Total amount raised
$288.1 Millions
Latest funding date
11/1/2021
Location
Treasure Data has successfully raised significant funding over multiple rounds, attracting notable investors such as SoftBank and Carbide Ventures. The company specializes in a cloud-based data analytics platform designed to manage and unify customer data.
Keep reading to explore the intricacies of Treasure Data's fundraising journey and the investors backing this innovative platform.
What Is Treasure Data?
Treasure Data, founded in 2011, is headquartered in Mountain View, California. The company was established by Bill Tai, Hironobu Yoshikawa, Kazuki Ohta, and Sadayuki Furuhashi.
Specializing in a cloud-based data analytics platform, Treasure Data helps businesses manage and unify customer data from various sources. Their platform leverages artificial intelligence to personalize customer journeys and optimize marketing spend.
With a workforce of 501-1000 employees, Treasure Data continues to innovate in the field of data management, providing solutions that cater to diverse industries and departments.
How Much Funding Has Treasure Data Raised?
- Seed Round
- Amount Raised: $1.5M
- Date: September 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their cloud-based data analytics platform.
- Seed Round
- Amount Raised: $1.3M
- Date: November 2012
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance their platform and expand their team.
- Series A
- Amount Raised: $5.3M
- Date: July 2013
- Lead Investors: Sierra Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale their operations and increase market penetration.
- Series B
- Amount Raised: $15M
- Date: January 2015
- Lead Investors: Scale Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand their customer base.
- Venture Round
- Amount Raised: $6M
- Date: August 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing innovation and market expansion.
- Series C
- Amount Raised: $25M
- Date: November 2016
- Lead Investors: Innovation Network Corporation of Japan, SBI Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their platform's capabilities and expand globally.
- Venture Round
- Amount Raised: $234M
- Date: November 2021
- Lead Investors: SoftBank
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive innovation in CDP technology and accelerate global growth.
Total Amount Raised: $287.1M. Current Valuation: Not publicly disclosed.
Key Investors
- SoftBank
- Details: SoftBank is a multinational conglomerate holding company headquartered in Tokyo, Japan. It is known for its significant investments in technology, telecommunications, and internet companies.
- Investment Focus Areas: Technology, telecommunications, internet sectors.
- Notable Investments: Uber, WeWork, Alibaba.
- Carbide Ventures
- Details: Carbide Ventures is a venture capital firm founded by Treasure Data's founders and long-time executives. The firm focuses on supporting early-stage technology companies.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Specific notable investments are not publicly disclosed.
- Scale Venture Partners
- Details: Scale Venture Partners is a venture capital firm based in Foster City, California. The firm invests in early-in-revenue technology companies.
- Investment Focus Areas: SaaS, cloud computing, digital marketing.
- Notable Investments: Box, DocuSign, HubSpot.
- Innovation Network Corporation of Japan
- Details: Innovation Network Corporation of Japan (INCJ) is a public-private investment fund aimed at promoting innovation and enhancing the value of Japanese companies. It is headquartered in Tokyo, Japan.
- Investment Focus Areas: Technology, healthcare, energy.
- Notable Investments: Renesas Electronics, Japan Display, Whill.
- SBI Group
- Details: SBI Group is a financial services company based in Tokyo, Japan. It operates in various sectors including asset management, biotechnology, and financial services.
- Investment Focus Areas: Financial services, biotechnology, asset management.
- Notable Investments: Ripple, R3, AntWorks.
What's Next for Treasure Data?
Treasure Data stands at the cusp of significant growth, driven by a $234 million investment led by SoftBank. This funding will enable the company to expand its customer data platform (CDP) capabilities, enhancing customer-centricity across marketing, service, and sales. The opportunity is vast, with digital customer interactions tripling over the past two years, highlighting the need for robust, privacy-compliant data platforms.
Future fundraising opportunities seem promising, given the substantial backing from SoftBank and Carbide Ventures. However, Treasure Data will need to navigate increasing security, privacy, and global data governance requirements. Maintaining a competitive edge in a rapidly evolving digital landscape will be crucial for their continued success.
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