Funding round
Neo4j Series E
Neo4j, which works in graph database management software development in San Mateo, raised $80M in a Series E round announced on 1 Nov 2018, led by One Peak and Morgan Stanley. 5 firms took part, 3 of them already investors. It is Neo4j's fourth venture round on record; the one before was a Series D in Feb 2017.
$80M
Amount raised
Not disclosed
Post-money valuation
5
Investors
2 leads
Valuation
What this round says about the price
Neo4j did not disclose a valuation in this round. It came 21 months after Neo4j's Series D. It is 15% of the $522M Neo4j has raised in the venture rounds on record. Neo4j raised again 31 months later: a Series F round of $325M in Jun 2021, at $2.00B post-money.
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 15 Jan 2015, led by Creandum $20M
- Series D 14 Feb 2017 $36M
- Series E this round 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
One Peak and Morgan Stanley led the round with 3 other firms. Creandum, Eight Roads and Greenbridge Partners had backed Neo4j before.
Lead investors
- backs 27 venture-backed companies new investor
- Morgan Stanley backs 120 venture-backed companies new investor
Also in the round
- backs 95 venture-backed companies existing investor
- backs 125 venture-backed companies existing investor
- Greenbridge 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 and scaling operations.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
Comparable rounds
How it compares
26 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 80% of the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 Nov 2018 | $12M | not disclosed | Samsung NEXT |
| Seismic Tech Companies | 18 Dec 2018 | $100M | $1.00B | Lightspeed Venture Partners and T. Rowe Price Associates, Inc. |
| Collibra Tech Companies | 29 Jan 2019 | $100M | $1.00B | CapitalG |
| Tech Companies | 19 Sep 2018 | $37M | not disclosed | Candy Ventures and Qualcomm Ventures |
| Databricks Tech Companies | 5 Feb 2019 | $250M | $2.75B | Andreessen Horowitz |
| Tech Companies | 29 Aug 2018 | $94M | not disclosed | not named |
| Illumio Tech Companies | 7 Feb 2019 | $65M | $1.72B | J.P. Morgan Asset Management |
| Tech Companies | 19 Feb 2019 | $60M | not disclosed | Francisco Partners |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Neo4j raise in its Series E round?
Neo4j raised $80M in its Series E round, announced in Nov 2018.
Who led Neo4j's Series E round?
One Peak and Morgan Stanley led it, with Creandum, Eight Roads and Greenbridge Partners.
What was Neo4j's valuation at the Series E round?
It was not disclosed.
How does it compare with other Series E rounds in Tech Companies?
26 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 80% of the median.
Did Neo4j raise again after this round?
Yes: a Series F round in Jun 2021 of $325M at $2.00B post-money.