Total amount raised
$55.3 Millions
Latest funding date
11/01/2021
Location
People Data Labs has successfully raised funds through multiple rounds, with the latest being a Series B round. The company has garnered the support of 18 investors, including notable names like Craft Ventures and Guillaume "G" Cabane.
People Data Labs offers a robust platform designed for B2B use, providing comprehensive data solutions to support various business needs. Keep reading to explore the intricacies of People Data Labs' fundraising journey and the investors backing this innovative platform.
What Is People Data Labs?
Founded in April 2015, People Data Labs is headquartered in San Francisco, California. The company was established by Henry Nevue and Sean Thorne.
Operating within the analytics, AI, B2B, and software industries, People Data Labs specializes in providing data solutions for developers, engineers, and data scientists. The company employs between 101 and 250 people.
People Data Labs is known for its extensive datasets and data-driven products, which help clients build person profiles, enrich records, power predictive modeling, and drive AI initiatives.
How Much Funding Has People Data Labs Raised?
- Series B
- Amount Raised: $45M
- Date: November 2021
- Lead Investors: Craft Ventures, Flex Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To double the company's headcount and expand offerings in fintech, fraud detection, risk mitigation, and investment research.
- Series A
- Amount Raised: $7M
- Date: October 2018
- Lead Investors: Founders Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance data solutions for B2B clients.
- Series A
- Amount Raised: Not publicly disclosed
- Date: April 2017
- Lead Investors: 8VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop data products and expand market reach.
- Seed Round
- Amount Raised: $2.2M
- Date: August 2016
- Lead Investors: Susa Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build initial product offerings and establish a market presence.
- Seed Round
- Amount Raised: $775K
- Date: February 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support early-stage development and operational costs.
- Series A
- Amount Raised: Not publicly disclosed
- Date: January 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and product development.
- Seed Round
- Amount Raised: $275K
- Date: June 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fund initial startup costs and product development.
Total Amount Raised: $55.25M
Current Valuation: Not publicly disclosed
Key Investors
- Craft Ventures
- Details: Craft Ventures is a venture capital firm co-founded by David Sacks, a well-known entrepreneur and investor. The firm focuses on early-stage and growth-stage companies.
- Investment Focus Areas: Technology, SaaS (Software as a Service), DaaS (Data as a Service)
- Notable Investments: Slack, Bird, Reddit
- Founders Fund
- Details: Founders Fund is a San Francisco-based venture capital firm founded by Peter Thiel, Ken Howery, and Luke Nosek. The firm is known for its investments in transformative technology companies.
- Investment Focus Areas: Technology, AI, Space Exploration
- Notable Investments: SpaceX, Palantir Technologies, Facebook
- 8VC
- Details: 8VC is a venture capital firm founded by Joe Lonsdale. The firm focuses on investing in companies that aim to create long-term value and solve significant problems.
- Investment Focus Areas: Healthcare, Logistics, Financial Services
- Notable Investments: Wish, Blend, Joby Aviation
- Susa Ventures
- Details: Susa Ventures is a seed-stage venture capital firm that invests in companies with strong network effects. The firm was founded by Chad Byers, Leo Polovets, and Seth Berman.
- Investment Focus Areas: Technology, Marketplaces, Data
- Notable Investments: Robinhood, Flexport, Andela
- Flex Capital
- Details: Flex Capital is a private equity firm that focuses on investing in and growing mid-sized companies. The firm is led by Auren Hoffman, who is also the CEO of SafeGraph.
- Investment Focus Areas: Technology, Data Services, Digital Marketing
- Notable Investments: Not specifically mentioned
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 a $45 million Series B funding round, the company plans to double its headcount, focusing on engineering and product development. This expansion aims to enhance their data products and empower developers and engineers to innovate.
Future fundraising opportunities seem promising, given the involvement of high-profile investors like Craft Ventures and Flex Capital. The growing demand for data-driven solutions across various industries could attract additional investment, enabling further scaling and product development.
However, challenges such as maintaining data accuracy, scaling operations, and facing competition from other data service providers may arise. Ensuring compliance and integrating new hires while preserving company culture will be crucial as People Data Labs continues to grow.
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