Total amount raised
$435.9 Millions
Latest funding date
Location
Docker has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers tools and services that streamline containerized application development for developers worldwide.
Keep reading to explore the intricacies of Docker's fundraising journey and the investors backing this innovative platform.
What Is Docker?
Founded in October 2011 in Palo Alto, California, Docker has revolutionized the way developers build, share, and run applications. The company was established by Kamel Founadi, Sebastien Pahl, and Solomon Hykes.
Docker provides a collaborative application development platform that accelerates app delivery from code to the cloud. Their suite of tools and services includes Docker Engine, Docker Desktop, Docker CLI, Docker Extensions, Docker Personal, and Docker Pro.
With a workforce of 251-500 employees, Docker continues to support millions of developers worldwide, helping them efficiently and collaboratively create containerized applications.
How Much Funding Has Docker Raised?
- Series A
- Amount Raised: $12M
- Date: March 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial product offerings.
- Series B
- Amount Raised: $15M
- Date: January 2014
- Lead Investors: Greylock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the development team and accelerate product development.
- Series C
- Amount Raised: $40M
- Date: September 2014
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series D
- Amount Raised: $95M
- Date: April 2015
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and expand market reach.
- Series D
- Amount Raised: $18M
- Date: November 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the business and enhance product offerings.
- Series E
- Amount Raised: $91.9M
- Date: October 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform and support enterprise adoption.
- Series A (Recapitalization)
- Amount Raised: $35M
- Date: November 2019
- Lead Investors: Benchmark, Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To restructure the company and focus on core developer tools.
- Series B
- Amount Raised: $23M
- Date: March 2021
- Lead Investors: Tribe Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance product development.
- Series C
- Amount Raised: $105M
- Date: March 2022
- Lead Investors: Bain Capital Ventures
- Valuation at Round: $2.1B
- Motivation Behind the Round: To support developer productivity and expand the workforce.
Total Amount Raised: $434.9M. Current Valuation: $2.1B.
Key Investors
- Bain Capital Ventures
- Details: Bain Capital Ventures is a leading venture capital firm that invests in early to growth-stage companies. They focus on technology-driven businesses with high growth potential.
- Investment Focus Areas: Technology, healthcare, financial services, consumer/retail.
- Notable Investments: LinkedIn, DocuSign, SurveyMonkey.
- Benchmark
- Details: Benchmark is a venture capital firm known for its early-stage investments in technology startups. They have a strong track record of backing successful companies.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Uber, Twitter, Snapchat.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in growth-stage technology and software companies. They support companies in scaling and achieving market leadership.
- Investment Focus Areas: Software, internet, data services.
- Notable Investments: Shopify, Twitter, Qualtrics.
- Tribe Capital
- Details: Tribe Capital is a venture capital firm that focuses on early to growth-stage technology startups. They leverage data science to identify and support high-potential companies.
- Investment Focus Areas: Technology startups.
- Notable Investments: Carta, Front, Bolt.
- Sequoia Capital
- Details: Sequoia Capital is a renowned venture capital firm that invests in companies across various stages, from seed to growth. They have a history of backing industry-leading companies.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Apple, Google, Airbnb.
What's Next for Docker?
Docker stands at the cusp of significant opportunities, driven by the growing demand for developer tools and containerization technologies. With a $105 million Series C funding round, Docker aims to enhance developer productivity, particularly in Kubernetes application development. The company’s focus on improving Docker Desktop and expanding its developer community positions it well to capitalize on the anticipated $4.98 billion application container market by 2023.
Future fundraising opportunities appear promising, given the strong investor interest and Docker's strategic growth. The company’s valuation of $2.1 billion and its fourfold increase in annual recurring revenue underscore its potential for further investment rounds. However, Docker faces challenges such as managing rapid growth, addressing security threats, and competing with other container tools like Podman and containerd. Balancing these factors will be crucial as Docker navigates its path forward.
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