Total amount raised
$51 Million
Latest funding date
5/1/2021
Location
Metabase has successfully raised funds through four distinct funding rounds, with the most recent being a Series B round led by Insight Partners. The platform is backed by notable investors including New Enterprise Associates and Expa.
Metabase offers open-source business intelligence and embedded analytics solutions, providing features such as self-service analytics, dashboards, and query builders. 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 and analytics platform based in San Francisco, California. The company operates in the analytics, internet, and software industries, providing tools for creating dashboards, visualizations, and reports.
Founded with a mission to make data accessible to everyone, Metabase has grown to employ between 101-250 people. The platform is designed to be user-friendly, enabling non-technical users to explore data and generate insights without needing to write code.
How Much Funding Has Metabase Raised?
- Series B
- Amount Raised: USD 29,999,991
- Date: May 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand market reach.
- Series A
- Amount Raised: USD 8,000,000
- 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 Unknown
- Amount Raised: USD 13,045,420
- Date: February 2019
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and support growth.
- 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.
Metabase has raised a total of USD 51,045,411. The current valuation is Not publicly disclosed.
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm. They focus on growth-stage investments in technology and software companies.
- Investment Focus Areas: Technology, software, internet, data services
- Notable Investments: Twitter, Shopify, DocuSign
- New Enterprise Associates (NEA)
- Details: NEA is a global venture capital firm that invests in technology and healthcare companies at all stages. Julia Schottenstein from NEA is involved with Metabase.
- Investment Focus Areas: Technology, healthcare, software
- Notable Investments: Uber, Coursera, 23andMe
- Expa
- Details: Expa is a startup studio and venture capital firm founded by Garrett Camp, co-founder of Uber. They focus on building and investing in new companies.
- Investment Focus Areas: Technology, consumer products, software
- Notable Investments: Uber, Reserve, Haus
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 platforms. With a strong financial backing from its Series A funding, the company is poised to enhance its product and support its community of users, developers, and partners. This expansion is expected to attract more companies to integrate Metabase’s platform, leveraging the open-source community to drive innovation and adoption.
Future fundraising opportunities seem promising, given the successful Series A round and the involvement of a major investor like New Enterprise Associates. This financial momentum could pave the way for additional funding rounds, enabling Metabase to scale its operations further. However, the company may face challenges such as competition from other business intelligence platforms and the need for continuous innovation to stay ahead in the market.
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