Total amount raised
$142.9 Million
Latest funding date
4/1/2018
Location
LogicMonitor has successfully raised funding over 7 rounds, with the latest being a Private Equity round. The company is backed by notable investors including Golub Capital and PSG Equity.
Keep reading to explore the intricacies of LogicMonitor's fundraising journey and the investors backing this innovative platform.
What Is LogicMonitor?
LogicMonitor is a hybrid observability platform that specializes in IT observability and monitoring for cloud-based IT infrastructures. The company operates out of Santa Barbara, California, and employs between 1001 and 5000 people.
Founded to provide predictive insights and intelligent automation, LogicMonitor integrates AI to offer full-stack observability for IT operations. The company has been acquired by Vista Equity Partners and continues to innovate in the fields of Artificial Intelligence, Cloud Infrastructure, DevOps, Information Technology, IT Infrastructure, and SaaS.
How Much Funding Has LogicMonitor Raised?
- Private Equity Round
- Amount Raised: USD 800,000,000
- Date: November 2024
- Lead Investors: Golub Capital, PSG Equity
- Valuation at Round: Approximately USD 2.4 billion
- Motivation Behind the Round: To accelerate platform expansion, broaden global market penetration, and diversify into new verticals.
- Debt Financing Round
- Date: November 2024
- Motivation Behind the Round: To support ongoing operations and strategic initiatives.
- Debt Financing Round
- Date: December 2021
- Lead Investors: Not publicly disclosed
- Motivation Behind the Round: To enhance financial flexibility and support growth initiatives.
- Private Equity Round
- Amount Raised: USD 130,000,000
- Date: June 2016
- Lead Investors: Providence Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth and expand product offerings.
- Series Unknown Round
- Amount Raised: USD 4,949,999
- Date: November 2015
- Motivation Behind the Round: To support early-stage growth and development.
- Series Unknown Round
- Amount Raised: USD 7,499,999
- Date: April 2014
- Motivation Behind the Round: To expand market reach and enhance technology.
- Series Unknown Round
- Amount Raised: USD 500,000
- Date: July 2009
- Motivation Behind the Round: To kickstart operations and initial product development.
Total Amount Raised: USD 943,949,998. Current Valuation: Approximately USD 2.4 billion.
Key Investors
- Golub Capital
- Details: Golub Capital is a market-leading private debt platform with over $45 billion of capital under management. They have participated in multiple private equity rounds for LogicMonitor.
- Investment Focus Areas: Middle-market companies, senior debt, second lien debt.
- Notable Investments: PetSmart, Inc., Radiology Partners.
- PSG Equity
- Details: PSG Equity is a growth equity firm that partners with middle-market software and technology-enabled service companies. They have participated in multiple private equity rounds for LogicMonitor.
- Investment Focus Areas: Software, technology-enabled services, growth equity.
- Notable Investments: Assembly, Formstack, Signpost.
- Vista Equity Partners
- Details: Vista Equity Partners is a leading global investment firm focused on enterprise software, data, and technology-enabled businesses. They are the controlling shareholder of LogicMonitor.
- Investment Focus Areas: Enterprise software, data, technology-enabled businesses.
- Notable Investments: Ping Identity, Marketo, Datto.
- Providence Equity Partners
- Details: Providence Equity Partners is a premier global asset management firm with over $45 billion in capital under management. They have invested in LogicMonitor to fuel growth and expand product offerings.
- Investment Focus Areas: Media, communications, education, information services.
- Notable Investments: Not publicly disclosed.
What's Next for LogicMonitor?
LogicMonitor stands at the cusp of significant growth opportunities, driven by an $800 million investment aimed at revolutionizing data centers with AI. This strategic move positions the company to expand its platform capabilities through mergers and acquisitions, enter new global markets, and diversify into new verticals. The potential for growth is immense, with the company already serving over 100,000 users across 30 countries.
Future fundraising opportunities seem promising, given the substantial backing from investors like PSG and Golub Capital. This financial support could pave the way for additional rounds to further bolster LogicMonitor's market presence and technological advancements. However, the journey ahead is not without challenges. Integrating new acquisitions, navigating new markets, and maintaining the platform's competitive edge will require careful strategy and execution.
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