How Much Did DigitalOcean Raise? Funding & Key Investors

DigitalOcean has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a range of cloud services tailored to developers, startups, and small to medium-sized businesses.

Keep reading to explore the intricacies of DigitalOcean's fundraising journey and the investors backing this innovative platform.

What Is DigitalOcean?

DigitalOcean, founded in 2012 in New York, New York, is a cloud computing platform that deploys, manages, and scales applications of any size. The company was established by Alec Hartman, Ben Uretsky, Mitch Wainer, and Moisey Uretsky. With a workforce ranging from 1001 to 5000 employees, DigitalOcean focuses on providing a no DevOps required experience, allowing developers to concentrate on creating innovative software.

How Much Funding Has DigitalOcean Raised?

1. Round Name: Series C
   • Amount Raised: $50M
   • Date: May 14, 2020
   • Lead Investors: Access Industries
   • Valuation at Round: $1.15 billion
   • Motivation Behind the Round: To expand operations and business reach.
2. Round Name: Series C
   • Amount Raised: $750K
   • Date: September 3, 2020
   • Lead Investors: Global Secure Invest
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing business activities.
3. Round Name: Post-IPO Equity
   • Amount Raised: $34.9M
   • Date: September 13, 2021
   • Lead Investors: Empede Capital, Raison Wealth
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance market position and growth.
4. Round Name: Debt Financing
   • Amount Raised: $100M
   • Date: February 21, 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To secure financial stability and growth.

Total Amount Raised: $185.65M

Current Valuation: $1.15 billion

Key Investors

• Access Industries
  • Details: Access Industries is a privately held industrial group founded by Len Blavatnik. It has long-term holdings worldwide.
  • Investment Focus Areas: Natural resources and chemicals, media and telecommunications, technology, e-commerce.
  • Notable Investments: Warner Music Group, Deezer, AI startups.
• Andreessen Horowitz (a16z)
  • Details: Andreessen Horowitz is a private venture capital firm founded by Marc Andreessen and Ben Horowitz. It is known for investing in early-stage and growth-stage technology companies.
  • Investment Focus Areas: Technology companies, software, social media, cloud computing.
  • Notable Investments: Facebook, Twitter, Airbnb, GitHub, Slack.
• Empede Capital
  • Details: Empede Capital is one of the major investors in DigitalOcean. Specific details about the firm are not publicly disclosed.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.
• Raison Wealth
  • Details: Raison Wealth is another key investor in DigitalOcean. Specific details about the firm are not publicly disclosed.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.
• Global Secure Invest
  • Details: Global Secure Invest participated in DigitalOcean's Series C funding round. Specific details about the firm are not publicly disclosed.
  • Investment Focus Areas: Not publicly disclosed.
  • Notable Investments: Not publicly disclosed.

What's Next for DigitalOcean?

DigitalOcean stands at the cusp of significant growth opportunities, driven by the increasing demand for cloud services and the company's focus on simplifying app creation for developers and SMBs. With $300 million in annual recurring revenue and a global customer base, the potential for expansion is vast.

Future fundraising efforts could be bolstered by the company's strong market position and recent successful funding rounds. As DigitalOcean aims for free cash flow profitability and possibly an IPO, additional investments may support further growth and global reach.

However, challenges such as competition from larger cloud providers and maintaining customer satisfaction as the company scales will need to be navigated carefully. Adapting to rapidly changing technology and market demands will be crucial for sustained success.

Use Clay to Get Funding Data

Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like DigitalOcean and gather other critical business insights.

Sign up for free and start exploring the wealth of information available at Clay.