Funding round
Starburst Series B
Starburst, which works in data lakehouse platform distribution in Boston, raised $42M in a Series B round announced on 16 Jun 2020, led by Coatue. 2 firms took part. It is Starburst's second venture round on record; the one before was a Series A in Nov 2019.
$42M
Amount raised
Not disclosed
Post-money valuation
2
Investors
1 lead
Valuation
What this round says about the price
Starburst did not disclose a valuation in this round. It came 7 months after Starburst's Series A. It is 10% of the $414M Starburst has raised in the venture rounds on record. Starburst raised again 7 months later: a Series C round of $100M in Jan 2021, at $1.20B post-money.
Starburst's funding rounds
Starburst has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Coatue led the round with 1 other firm.
Lead investor
- Coatue backs 229 venture-backed companies new investor
Also in the round
- Index Ventures backs 353 venture-backed companies new investor
Joined the board: Caryn Marooney (Coatue).
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
634 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $25M, and this round was 1.7 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 23 Jun 2020 | $40M | not disclosed | Insight Partners |
| Tech Companies | 24 Jun 2020 | $39M | not disclosed | Mangrove Capital Partners and Schusterman Family Investments |
| Tech Companies | 18 Jun 2020 | $39M | not disclosed | Gilde Healthcare and Morningside Group |
| Tech Companies | 18 Jun 2020 | $39M | not disclosed | Gilde Healthcare and Morningside Ventures |
| Tech Companies | 9 Jun 2020 | $34M | not disclosed | CRV |
| Tech Companies | 9 Jun 2020 | $30M | not disclosed | Hg |
| Tech Companies | 17 Jun 2020 | $30M | not disclosed | Sapphire Ventures |
| Tech Companies | 16 Jun 2020 | $30M | not disclosed | 83North |
Sources
Where this comes from
Reported by 4 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Starburst raise in its Series B round?
Starburst raised $42M in its Series B round, announced in Jun 2020.
Who led Starburst's Series B round?
Coatue led it, with Index Ventures.
What was Starburst's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
634 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $25M, and this round was 1.7 times the median.
Did Starburst raise again after this round?
Yes: a Series C round in Jan 2021 of $100M at $1.20B post-money.