Total amount raised
$51 Millions
Latest funding date
5/1/2021
Location
Metabase has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers open-source business intelligence tools, including self-service analytics, dashboards, and data visualizations.
Keep reading to explore the intricacies of Metabase's fundraising journey and the investors backing this innovative platform.
What Is Metabase?
Metabase is an open-source business intelligence tool that enables users to create dashboards and data visualizations. Founded in 2014, the company is headquartered in San Francisco, California.
The platform is designed to be user-friendly, allowing non-technical users to explore data, generate reports, and build interactive dashboards. Metabase supports various data sources and offers features like Visual Query Builder and embedded analytics.
Metabase was founded by Sameer Al-Sakran, Tom Robinson, and Louis Bennett. The company has grown to employ a diverse team dedicated to making data accessible to everyone.
How Much Funding Has Metabase Raised?
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: July 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure initial funding for product development and market entry.
- Venture Round
- Amount Raised: $13M
- Date: February 2019
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: $8M
- Date: April 2019
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To hire new talent and improve the product.
- Series B
- Amount Raised: $30M
- Date: May 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance platform capabilities.
Total Amount Raised: $51M. Current Valuation: Not publicly disclosed.
Key Investors
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that invests in technology and healthcare companies. Julia Schottenstein from NEA joined Metabase's board of directors as part of their investment.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Robinhood, Coursera, Duolingo.
- Insight Partners
- Details: Insight Partners is a leading global private equity and venture capital firm. They focus on growth-stage technology and software companies.
- Investment Focus Areas: Software, internet, data services.
- Notable Investments: Shopify, Twitter, Qualtrics.
What's Next for Metabase?
Metabase stands at the cusp of significant growth opportunities, driven by the increasing demand for business intelligence and data analytics tools. The company aims to expand its client base and enhance its platform's capabilities, making data more accessible to non-technical users. This expansion is supported by the $8 million raised in its Series A funding, which will be used to hire new talent and improve the product.
Future fundraising opportunities seem promising, given the successful Series A round led by New Enterprise Associates. As Metabase continues to grow, it may attract further investments to scale operations and enhance its platform. However, the company faces challenges such as competition from other business intelligence platforms and the need to maintain a user-friendly interface while adding advanced features.
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