Funding round
Starburst Series A
Starburst, which works in data lakehouse platform distribution in Boston, raised $22M in a Series A round announced on 20 Nov 2019, led by Index Ventures. 15 firms took part. It is Starburst's first venture round on record.
$22M
Amount raised
Not disclosed
Post-money valuation
15
Investors
1 lead
Valuation
What this round says about the price
Starburst did not disclose a valuation in this round. It is Starburst's first venture round on record, 2 years after it was founded in 2017. It is 5.3% of the $414M Starburst has raised in the venture rounds on record. Starburst raised again 7 months later: a Series B round of $42M in Jun 2020. Its next priced round, a Series C in Jan 2021, valued it at $1.20B.
Starburst's funding rounds
Starburst has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Index Ventures led the round with 14 other firms.
Lead investor
- Index Ventures backs 353 venture-backed companies new investor
Also in the round
- 468 Capital new investor
- Accel backs 581 venture-backed companies new investor
- Alkeon backs 51 venture-backed companies new investor
- AME Cloud Ventures backs 105 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- backs 43 venture-backed companies new investor
- backs 53 venture-backed companies new investor
- backs 26 venture-backed companies new investor
- Dragoneer Investment Group backs 82 venture-backed companies new investor
- backs 9 venture-backed companies new investor
- backs 15 venture-backed companies new investor
- backs 43 venture-backed companies new investor
- Mango Capital new investor
- backs 68 venture-backed companies new investor
Joined the board: Mike Volpi (Index Ventures).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
1,013 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.5M, and this round was 2.6 times the median. The closest in time, other companies' Series A rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| 1Password Tech Companies | 14 Nov 2019 | $200M | not disclosed | Accel |
| Tech Companies | 5 Nov 2019 | $45M | not disclosed | Insight Partners |
| Tech Companies | 12 Nov 2019 | $40M | not disclosed | Fonds de solidarité FTQ and Investissement Québec |
| Tech Companies | 6 Nov 2019 | $40M | not disclosed | Goldman Sachs |
| Tech Companies | 20 Nov 2019 | $25M | not disclosed | Kleiner Perkins |
| Abnormal AI Tech Companies | 19 Nov 2019 | $24M | not disclosed | Greylock Partners |
| Tech Companies | 13 Nov 2019 | $24M | not disclosed | Accelmed and Mivtach Shamir Holdings Ltd. |
| Tech Companies | 13 Nov 2019 | $20M | not disclosed | Shasta Ventures |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did Starburst raise in its Series A round?
Starburst raised $22M in its Series A round, announced in Nov 2019.
Who led Starburst's Series A round?
Index Ventures led it, with 468 Capital, Accel, Alkeon, AME Cloud Ventures and Andreessen Horowitz and 9 more.
What was Starburst's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Tech Companies?
1,013 Series A rounds in Tech Companies within a year either side disclosed an amount; the median was $8.5M, and this round was 2.6 times the median.
Did Starburst raise again after this round?
Yes: a Series B round in Jun 2020 of $42M.