Total amount raised
$100 Millions
Latest funding date
9/1/2023
Location
MotherDuck has successfully raised $52.5 million over multiple funding rounds, with the latest being a Series B round.
Keep reading to explore the intricacies of MotherDuck's fundraising journey and the investors backing this innovative platform.
What Is MotherDuck?
MotherDuck, founded in May 2022, is based in Seattle, Washington. The company specializes in data infrastructure and analytics, offering a serverless platform that scales DuckDB into the cloud.
Founded by Jordan Tigani, Leila Horejsi, Ryan Boyd, and Valentino Tereshko, MotherDuck aims to provide a user-friendly analytics solution for both small and large datasets.
With a team of 11-50 employees, MotherDuck combines the speed and elegance of DuckDB with the collaborative capabilities of the cloud.
How Much Funding Has MotherDuck Raised?
- Seed Round
- Amount Raised: $12.5M
- Date: November 2022
- Lead Investors: Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow the engineering team and launch the platform.
- Series A
- Amount Raised: $35M
- Date: November 2022
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue development and initial user acquisition.
- Series B
- Amount Raised: $52.5M
- Date: September 2023
- Lead Investors: Felicis
- Valuation at Round: $400M
- Motivation Behind the Round: To accelerate development work, expand capabilities, and open up trials of the cloud software to all users.
Total Amount Raised: $100M. Current Valuation: $400M.
Key Investors
- Felicis
- Details: Felicis is a venture capital firm that invests in early-stage companies across various sectors. The firm is known for its focus on transformative technologies and has a diverse portfolio of investments.
- Investment Focus Areas: Transformative technologies, Consumer and enterprise software, Health and wellness
- Notable Investments: Shopify, Adyen, Plaid
- Andreessen Horowitz (a16z)
- Details: Andreessen Horowitz, also known as a16z, is a private venture capital firm based in Silicon Valley. The firm invests in both early-stage startups and established growth companies across various sectors, including technology, healthcare, and financial services.
- Investment Focus Areas: Technology, Healthcare, Financial services
- Notable Investments: Facebook, Airbnb, Slack
- Redpoint
- Details: Redpoint Ventures is a venture capital firm that invests in seed, early, and growth-stage companies. The firm focuses on sectors such as consumer and enterprise technology, including software, infrastructure, and media.
- Investment Focus Areas: Consumer technology, Enterprise technology, Media and infrastructure
- Notable Investments: Stripe, Twilio, HashiCorp
- Madrona
- Details: Madrona Venture Group is a venture capital firm based in Seattle, Washington. They focus on early-stage technology companies in the Pacific Northwest.
- Investment Focus Areas: Early-stage technology, Pacific Northwest companies, Cloud computing and AI
- Notable Investments: Snowflake, Smartsheet, Apptio
- Amplify Partners
- Details: Amplify Partners is a venture capital firm that specializes in early-stage investments in technology companies. They focus on enterprise software, data infrastructure, and developer tools.
- Investment Focus Areas: Enterprise software, Data infrastructure, Developer tools
- Notable Investments: Datadog, Fastly, Gremlin
What's Next for MotherDuck?
MotherDuck is poised to capitalize on the growing demand for serverless data analytics platforms. With the removal of the waitlist, the company is set to expand its user base significantly. The integration of various data engineering tools and the popularity of DuckDB present substantial growth opportunities. The platform's ability to offer a simplified, efficient data warehouse solution positions it well in the market.
Future fundraising seems promising, given the strong investor confidence demonstrated by the recent $52.5 million Series B round. Continued user adoption and successful integrations could attract further investments. However, MotherDuck will need to navigate challenges such as competition from established platforms and maintaining performance as it scales. Ensuring seamless integration with various tools will be crucial for sustained growth.
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