Total amount raised
$480M
Latest funding date
2017-09-26
Location
MuleSoft has successfully raised significant funding over multiple rounds, establishing itself as a key player in the integration and automation space. The platform offers comprehensive solutions for connecting systems, orchestrating workflows, and securing APIs.
What Is MuleSoft?
MuleSoft operates in the integration and automation industry, focusing on API management and AI integration. The company is headquartered at Salesforce Tower, 415 Mission Street, 3rd Floor, San Francisco, CA 94105, United States.
MuleSoft provides a comprehensive platform that enables organizations to connect their systems, data, and processes. The platform supports both IT and business teams with tools ranging from pro-code to low-code, facilitating the development of AI-powered applications and workflows. Recognized as a leader in iPaaS and API Management, MuleSoft is trusted by thousands of industry-leading customers to power billions of transactions daily.
How Much Funding Has MuleSoft Raised?
- Series A
- Amount Raised: $4M
- Date: October 2006
- Lead Investors: Hummer Winblad Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and develop initial product offerings.
- Series B
- Amount Raised: $12.5M
- Date: May 2007
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series C
- Amount Raised: $12M
- Date: March 2010
- Lead Investors: SAP Ventures (lead); Bay Partners, Morgenthaler Ventures also participated
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series D
- Amount Raised: $15M
- Date: February 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and increase market penetration.
- Series E
- Amount Raised: $37M
- Date: April 2013
- Lead Investors: New Enterprise Associates (NEA); Salesforce.com, Hummer Winblad Venture Partners, Morgenthaler Ventures, Lightspeed Venture Partners, SAP Ventures, and Bay Partners also participated
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and meet increasing global demand for services.
- Series F
- Amount Raised: $50.5M
- Date: March 2014
- Lead Investors: New Enterprise Associates (NEA), Lightspeed Venture Partners, and Meritech Capital Partners; Hummer Winblad Venture Partners, Morgenthaler Ventures, Bay Partners, Salesforce.com, SAP Ventures, and Cisco also participated
- Valuation at Round: ~$800M
- Motivation Behind the Round: To drive innovation and expand the product suite.
- Series G
- Amount Raised: $128M
- Date: May 2015
- Lead Investors: Salesforce Ventures; ServiceNow and Cisco Investments joined as new strategic investors. NEA, Lightspeed Venture Partners, Meritech Capital Partners, Bay Partners, Hummer Winblad Venture Partners, Morgenthaler, and Sapphire Ventures also participated.
- Valuation at Round: ~$1.5B (Unicorn status)
- Motivation Behind the Round: To enhance AI integration and support strategic partnerships.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: March 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- IPO (Post-IPO Equity)
- Amount Raised: ~$221M
- Date: March 17, 2017 (NYSE: MULE)
- Lead Investors: Underwritten by Goldman Sachs and J.P. Morgan; 13,000,000 shares of Class A common stock at $17 per share
- Valuation at Round: ~$2.14B initial market cap at IPO
- Motivation Behind the Round: To access public capital markets and accelerate growth. MuleSoft was subsequently acquired by Salesforce in May 2018 for approximately $6.5 billion.
Total Amount Raised: At least $480M based on disclosed funding (approximately $259M across private rounds plus ~$221M from the IPO).
Current Valuation: MuleSoft was acquired by Salesforce in May 2018 for approximately $6.5 billion; it is no longer independently publicly traded.
Key Investors
- New Enterprise Associates (NEA)
- Details: NEA is one of the largest and most active venture capital firms in the world, known for its extensive portfolio and significant investments in technology and healthcare sectors. NEA led MuleSoft's Series E round and co-led the Series F round.
- Investment Focus Areas: Technology, healthcare, energy
- Notable Investments: Workday, Coursera, Robinhood
- Salesforce Ventures
- Details: Salesforce Ventures is the investment arm of Salesforce, focusing on enterprise cloud companies that extend the power of the Salesforce platform. Salesforce Ventures led MuleSoft's Series G round and ultimately acquired MuleSoft for ~$6.5B in 2018.
- Investment Focus Areas: Enterprise cloud companies, SaaS, integration platforms
- Notable Investments: Twilio, Dropbox, Zoom
- Hummer Winblad Venture Partners
- Details: Hummer Winblad is a venture capital firm that focuses on early-stage software companies, providing them with the necessary resources to grow and succeed. They led MuleSoft's Series A round.
- Investment Focus Areas: Early-stage software companies, enterprise software, cloud computing
- Notable Investments: Omniture, Wind River, Arista Networks
- Lightspeed Venture Partners
- Details: Lightspeed is a venture capital firm that invests in the enterprise, consumer, and health sectors, supporting companies from early stages to growth. They led MuleSoft's Series B and co-led the Series F round.
- Investment Focus Areas: Enterprise, consumer, health sectors
- Notable Investments: Snapchat, Nest, GrubHub
- SAP Ventures
- Details: SAP Ventures invests in growth-stage technology companies, helping them scale and innovate in their respective markets. They led MuleSoft's Series C round.
- Investment Focus Areas: Growth-stage technology companies, enterprise software, cloud solutions
- Notable Investments: LinkedIn, Box, DocuSign
What's Next for MuleSoft?
MuleSoft stands at the cusp of significant growth opportunities, driven by the increasing demand for integration solutions in the cloud, SaaS, mobile, and big data sectors. The company's strategic partnerships and innovative platforms position it well to capitalize on the $500 billion integration market. As businesses continue to transition to cloud-based systems, MuleSoft's role in facilitating seamless integration becomes even more critical.
Future fundraising opportunities appear promising, given the successful $37 million round led by NEA and Salesforce.com. This financial backing not only underscores investor confidence but also sets the stage for potential future rounds to support aggressive growth plans and technological advancements. However, MuleSoft will need to navigate the complexities of integrating diverse applications and maintaining its competitive edge in a rapidly evolving market.
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