Total amount raised
$186 Million
Latest funding date
11/1/2021
Location
Amplitude has successfully raised significant funding through 13 rounds, with the latest being a Secondary Market round. The company is backed by 28 investors, including notable names like Covenant Venture Capital and GIC.
Keep reading to explore the intricacies of Amplitude's fundraising journey and the investors backing this innovative platform.
What Is Amplitude?
Amplitude is a product intelligence platform that provides digital product tools to help teams run and grow their businesses. The company is located in San Francisco, California, and operates in industries such as Analytics, Big Data, Enterprise Software, and SaaS.
Founded with the mission to offer AI-driven digital analytics, Amplitude has grown to employ between 501 and 1000 people. The platform is trusted by industry leaders and offers a range of solutions tailored to various industries and team needs.
How Much Funding Has Amplitude Raised?
- Seed Round
- Amount Raised: USD 1,975,000
- Date: July 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and validate the market need.
- Series A Round
- Amount Raised: USD 9,000,000
- Date: August 2015
- Lead Investors: Benchmark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the team and accelerate product development.
- Series B Round
- Amount Raised: USD 15,900,000
- Date: June 2016
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product features.
- Series D Round
- Amount Raised: USD 80,000,000
- Date: December 2018
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel international expansion and product innovation.
- Series E Round
- Amount Raised: USD 50,000,000
- Date: May 2020
- Lead Investors: GIC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and enhance the platform's capabilities.
- Series F Round
- Amount Raised: USD 150,000,000
- Date: June 2021
- Lead Investors: Sequoia Capital
- Valuation at Round: USD 4 billion
- Motivation Behind the Round: To capitalize on digital innovation and prepare for a public listing.
- Secondary Market Round
- Amount Raised: USD 4,600,000
- Date: August 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: USD 311,475,000. Current Valuation: USD 4 billion.
Key Investors
- Sequoia Capital
- Details: Sequoia Capital is a leading venture capital firm known for investing in early and growth-stage companies. They have a significant presence in the technology sector and have backed numerous successful startups.
- Investment Focus Areas: Technology, healthcare, consumer, financial services
- Notable Investments: Apple, Google, WhatsApp
- GIC
- Details: GIC is a global investment firm that manages Singapore's foreign reserves. It is one of the world's largest sovereign wealth funds.
- Investment Focus Areas: Equities, fixed income, real estate, private equity
- Notable Investments: Alibaba, UBS, Citigroup
- Battery Ventures
- Details: Battery Ventures is a venture capital and private equity firm that invests in technology and innovation-driven companies. They support companies at all stages of growth.
- Investment Focus Areas: Software, IT infrastructure, industrial technology
- Notable Investments: Nutanix, Coupa Software, Glassdoor
- IVP (Institutional Venture Partners)
- Details: IVP is a later-stage venture capital firm that invests in rapidly growing technology companies. They have a strong track record of successful investments.
- Investment Focus Areas: Enterprise software, consumer internet, mobile
- Notable Investments: Twitter, Snapchat, Dropbox
- Benchmark
- Details: Benchmark is a venture capital firm that focuses on early-stage investments in technology companies. They are known for their hands-on approach and strong network.
- Investment Focus Areas: Technology, software, internet
- Notable Investments: eBay, Uber, Twitter
What's Next for Amplitude?
Amplitude stands at the cusp of significant growth opportunities, driven by its Digital Optimization System and the increasing shift towards digital-first business strategies. With a 50% year-over-year revenue increase and a valuation now at $4 billion, the company is well-positioned to capitalize on the expanding digital economy. The recent $150 million Series F funding round underscores investor confidence and sets the stage for future fundraising, possibly through a public listing.
However, the path forward is not without challenges. Amplitude must navigate a competitive landscape, continuously innovate, and manage rapid growth to maintain its market position. The company's ability to connect product outcomes to business results will be crucial in sustaining its momentum and attracting further investment.
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