Total amount raised
$47.5 Millions
Latest funding date
8/1/2024
Location
Eppo has successfully raised $28 million in a Series B funding round, with Amplify Partners leading the investment. The platform offers a comprehensive suite of tools for A/B testing, feature management, and AI model evaluation.
Keep reading to explore the intricacies of Eppo's fundraising journey and the investors backing this innovative platform.
What Is Eppo?
Founded in 2021, Eppo is based in San Francisco, California. The company specializes in providing a platform for A/B experimentation and feature management, making testing accessible to all organizational functions.
Co-founded by Chetan Sharma, Eppo's platform integrates seamlessly with cloud services, MarTech tools, AI products, and data warehouses. This integration allows companies to tie product, AI, and marketing efforts directly to revenue and growth.
With a team of 51-100 employees, Eppo is dedicated to fostering an experimentation culture within organizations, ensuring that data-driven decisions are both trustworthy and efficient.
How Much Funding Has Eppo Raised?
- Seed Round
- Amount Raised: $3.5M
- Date: June 2022
- Lead Investors: Amplify Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and validate the market need for advanced experimentation tools.
- Series A
- Amount Raised: $16M
- Date: June 2022
- Lead Investors: Menlo Ventures
- Valuation at Round: $80M
- Motivation Behind the Round: To scale Eppo's capabilities and bring advanced experimentation tools to a broader market.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: July 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing product development and market expansion.
- Series B
- Amount Raised: $28M
- Date: August 2024
- Lead Investors: Innovation Endeavors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth, expand the team, and enhance the product offering.
Total Amount Raised: $47.5M. Current Valuation: $80M.
Key Investors
- Innovation Endeavors
- Details: Innovation Endeavors is a venture capital firm co-founded by Eric Schmidt, former CEO of Google. The firm focuses on transformative technologies and disruptive innovations.
- Investment Focus Areas: Artificial Intelligence, Robotics, Healthcare.
- Notable Investments: Uber, SoFi, Planet.
- Menlo Ventures
- Details: Menlo Ventures is a venture capital firm that has been investing in early-stage and growth-stage companies since 1976. They have a strong track record in technology and healthcare sectors.
- Investment Focus Areas: Technology, Healthcare, Consumer Services.
- Notable Investments: Uber, Roku, Warby Parker.
- Amplify Partners
- Details: Amplify Partners is a venture capital firm that specializes in early-stage investments in technology companies. They are known for their focus on enterprise software and data-driven applications.
- Investment Focus Areas: Enterprise Software, Infrastructure, Data-Driven Applications.
- Notable Investments: Datadog, Fastly, Gremlin.
What's Next for Eppo?
As Eppo looks to the future, the opportunities are vast. The company is poised to bring high-quality experimentation tools to a broader market, targeting fast-growing companies that are currently underserved by existing commercial tools. With a focus on data warehouse-native and privacy-oriented solutions, Eppo can attract a wide range of clients, from startups to established enterprises.
Future fundraising opportunities seem promising, given the strong investor interest demonstrated in previous rounds. As Eppo continues to grow and prove its value, it is likely to attract further investment, enabling it to scale its team and enhance its product offerings. However, challenges such as competition from established tools and ensuring data privacy will need to be navigated carefully.
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