Total amount raised
$115.7 Million
Latest funding date
03/01/2023
Location
HeadSpin has successfully raised funding over 7 rounds, with the latest being a Venture - Series Unknown round. The company is backed by 42 investors, including notable names like Ericsson Ventures and Atlassian Ventures.
Keep reading to explore the intricacies of HeadSpin's fundraising journey and the investors backing this innovative platform.
What Is HeadSpin?
HeadSpin, located in Sunnyvale, California, is a developer of a digital experience intelligence platform. The company operates in various industries, including Analytics, AI, Digital Marketing, and Software. It has an employee count ranging from 101 to 250.
HeadSpin provides a real device testing platform for mobile, web, and OTT applications. The platform offers automated and manual testing capabilities, leveraging data science insights to detect issues and optimize performance. The company serves industries such as telcos, media, gaming, banking, and retail.
How Much Funding Has HeadSpin Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: August 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their digital experience intelligence platform.
- Series A
- Amount Raised: USD 11,000,000
- Date: May 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Convertible Note
- Amount Raised: USD 24,700,000
- Date: May 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and product enhancements.
- Series B
- Amount Raised: USD 20,000,000
- Date: October 2018
- Lead Investors: ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enter new markets.
- Series C
- Amount Raised: USD 60,000,000
- Date: February 2020
- Lead Investors: Dell Technologies Capital, ICONIQ Growth
- Valuation at Round: USD 1,160,000,000
- Motivation Behind the Round: To develop new product offerings and deepen its position within cloud ecosystems.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: March 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series Unknown
- Amount Raised: Not publicly disclosed
- Date: March 2023
- Lead Investors: Atlassian Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and enhancing the platform.
Total Amount Raised: USD 115,700,000
Current Valuation: USD 1,160,000,000
Key Investors
- Ericsson Ventures
- Details: Ericsson Ventures is the corporate venture capital arm of Ericsson, a global leader in telecommunications technology and services. The firm invests in high-growth companies that are strategically relevant to Ericsson's core business.
- Investment Focus Areas: Telecommunications, IoT, Cloud Computing
- Notable Investments: Cradlepoint, Apcera, Guardtime
- Atlassian Ventures
- Details: Atlassian Ventures is the investment arm of Atlassian, a company known for its collaboration and productivity software. The venture arm focuses on supporting the growth of companies that build products in the Atlassian ecosystem.
- Investment Focus Areas: Software, Collaboration Tools, SaaS
- Notable Investments: Not publicly disclosed
- Dell Technologies Capital
- Details: Dell Technologies Capital is the venture capital arm of Dell Technologies. It backs early-stage companies that are pushing the boundaries of technology innovation for enterprises.
- Investment Focus Areas: Enterprise Technology, Cybersecurity, Cloud Computing
- Notable Investments: Adallom, Arista Networks, MongoDB
- ICONIQ Growth
- Details: ICONIQ Growth is a privately-held financial advisory and investment firm. It partners with exceptional entrepreneurs and leaders to build enduring businesses.
- Investment Focus Areas: Technology Growth Equity, Real Estate
- Notable Investments: Not publicly disclosed
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that deploys capital globally in both public and private markets. The firm focuses on the internet, software, consumer, and financial technology sectors.
- Investment Focus Areas: Internet, Software, Fintech
- Notable Investments: Facebook, LinkedIn, Spotify
What's Next for HeadSpin?
HeadSpin's future looks promising with significant opportunities on the horizon. The company plans to leverage its recent $60 million Series C funding to develop new product offerings and expand into new market segments. This expansion is bolstered by the addition of Nikesh Arora as Chairman of the Board, whose leadership is expected to attract further investment and strategic partnerships.
As HeadSpin continues to grow, future fundraising opportunities are likely, potentially including additional venture capital rounds or even an IPO. The company's strong market position, evidenced by its $1.16 billion valuation, positions it well to capitalize on the increasing demand for advanced technology solutions in various sectors.
However, HeadSpin will face challenges such as maintaining rapid growth, ensuring product quality, and navigating competition. The company must also stay ahead of technological advancements to meet the evolving needs of its enterprise customers. Despite these challenges, HeadSpin's strategic initiatives and robust financial backing suggest a bright future ahead.
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