Total amount raised
$219 Million
Latest funding date
5/1/2019
Location
Fastly has successfully raised significant funding through nine rounds, with the most recent being a Post-IPO Debt round. The company is backed by 15 investors, including notable names like Stereo Capital and Sozo Ventures.
Fastly's edge cloud platform is designed to create fast, secure, and scalable sites and apps, making it a trusted choice for leading digital innovators. Keep reading to explore the intricacies of Fastly's fundraising journey and the investors backing this innovative platform.
What Is Fastly?
Fastly, based in San Francisco, California, operates within several industries, including cloud data services, cloud infrastructure, cloud security, content delivery network, enterprise software, security, and software. The company employs between 1001 and 5000 people.
Fastly's edge cloud platform is designed to create fast, secure, and scalable sites and applications. The company is public and trades under the ticker NYSE:FSLY. It has raised funding over nine rounds and has acquired five organizations.
How Much Funding Has Fastly Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial development.
- Series A
- Amount Raised: USD 4,000,000
- Date: May 2012
- Lead Investors: Battery Ventures, O'Reilly AlphaTech Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: USD 10,000,000
- Date: June 2013
- Lead Investors: August Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series C
- Amount Raised: USD 40,000,000
- Date: September 2014
- Lead Investors: August Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and invest in infrastructure.
- Series D
- Amount Raised: USD 75,000,000
- Date: August 2015
- Lead Investors: ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business growth and enhance technology offerings.
- Series E
- Amount Raised: USD 50,000,000
- Date: May 2017
- Lead Investors: Sapphire Ventures, Sorenson Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth in products and services and expand into new markets.
- Series F
- Amount Raised: USD 40,000,000
- Date: July 2018
- Lead Investors: DTCP
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand market presence and enhance technological capabilities.
- Post-IPO Debt (2024)
- Amount Raised: USD 150,000,000
- Date: December 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To refinance existing debt and support ongoing business operations.
- Post-IPO Debt (2025)
- Amount Raised: USD 160,000,000
- Date: December 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further strengthen financial position and invest in strategic initiatives.
Total Amount Raised: USD 529,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Stereo Capital
- Details: Stereo Capital is a venture capital firm that participated in Fastly's Series F funding round. The firm is known for its strategic investments in high-growth companies.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Not publicly disclosed.
- Sozo Ventures
- Details: Sozo Ventures is a venture capital firm that focuses on helping startups expand into global markets. They are listed as one of the most recent investors in Fastly.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Not publicly disclosed.
- Sorenson Capital
- Details: Sorenson Capital is a private equity firm that led Fastly's $50 million Series E funding round. The firm specializes in growth equity investments in middle-market companies.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Not publicly disclosed.
- Sapphire Ventures
- Details: Sapphire Ventures is a venture capital firm that participated in Fastly's Series E funding round. They focus on technology companies at various stages of growth.
- Investment Focus Areas: Technology, enterprise software, cloud services.
- Notable Investments: Not publicly disclosed.
- ICONIQ Capital
- Details: ICONIQ Capital is a private investment firm that participated in Fastly's Series E funding round. They manage the wealth of high-profile individuals and invest in technology and growth-stage companies.
- Investment Focus Areas: Technology, consumer products, financial services.
- Notable Investments: Not publicly disclosed.
What's Next for Fastly?
Fastly stands at the cusp of significant opportunities, driven by the increasing demand for edge cloud services. The global public cloud services market, valued at nearly $250 billion, and the $6 billion CDN market present vast growth potential. Fastly's rapid revenue growth and strong market positioning suggest that future fundraising rounds could further fuel its expansion and product development.
However, the path forward is not without challenges. Fastly faces intense competition from established players like Amazon's AWS CloudFront and Google's Cloud CDN service. Maintaining high growth rates and addressing evolving security threats will be crucial for sustained success. Despite these hurdles, Fastly's innovative edge cloud platform positions it well to capitalize on the burgeoning demand for fast, secure content delivery.
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