4j raised $20M in its Series C round, announced in Jan 2015.
Who led Neo4j's Series C round?
Creandum led it, with Dawn Capital.
What was Neo4j's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
97 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $25M, and this round was 80% of the median.
Did Neo4j raise again after this round?
Yes: a Series D round in Feb 2017 of $36M.