Total amount raised
$114.5 Millions
Latest funding date
Location
Jellyfish has successfully raised significant funding through multiple rounds, with its latest being a Series C. The platform specializes in providing software engineering intelligence, focusing on business alignment, DevOps, and data science services.
Keep reading to explore the intricacies of Jellyfish's fundraising journey and the investors backing this innovative platform.
What Is Jellyfish?
Jellyfish, founded in 2017, is an engineering management platform based in Boston, Massachusetts. The company was established by Andrew Lau, David Gourley, and Philip Braden.
Specializing in business alignment, DevOps, and data science services, Jellyfish helps engineering leaders align their teams' work with strategic business objectives. The platform analyzes engineering data and contextualizes it with business data to show how the team's efforts impact bottom-line growth.
With a team of 101-250 employees, Jellyfish continues to innovate in the field of software engineering intelligence, providing tools to track engineering work, communicate its value, and deliver business results.
How Much Funding Has Jellyfish Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2017
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop the platform and establish the company.
- Series A
- Amount Raised: $12M
- Date: May 2020
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand the team.
- Series B
- Amount Raised: $31.5M
- Date: January 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and enhance product offerings.
- Series C
- Amount Raised: $71M
- Date: February 2022
- Lead Investors: Accel, Insight Partners, Tiger Global
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale all functions and support the company's mission of aligning engineering work with business objectives.
Total Amount Raised: $114.5M. Current Valuation: Not publicly disclosed.
Key Investors
- Accel
- Details: Accel is a global venture capital firm that partners with exceptional teams from inception through all phases of private company growth. They have a strong track record of investing in technology companies.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Facebook, Dropbox, Slack, Spotify.
- Insight Partners
- Details: Insight Partners is a global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies. They have raised over $30 billion in capital commitments.
- Investment Focus Areas: Software, internet, technology.
- Notable Investments: Twitter, Shopify, DocuSign.
- Tiger Global
- Details: Tiger Global Management is an investment firm focused on private and public companies in the internet, software, and financial technology sectors. They have a significant presence in both private and public markets.
- Investment Focus Areas: Internet, software, financial technology.
- Notable Investments: JD.com, Stripe, ByteDance.
- Wing Venture Capital
- Details: Wing Venture Capital focuses on early-stage investments in technology companies, particularly in enterprise software and data-driven businesses. They aim to support transformative companies from the ground up.
- Investment Focus Areas: Enterprise software, data-driven businesses, technology.
- Notable Investments: Snowflake, Cohesity, Gong.
What's Next for Jellyfish?
Jellyfish stands at the cusp of significant growth opportunities, driven by the increasing need for visibility into software development. With $71 million in Series C funding, the company is poised to scale its operations and enhance its platform, aiming to transform engineering leaders into strategic business influencers. The market potential is vast, as evidenced by Jellyfish's tripled revenue in 2021 and a growing list of high-profile clients like Priceline and PagerDuty.
Future fundraising seems promising, given the strong backing from investors like Accel and Insight Partners. However, Jellyfish will need to navigate challenges such as maintaining rapid growth, continuous innovation, and staying ahead in a competitive market. The company's ability to scale effectively while ensuring platform reliability will be crucial in its journey ahead.
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