How Much Did Looker Raise? Funding & Key Investors

Looker has successfully raised significant funding over multiple rounds, culminating in its acquisition by Google for $2.6 billion. The platform specializes in business intelligence, data applications, and embedded analytics, offering a comprehensive suite of tools for data-driven decision-making.

Keep reading to explore the intricacies of Looker's fundraising journey and the investors backing this innovative platform.

What Is Looker?

Looker, founded in 2011, is an enterprise platform specializing in business intelligence, data applications, and embedded analytics. The company is headquartered in Santa Cruz, California, and was acquired by Google, becoming part of Google Cloud.

Looker was established by Ben Porterfield, Lloyd Tabb, and Marc Randolph. The platform provides solutions that integrate data into operational workflows, delivering actionable business insights and creating new value streams.

Currently, Looker employs between 501 and 1000 people, offering a comprehensive suite of tools designed to drive business forward through data-driven decision-making.

How Much Funding Has Looker Raised?

1. Seed Round
   • Amount Raised: $2M
   • Date: March 2013
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the development of Looker's business intelligence platform.
2. Series A
   • Amount Raised: $16M
   • Date: August 2013
   • Lead Investors: First Round Capital, Redpoint
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and accelerate product development.
3. Series B
   • Amount Raised: $30M
   • Date: March 2015
   • Lead Investors: Meritech Capital Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
4. Series C
   • Amount Raised: $48M
   • Date: January 2016
   • Lead Investors: Kleiner Perkins
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support rapid growth and market expansion.
5. Series D
   • Amount Raised: $81.5M
   • Date: March 2017
   • Lead Investors: CapitalG
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the platform and expand into new markets.
6. Series E
   • Amount Raised: $103M
   • Date: December 2018
   • Lead Investors: Premji Invest
   • Valuation at Round: $1.6B
   • Motivation Behind the Round: To support expansion into enterprise markets and prepare for a potential IPO.
7. 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: $280.5M. Current Valuation: $1.6B.

Key Investors

• Premji Invest
  • Details: Premji Invest is the investment arm of Azim Premji, the chairman of Wipro Limited. It focuses on growth-stage companies across various sectors.
  • Investment Focus Areas: Technology, consumer, financial services.
  • Notable Investments: Not publicly disclosed.
• CapitalG
  • Details: CapitalG is the growth equity investment fund of Alphabet Inc., the parent company of Google. It invests in companies that are poised for significant growth.
  • Investment Focus Areas: Technology, healthcare, consumer services.
  • Notable Investments: Airbnb, Stripe, Lyft.
• Kleiner Perkins
  • Details: Kleiner Perkins is a venture capital firm based in Silicon Valley. It has a long history of investing in early-stage technology and life sciences companies.
  • Investment Focus Areas: Technology, healthcare, sustainability.
  • Notable Investments: Google, Amazon, Twitter.
• Meritech Capital Partners
  • Details: Meritech Capital Partners is a growth-stage venture capital firm. It focuses on investing in technology companies that have demonstrated significant market traction.
  • Investment Focus Areas: Software, internet, healthcare.
  • Notable Investments: Facebook, Salesforce, Tableau.
• First Round Capital
  • Details: First Round Capital is a seed-stage venture capital firm. It is known for its hands-on approach in helping startups grow from the ground up.
  • Investment Focus Areas: Technology, consumer, healthcare.
  • Notable Investments: Uber, Square, Warby Parker.

What's Next for Looker?

Looker stands at the cusp of significant growth, with opportunities to expand into enterprise markets and build more products. With 1,600 customers and a $100 million revenue run rate, the potential is vast. The company plans to increase its workforce and enhance its sales teams to capitalize on these opportunities.

Future fundraising may come from public markets, as Looker prepares for a potential IPO. This move could provide the necessary capital to support its ambitious growth plans. However, challenges such as economic conditions and competition in the data visualization market could pose hurdles along the way.

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