Funding round
Starburst Series D
Starburst, which works in data lakehouse platform distribution in Boston, raised $250M in a Series D round announced on 9 Feb 2022, led by Alkeon, at a $3.35B post-money valuation. 7 firms took part. It is Starburst's fourth venture round on record; the one before was a Series C in Jan 2021.
$250M
Amount raised
$3.35B
Post-money valuation
7
Investors
1 lead
2.8x
Step-up from the Series C
$1.20B in Jan 2021
7.5%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Starburst at $3.35B after the new money, 2.8 times the $1.20B of its Series C (Jan 2021). The $250M bought investors about 7.5% of the company. It came 13 months after Starburst's Series C. It is 60% of the $414M Starburst has raised in the venture rounds on record. No later venture round is on record for Starburst.
Starburst's funding rounds
Starburst has 4 venture rounds on record. This one is highlighted.
Investors
Who put money in
Alkeon led the round with 6 other firms.
Lead investor
- Alkeon backs 51 venture-backed companies new investor
Also in the round
- Altimeter backs 67 venture-backed companies new investor
- B Capital backs 156 venture-backed companies new investor
- Andreessen Horowitz backs 722 venture-backed companies new investor
- Coatue backs 229 venture-backed companies new investor
- Index Ventures backs 353 venture-backed companies new investor
- Salesforce Ventures backs 314 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
224 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.5 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| BlueVoyant Tech Companies | 23 Feb 2022 | $250M | $1.00B | Liberty Strategic Capital |
| dbt Labs Tech Companies | 24 Feb 2022 | $222M | $4.20B | Altimeter |
| Aurora Solar Tech Companies | 28 Feb 2022 | $200M | $4.00B | Coatue and Energize Capital |
| Tech Companies | 14 Feb 2022 | $200M | not disclosed | not named |
| Tech Companies | 14 Feb 2022 | $200M | $1.70B | Jio Platforms Limited |
| Tech Companies | 9 Feb 2022 | $150M | $1.00B | Warburg Pincus |
| Tech Companies | 4 Feb 2022 | $140M | not disclosed | FS Investors |
| Tech Companies | 10 Feb 2022 | $140M | $1.40B | CapitalG |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Starburst raise in its Series D round?
Starburst raised $250M in its Series D round, announced in Feb 2022.
Who led Starburst's Series D round?
Alkeon led it, with Altimeter, B Capital, Andreessen Horowitz, Coatue and Index Ventures and 1 more.
What was Starburst's valuation at the Series D round?
$3.35B post-money.
How does it compare with other Series D rounds in Tech Companies?
224 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $100M, and this round was 2.5 times the median.