Total amount raised
$633.1 Millions
Latest funding date
12/1/2021
Location
Cockroach Labs has successfully raised significant funding through multiple rounds, including a Series F, attracting a diverse group of investors. The company specializes in developing CockroachDB, a cloud-native, distributed SQL database designed for high availability and scalability.
Keep reading to explore the intricacies of Cockroach Labs' fundraising journey and the investors backing this innovative platform.
What Is Cockroach Labs?
Cockroach Labs, founded in February 2015, is based in New York, New York. The company was established by Benjamin Darnell, Peter Mattis, and Spencer Kimball. Specializing in cloud-native, distributed SQL databases, Cockroach Labs has grown to employ between 501 and 1000 people.
How Much Funding Has Cockroach Labs Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: April 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of CockroachDB.
- Series A
- Amount Raised: $6.3M
- Date: June 2015
- Lead Investors: Benchmark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the CockroachDB platform and expand the team.
- Series A (Extension)
- Amount Raised: $20.3M
- Date: March 2016
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and market reach.
- Series B
- Amount Raised: $27M
- Date: May 2017
- Lead Investors: Redpoint
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series C
- Amount Raised: $55M
- Date: August 2019
- Lead Investors: Altimeter Capital, Google Ventures, Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market presence and support customer growth.
- Series D
- Amount Raised: $86.6M
- Date: May 2020
- Lead Investors: Altimeter Capital, Bond
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product capabilities and drive customer acquisition.
- Series E
- Amount Raised: $160M
- Date: January 2021
- Lead Investors: Altimeter Capital
- Valuation at Round: $2 billion
- Motivation Behind the Round: To support growth and expansion efforts.
- Series F
- Amount Raised: $278M
- Date: December 2021
- Lead Investors: Greenoaks
- Valuation at Round: $5 billion
- Motivation Behind the Round: To capitalize on the growing cloud database market and support recent growth.
Total Amount Raised: $633.2M. Current Valuation: $5 billion.
Key Investors
- Greenoaks
- Details: Greenoaks is a global investment firm that focuses on technology companies. They led the Series F funding round for Cockroach Labs.
- Investment Focus Areas: Technology, internet, software companies.
- Notable Investments: Discord, Stripe, Robinhood.
- Altimeter Capital
- Details: Altimeter Capital is a technology-focused investment firm. They have participated in multiple funding rounds for Cockroach Labs, including Series D, E, and F.
- Investment Focus Areas: Technology, internet, software, data-driven companies.
- Notable Investments: Snowflake, Unity, Plaid.
- Benchmark
- Details: Benchmark is a venture capital firm known for early-stage investments. They participated in the Series A and Series F funding rounds for Cockroach Labs.
- Investment Focus Areas: Early-stage technology companies, software, internet companies.
- Notable Investments: Uber, Twitter, Snap.
- Index Ventures
- Details: Index Ventures is a global venture capital firm. They led the Series A extension round and participated in the Series F funding round for Cockroach Labs.
- Investment Focus Areas: Technology, software, fintech, e-commerce.
- Notable Investments: Dropbox, Slack, Robinhood.
- Coatue
- Details: Coatue Management is a global investment firm focused on technology, media, and telecommunications. They participated in the Series F funding round for Cockroach Labs.
- Investment Focus Areas: Technology, media, telecommunications, consumer internet.
- Notable Investments: ByteDance, DoorDash, Instacart.
What's Next for Cockroach Labs?
With the cloud database market projected to reach $104.5 billion by 2025, Cockroach Labs is poised to capitalize on this explosive growth. The company’s partnerships with major cloud providers like AWS and Google, along with the launch of CockroachDB Serverless, position it to attract a broader customer base and expand into new markets. The recent $278 million Series F funding round, which brought its valuation to $5 billion, underscores the vast opportunities ahead.
Future fundraising could be on the horizon as Cockroach Labs continues to innovate and scale. The company’s rapid growth, including a 500% increase in cloud revenue, suggests that additional capital may be sought to further enhance its technological capabilities and market reach. However, challenges such as competition from established players and the need to maintain high performance and security standards could pose hurdles. Navigating these complexities will be crucial for sustaining momentum and achieving long-term success.
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