Total amount raised
$55.3 Million
Latest funding date
11/01/2021
Location
People Data Labs has successfully navigated six funding rounds, with the latest being a Series B round led by Craft Ventures. The company has attracted a total of 18 investors, including notable names like Guillaume "G" Cabane.
Stay tuned to delve deeper into the financial journey of People Data Labs and discover the key investors supporting this innovative B2B data solutions provider.
What Is People Data Labs?
People Data Labs is a software firm based in San Francisco, California, specializing in compliant data and B2B solutions. The company operates in various industries, including analytics, artificial intelligence, B2B, database, developer APIs, machine learning, and software.
Founded with a mission to provide industry-leading data solutions, People Data Labs has grown to employ between 101-250 people. The company has successfully raised funding through multiple rounds, attracting notable investors like Craft Ventures and Guillaume "G" Cabane.
How Much Funding Has People Data Labs Raised?
- Pre-Seed Round
- Amount Raised: USD 500,000
- Date: June 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company and develop initial product offerings.
- Seed Round
- Amount Raised: USD 775,000
- Date: February 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance product development.
- Seed Round
- Amount Raised: USD 2,200,000
- Date: August 2016
- Lead Investors: Susa Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series A Round
- Amount Raised: Not publicly disclosed
- Date: April 2017
- Lead Investors: 8VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the company's data solutions and expand its customer base.
- Series A Round
- Amount Raised: USD 7,000,000
- Date: October 2018
- Lead Investors: Founders Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings and increase market penetration.
- Series B Round
- Amount Raised: USD 45,000,000
- Date: November 2021
- Lead Investors: Craft Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To double the company's headcount and expand into critical verticals such as fintech and fraud detection.
Total Amount Raised: USD 55,475,000. Current Valuation: Not publicly disclosed.
Key Investors
- Craft Ventures
- Details: Craft Ventures is a venture capital firm that led the Series B funding round for People Data Labs. Jeff Fluhr, co-founder and general partner of Craft Ventures, will join PDL’s board of directors.
- Investment Focus Areas: Empowering engineers, data scientists, and developers; digital marketing; customer insights; fraud detection; talent recruitment.
- Notable Investments: Not publicly disclosed.
- Founders Fund
- Details: Founders Fund is a prominent venture capital firm known for investing in transformative companies. They led the Series A funding round for People Data Labs in October 2018.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- 8VC
- Details: 8VC is a venture capital firm that focuses on building and investing in transformative technology companies. They led the Series A funding round for People Data Labs in April 2017.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Susa Ventures
- Details: Susa Ventures is a venture capital firm that invests in early-stage technology companies. They led the Seed funding round for People Data Labs in August 2016.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
- Flex Capital
- Details: Flex Capital is a venture capital firm that participated in the Series B funding round for People Data Labs. They focus on investing in high-growth technology companies.
- Investment Focus Areas: Not publicly disclosed.
- Notable Investments: Not publicly disclosed.
What's Next for People Data Labs?
People Data Labs is poised to capitalize on significant opportunities in fintech, fraud detection, risk mitigation, and investment research. With plans to double its headcount, the company aims to enhance its firmographic data products, supporting applications in sales planning and investor due diligence. The growing demand for high-quality B2B data across various industries underscores the vast market potential.
Future fundraising efforts could focus on scaling operations and entering new markets, leveraging the involvement of prominent investors like Craft Ventures and Flex Capital. However, challenges such as competition, data privacy, and maintaining data quality may arise as the company expands. Strategic partnerships or acquisitions could also be on the horizon, further solidifying People Data Labs' position in the industry.
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