Funding round
Starburst Series C
Starburst, which works in data lakehouse platform distribution in Boston, raised $100M in a Series C round announced on 6 Jan 2021, led by Andreessen Horowitz, at a $1.20B post-money valuation. 4 firms took part. It is Starburst's third venture round on record; the one before was a Series B in Jun 2020.
$100M
Amount raised
$1.20B
Post-money valuation
$1.10B pre-money
4
Investors
1 lead
8.3%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Starburst at $1.20B after the new money. The $100M bought investors about 8.3% of the company. It came 7 months after Starburst's Series B. It is 24% of the $414M Starburst has raised in the venture rounds on record. Starburst raised again 13 months later: a Series D round of $250M in Feb 2022, at $3.35B post-money.
Starburst's funding rounds
Starburst has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Andreessen Horowitz led the round with 3 other firms.
Lead investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
Also in the round
- Salesforce Ventures backs 314 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
- Index Ventures backs 353 venture-backed companies new investor
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
455 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 1.7 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Hive Box Tech Companies | 1 Jan 2021 | $400M | $3.00B | Asia Forge (Cayman) |
| Job&Talent Tech Companies | 8 Jan 2021 | $108M | not disclosed | InfraVia |
| Harness Tech Companies | 14 Jan 2021 | $85M | $1.70B | Alkeon |
| Tech Companies | 14 Jan 2021 | $80M | not disclosed | Sanno Capital |
| Tech Companies | 7 Jan 2021 | $78M | not disclosed | Insight Partners |
| Tech Companies | 27 Jan 2021 | $70M | not disclosed | Cat Rock Capital |
| Tech Companies | 11 Jan 2021 | $51M | not disclosed | 红杉资本中国基金 |
| Tech Companies | 4 Jan 2021 | $50M | not disclosed | Greycroft |
Sources
Where this comes from
Reported by 6 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 C round?
Starburst raised $100M in its Series C round, announced in Jan 2021.
Who led Starburst's Series C round?
Andreessen Horowitz led it, with Salesforce Ventures, Coatue and Index Ventures.
What was Starburst's valuation at the Series C round?
$1.20B post-money ($1.10B pre-money).
How does it compare with other Series C rounds in Tech Companies?
455 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 1.7 times the median.
Did Starburst raise again after this round?
Yes: a Series D round in Feb 2022 of $250M at $3.35B post-money.