Total amount raised
$280.5 Million
Latest funding date
12/01/2018
Location
Looker has successfully raised funding over 7 rounds, with the latest being a Secondary Market round. The platform is backed by 16 investors, including Alta Park Capital and Employee Stock Option Fund.
Looker, now part of Google Cloud, offers a business intelligence platform that leverages AI-powered analytics and a flexible semantic layer. Keep reading to explore the intricacies of Looker's fundraising journey and the investors backing this innovative platform.
What Is Looker?
Looker, an enterprise platform for business intelligence, data applications, and embedded analytics, is located in Santa Cruz, California. The company has an employee count between 501 and 1000.
As part of Google Cloud, Looker leverages AI-powered analytics and a flexible semantic layer to deliver business insights and build AI-powered applications. The platform integrates seamlessly with Google Cloud services, offering secure and scalable analytics solutions.
How Much Funding Has Looker Raised?
- Seed Round
- Amount Raised: USD 2,000,000
- Date: March 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and validate the market need for a new business intelligence platform.
- Series A
- Amount Raised: USD 16,000,000
- Date: August 2013
- Lead Investors: First Round Capital, Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the team and accelerate product development.
- Series B
- Amount Raised: USD 30,000,000
- Date: March 2015
- Lead Investors: Meritech Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product features.
- Series C
- Amount Raised: USD 48,000,000
- Date: January 2016
- Lead Investors: Kleiner Perkins
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and enter new markets.
- Series D
- Amount Raised: USD 81,500,000
- Date: March 2017
- Lead Investors: CapitalG
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale operations and invest in technology advancements.
- Series E
- Amount Raised: USD 103,000,000
- Date: December 2018
- Lead Investors: Premji Invest
- Valuation at Round: USD 1.6 billion
- Motivation Behind the Round: To expand into enterprise markets, build more products, and hire additional sales teams.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: December 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total amount raised: USD 280,500,000. Current valuation: USD 1.6 billion.
Key Investors
- Premji Invest
- Details: Premji Invest is the investment arm of Azim Premji's endowment and philanthropic initiatives. It led Looker's Series E investment round.
- Investment Focus Areas: Technology, enterprise companies, consumer products.
- Notable Investments: Flipkart, Snapdeal, PolicyBazaar.
- CapitalG
- Details: CapitalG is the growth equity investment fund of Alphabet Inc. It led Looker's Series D investment round.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Airbnb, Stripe, Lyft.
- Kleiner Perkins
- Details: Kleiner Perkins is a venture capital firm that specializes in investing in early-stage and growth companies. It led Looker's Series C investment round.
- Investment Focus Areas: Technology, life sciences, sustainability.
- Notable Investments: Google, Amazon, Twitter.
- Meritech Capital Partners
- Details: Meritech Capital Partners is a growth-stage venture capital firm. It led Looker's Series B investment round.
- Investment Focus Areas: Technology, healthcare, consumer internet.
- Notable Investments: Facebook, Salesforce, Tableau.
- First Round Capital
- Details: First Round Capital is a seed-stage venture capital firm. It was a lead investor in Looker's Series A investment round.
- Investment Focus Areas: Technology, consumer products, healthcare.
- Notable Investments: Uber, Square, Warby Parker.
What's Next for Looker?
Looker stands at the cusp of significant growth opportunities, particularly in expanding into enterprise markets and developing new products. With a robust customer base of 1,600 and a $100 million revenue run rate, the potential for scaling is immense. The company’s recent $103 million investment will fuel these initiatives, positioning Looker to capitalize on the increasing demand for data visualization and analytics.
Future fundraising may pivot towards an IPO, as suggested by CEO Frank Bien, marking a pivotal shift from private to public markets. This transition will require Looker to build mature internal processes, a challenge that underscores the importance of strategic planning and execution. As the company navigates these waters, it must also contend with economic conditions and fierce competition in the tech industry.
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