Total amount raised
$115.7 Millions
Latest funding date
Location
HeadSpin has successfully raised funds from 42 investors, including notable names like Ericsson Ventures and Atlassian Ventures. The company recently closed a funding round on March 28, 2023, categorized as a "Venture - Series Unknown" round.
HeadSpin's platform offers real-world testing with SIM-enabled mobile devices, browsers, OTT media devices, and Smart TVs, supporting both cloud and on-prem deployment in over 50 global locations. Keep reading to explore the intricacies of HeadSpin's fundraising journey and the investors backing this innovative platform.
What Is HeadSpin?
HeadSpin, founded on August 15, 2015, by Brien Colwell and Manish Lachwani, is based in Sunnyvale, California. The company operates within multiple industries, including analytics, AI, digital marketing, and software development.
With a workforce of 101-250 employees, HeadSpin specializes in providing a digital experience intelligence platform. This platform leverages automation, AI, and analytics to unify end-to-end testing, performance optimization, and experience monitoring, supporting thousands of devices globally.
How Much Funding Has HeadSpin Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: August 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their digital experience intelligence platform.
- Series A
- Amount Raised: $11M
- Date: May 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Convertible Note
- Amount Raised: $24.7M
- Date: May 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing operations and product enhancements.
- Series B
- Amount Raised: $20M
- Date: October 2018
- Lead Investors: ICONIQ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enter new markets.
- Series C
- Amount Raised: $60M
- Date: February 2020
- Lead Investors: Dell Technologies Capital, ICONIQ Growth
- Valuation at Round: $1.16 billion
- Motivation Behind the Round: To develop new product offerings, expand into new market segments, and deepen the company's position within cloud ecosystems.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: March 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: March 2023
- Lead Investors: Atlassian Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling operations and enhance the platform's capabilities.
Total Amount Raised: $115.7M
Current Valuation: $1.16 billion
Key Investors
- Atlassian Ventures
- Details: Atlassian Ventures is the investment arm of Atlassian, a company known for its collaboration and productivity software. They focus on supporting early-stage companies that enhance the Atlassian ecosystem.
- Investment Focus Areas: Collaboration tools, productivity software, enterprise software.
- Notable Investments: Not publicly disclosed.
- Dell Technologies Capital
- Details: Dell Technologies Capital is the global venture capital investment arm of Dell Technologies. They back early-stage founders who push the envelope on technology innovation for enterprises.
- Investment Focus Areas: Technology innovation for enterprises, early-stage founders.
- Notable Investments: Adallom, Arista Networks, Cylance.
- ICONIQ Growth
- Details: ICONIQ Capital is a privately-held financial advisory and investment firm. They invest in technology growth equity and real estate asset classes.
- Investment Focus Areas: Technology growth equity, real estate asset classes.
- Notable Investments: Not publicly disclosed.
- Tiger Global Management
- Details: Tiger Global Management is an investment firm that deploys capital globally in both public and private markets. They focus on the internet, software, consumer, and financial technology sectors.
- Investment Focus Areas: Internet, software, consumer, financial technology.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Alpha Square Group
- Details: Alpha Square Group is a private investment firm that focuses on high-growth technology companies. They provide strategic support and capital to help companies scale.
- Investment Focus Areas: High-growth technology companies, strategic support.
- Notable Investments: Not publicly disclosed.
What's Next for HeadSpin?
HeadSpin is poised to capitalize on several significant opportunities, including the development of new product offerings and expansion into new market segments. With a valuation of $1.16 billion and a trajectory to hit $100 million in annual recurring revenue, the company is well-positioned to deepen its presence within cloud ecosystems and address increasing customer demand globally.
Future fundraising opportunities appear promising, given the company's rapid growth and the involvement of high-profile investors. This financial backing will likely support further development and market penetration, making additional funding rounds a strong possibility.
However, HeadSpin may face challenges such as maintaining rapid growth, staying ahead of technological advancements, and managing the complexities of international expansion. Addressing these challenges will be crucial for sustaining their momentum and achieving long-term success.
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