Total amount raised
$84.6 Millions
Latest funding date
07/01/2020
Location
Fauna has successfully raised significant funding over multiple rounds, establishing itself as a key player in the distributed serverless database market. The platform offers a range of features designed to accelerate development, reduce operational overhead, and ensure compliance with data regulations.
Keep reading to explore the intricacies of Fauna's fundraising journey and the investors backing this innovative platform.
What Is Fauna?
Fauna, Inc. operates in the database technology and cloud computing industry. The company offers a distributed serverless database that merges the flexibility of document databases with the power of relational databases. This platform is designed to accelerate development, reduce operational overhead, and ensure compliance with data regulations.
Fauna provides automatic scaling, zero infrastructure management, and a modern architecture that simplifies infrastructure tasks. The platform supports various deployment models, including multi-tenant and dedicated customizable deployments, ensuring high availability, low latency, and strong consistency.
How Much Funding Has Fauna Raised?
- Seed Round
- Amount Raised: $3.1M
- Date: June 2016
- Lead Investors: Afore Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of FaunaDB and bring it to market.
- Seed Round
- Amount Raised: $4.5M
- Date: September 2016
- Lead Investors: CRV
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the development team and accelerate product development.
- Series A
- Amount Raised: $25M
- Date: February 2017
- Lead Investors: Point72 Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series A
- Amount Raised: $25M
- Date: March 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the technology and expand market reach.
- Series A
- Amount Raised: $27M
- Date: July 2020
- Lead Investors: Madrona Venture Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth, expand the user community, and enhance product offerings.
Total Amount Raised: $84.6M. Current Valuation: Not publicly disclosed.
Key Investors
- Madrona Venture Group
- Details: Madrona Venture Group is a venture capital firm that invests in early-stage technology companies. S. Somasegar, Managing Director at Madrona, will join Fauna's board of directors.
- Investment Focus Areas: Cloud computing, machine learning, enterprise software.
- Notable Investments: Amazon, Smartsheet, Snowflake.
- GV (formerly Google Ventures)
- Details: GV is the venture capital arm of Alphabet Inc., investing in various sectors including technology and life sciences. They participated in Fauna's $27M funding round.
- Investment Focus Areas: Life sciences, technology, consumer products, and services.
- Notable Investments: Uber, Slack, Nest.
- CRV (Charles River Ventures)
- Details: CRV is a venture capital firm that invests in early-stage technology companies. They are an existing institutional investor in Fauna.
- Investment Focus Areas: Early-stage technology companies, particularly in software and IT.
- Notable Investments: Twitter, Zendesk, HubSpot.
- Quest Ventures
- Details: Quest Ventures is a venture capital firm that focuses on technology startups in Asia. They are an existing institutional investor in Fauna.
- Investment Focus Areas: Early-stage technology companies in Asia.
- Notable Investments: Carousell, 99.co, ShopBack.
- ADDITION
- Details: ADDITION is a venture capital firm that focuses on early-stage technology companies across various sectors. They participated in Fauna's $27M funding round.
- Investment Focus Areas: Early-stage technology companies across various sectors.
- Notable Investments: Not specified in the sources.
What's Next for Fauna?
Fauna stands at the cusp of significant growth opportunities, driven by the increasing adoption of serverless architectures and the rising popularity of data APIs. With a user community of over 25,000 developers and a recent $27 million funding round, the company is well-positioned to become a leading player in the serverless database market. The integration of FaunaDB with popular serverless platforms like AWS Lambda and Google Cloud Functions further enhances its appeal.
Future fundraising opportunities appear promising, given the involvement of high-profile investors and the addition of experienced executives like Eric Berg and Bob Muglia. These factors suggest that Fauna may continue to attract investment to accelerate its growth and innovation. However, the company will need to navigate challenges such as competition from other database providers, ensuring seamless integration with various developer tools, and maintaining security and scalability as it expands globally.
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