Total amount raised
$2.8 Billion
Latest funding date
8/1/2021
Location
LaunchDarkly has successfully raised multiple funding rounds, with the latest being a Series D. The platform is backed by a diverse group of investors, including Redpoint and Heavybit.
Keep reading to explore the intricacies of LaunchDarkly's fundraising journey and the investors supporting this innovative feature management platform.
What Is LaunchDarkly?
LaunchDarkly is a feature management platform that helps software development teams deliver features to their customers efficiently. The company operates in the Developer Tools, DevOps, Software, and Test and Measurement industries. It is located in Oakland, California, and has an employee count between 251-500.
Founded by Edith Harbaugh and John Kodumal, LaunchDarkly has raised significant funding through multiple rounds, including Series D. The platform offers tools for targeting and segmentation, progressive rollouts, error monitoring, and automated rollbacks, integrating seamlessly into developer workflows.
How Much Funding Has LaunchDarkly Raised?
- Pre-Seed
- Amount Raised: Not publicly disclosed
- Date: February 2015
- Lead Investors: Alchemist Accelerator, Heavybit
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the platform and validate the market need for feature management tools.
- Seed
- Amount Raised: USD 2,600,000
- Date: June 2015
- Lead Investors: Uncork Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: USD 8,700,000
- Date: December 2016
- Lead Investors: Threshold
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series B
- Amount Raised: USD 21,000,000
- Date: December 2017
- Lead Investors: Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and support a growing customer base.
- Series C
- Amount Raised: USD 44,000,000
- Date: March 2019
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and integrate with more services.
- Series Unknown
- Amount Raised: USD 54,000,000
- Date: January 2020
- Lead Investors: Bessemer Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To achieve unicorn status and support rapid growth.
- Series D
- Amount Raised: USD 200,000,000
- Date: August 2021
- Lead Investors: Lead Edge Capital
- Valuation at Round: USD 3,000,000,000
- Motivation Behind the Round: To scale operations, hire more engineers, and build integrations with other services.
Total Amount Raised: USD 330,300,000. Current Valuation: USD 3,000,000,000.
Key Investors
- Lead Edge Capital
- Details: Lead Edge Capital is a growth equity investment firm that focuses on software and tech services. They led the Series D funding round for LaunchDarkly.
- Investment Focus Areas: Software, tech services, growth-stage companies.
- Notable Investments: Alibaba, Spotify, Uber.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a venture capital firm that has been involved in multiple funding rounds for LaunchDarkly, including Series C and Series D. They focus on investing in technology companies.
- Investment Focus Areas: Technology companies, software, internet businesses.
- Notable Investments: LinkedIn, Pinterest, Shopify.
- Redpoint
- Details: Redpoint is a venture capital firm that participated in LaunchDarkly's Series B and Series D funding rounds. They focus on early and growth-stage technology companies.
- Investment Focus Areas: Early-stage technology companies, growth-stage technology companies.
- Notable Investments: Netflix, Stripe, Twilio.
- Threshold
- Details: Threshold is a venture capital firm that has invested in LaunchDarkly's Series A and Series D funding rounds. They focus on early-stage technology companies.
- Investment Focus Areas: Early-stage technology companies, software, internet businesses.
- Notable Investments: Box, Doximity, Front.
- Uncork Capital
- Details: Uncork Capital is a venture capital firm that led the Seed funding round for LaunchDarkly. They focus on seed-stage technology companies.
- Investment Focus Areas: Seed-stage technology companies, software, internet businesses.
- Notable Investments: Eventbrite, Fitbit, Postmates.
What's Next for LaunchDarkly?
LaunchDarkly stands at the cusp of significant growth opportunities. With a $3 billion valuation and a customer base that includes over 2,000 companies, the platform is poised to scale its operations and expand its market reach. The company plans to build integrations with major services like ServiceNow, Atlassian, Zendesk, and Salesforce, which could open new avenues for customer acquisition and service enhancement.
Future fundraising seems promising given the recent successful Series D round. The influx of capital will likely attract further investments, enabling LaunchDarkly to continue its global expansion and recruit top-tier talent. However, the company must navigate challenges such as educating potential customers on the benefits of feature management and competing with in-house solutions developed by other firms.
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