Total amount raised
$1.4 Billions
Latest funding date
12/1/2023
Location
Alteryx has successfully raised significant capital through various funding rounds, culminating in its acquisition by Clearlake Capital Group for $4.4 billion. The company's journey in securing investments highlights the confidence that prominent investors like Insight Partners, ICONIQ Growth, and Meritech Capital have in its data science and analytics platform.
Keep reading to delve into the details of Alteryx's funding history and the strategic investors who have backed this innovative enterprise.
What Is Alteryx?
Alteryx, founded in March 2011 by Dean Stoecker, Ned Harding, and Olivia Duane Adams, is headquartered in Irvine, California. The company specializes in providing an end-to-end data science and analytics platform for enterprises.
Alteryx's platform enables users to prepare, blend, and analyze data using a repeatable workflow, supporting predictive, statistical, and spatial analytics without requiring coding skills. It connects to various data sources, including data warehouses, cloud applications, and spreadsheets.
With a workforce of 1001-5000 employees, Alteryx focuses on simplifying, automating, and accelerating data analytics to deliver fast, reliable insights. The company's solutions empower business users to unlock business outcomes through AI-guided data automation and analytics.
How Much Funding Has Alteryx Raised?
- Series A
- Amount Raised: $18M
- Date: May 2013
- Lead Investors: Sapphire Ventures, Toba Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market reach.
- Series B
- Amount Raised: $60M
- Date: October 2014
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series C
- Amount Raised: $85M
- Date: October 2015
- Lead Investors: ICONIQ Growth, Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and increase R&D efforts.
- Post-IPO Debt
- Amount Raised: $800M
- Date: August 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To refinance existing debt and fund strategic acquisitions.
- Post-IPO Debt
- Amount Raised: $450M
- Date: February 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To use the net proceeds for general corporate purposes, including potential repurchases or repayments of outstanding convertible notes.
- Private Equity Round
- Amount Raised: Not publicly disclosed
- Date: December 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: $4.4B
- Motivation Behind the Round: To facilitate the acquisition by Clearlake Capital Group.
Total Amount Raised: $1.413B
Current Valuation: $4.4B
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm founded in 1995. They focus on growth-stage technology and software companies.
- Investment Focus Areas: Software, internet, data services.
- Notable Investments: Twitter, Shopify, DocuSign.
- ICONIQ Growth
- Details: ICONIQ Growth is a tech-focused investment firm that partners with visionary entrepreneurs. They provide capital and strategic support to help companies scale.
- Investment Focus Areas: Technology, software, consumer internet.
- Notable Investments: Snowflake, Datadog, Uber.
- Sapphire Ventures
- Details: Sapphire Ventures is a venture capital firm that invests in growth-stage technology companies. They leverage their extensive network to help companies grow.
- Investment Focus Areas: Enterprise technology, fintech, healthcare IT.
- Notable Investments: LinkedIn, Box, Square.
- Toba Capital
- Details: Toba Capital is a venture capital firm founded by Vinny Smith. They focus on early-stage and growth-stage technology companies.
- Investment Focus Areas: Software, cloud computing, cybersecurity.
- Notable Investments: Sauce Labs, Alteryx, Domo.
- Meritech Capital
- Details: Meritech Capital is a leading growth-stage venture capital firm. They invest in technology companies with proven business models and strong growth potential.
- Investment Focus Areas: SaaS, fintech, healthcare IT.
- Notable Investments: Facebook, Salesforce, Tableau.
What's Next for Alteryx?
Alteryx stands at the cusp of significant growth opportunities, driven by the recent upsizing and pricing of $450 million in senior unsecured notes. This capital infusion positions the company to leverage industry trends towards data-driven decision-making and AI-guided analytics. The funds will support general corporate purposes, including potential repurchases or repayments of outstanding convertible notes, setting the stage for strategic expansions and acquisitions.
Future fundraising opportunities appear promising, as the successful issuance of these notes could pave the way for similar endeavors. However, Alteryx must navigate challenges such as market conditions and investor demand. The company's ability to manage these risks will be crucial in maintaining its growth trajectory and capitalizing on emerging opportunities in the data analytics sector.
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