Total amount raised
$371.3 Millions
Latest funding date
12/1/2021
Location
SnapLogic has successfully raised significant funding across multiple rounds, with its latest being a Series H. The company offers a robust platform for enterprise cloud and big data integration.
Continue reading to delve into the details of SnapLogic's funding journey and the investors who support this innovative platform.
What Is SnapLogic?
Founded in 2006, SnapLogic is headquartered in San Mateo, California. The company was established by Mike Pittaro and focuses on providing a platform for enterprise cloud and big data integration.
SnapLogic's Intelligent Integration Platform accelerates data and process flow across various endpoints, including SaaS, ERP applications, APIs, data warehouses, big data, and IoT deployments. The platform is designed to be user-friendly, featuring a drag-and-drop interface for easy orchestration.
With a workforce of 251-500 employees, SnapLogic continues to innovate in the field of data integration, offering solutions that streamline workflows and unify data for businesses across multiple industries.
How Much Funding Has SnapLogic Raised?
- Series A
- Amount Raised: $2.5M
- Date: May 2007
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to develop and launch the platform.
- Series A
- Amount Raised: $2.3M
- Date: October 2009
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the team.
- Series B
- Amount Raised: $10M
- Date: October 2010
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product offerings.
- Series C
- Amount Raised: $20M
- Date: September 2012
- Lead Investors: Ignition Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate market penetration and product development.
- Series C
- Amount Raised: $2M
- Date: April 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and operational needs.
- Series D
- Amount Raised: $20M
- Date: October 2014
- Lead Investors: Ignition Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the customer base and enhance the platform.
- Series E
- Amount Raised: $37.5M
- Date: December 2015
- Lead Investors: Microsoft, Silver Lake Waterman
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive product innovation and expand market reach.
- Series F
- Amount Raised: $40M
- Date: December 2016
- Lead Investors: Vitruvian Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI capabilities and expand globally.
- Series G
- Amount Raised: $72M
- Date: October 2019
- Lead Investors: Arrowroot Capital Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and invest in sales and marketing.
- Series H
- Amount Raised: $165M
- Date: December 2021
- Lead Investors: Sixth Street
- Valuation at Round: $1 billion
- Motivation Behind the Round: To accelerate international expansion, product innovation, and sales and marketing efforts.
Total Amount Raised: $371.3M. Current Valuation: $1 billion.
Key Investors
- Sixth Street Growth
- Details: Sixth Street Growth is a part of Sixth Street, a global investment firm with over $50 billion in assets under management. The firm focuses on providing flexible, long-term capital to growing companies.
- Investment Focus Areas: Growth equity investments, technology, healthcare, financial services.
- Notable Investments: Airbnb, Spotify, MDLIVE.
- Arrowroot Capital Management
- Details: Arrowroot Capital Management is a growth equity firm based in Santa Monica, California. The firm specializes in investing in B2B software companies.
- Investment Focus Areas: B2B software, SaaS, enterprise software.
- Notable Investments: Zift Solutions, Emburse, Katalon.
- Vitruvian Partners
- Details: Vitruvian Partners is an independent European private equity firm that invests in dynamic situations characterized by rapid growth and change. The firm is headquartered in London.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Just Eat, Skyscanner, Farfetch.
- Microsoft
- Details: Microsoft is a multinational technology company headquartered in Redmond, Washington. It develops, manufactures, licenses, supports, and sells computer software, consumer electronics, personal computers, and related services.
- Investment Focus Areas: Cloud computing, artificial intelligence, enterprise software.
- Notable Investments: OpenAI, LinkedIn, GitHub.
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a private venture capital firm based in Menlo Park, California. The firm invests in both early-stage startups and established growth companies.
- Investment Focus Areas: Technology, fintech, healthcare.
- Notable Investments: Facebook, Airbnb, Lyft.
What's Next for SnapLogic?
SnapLogic stands at the cusp of significant opportunities, driven by the increasing demand for enterprise automation and AI-powered integration platforms. With $165 million in fresh funding, the company is poised to accelerate international expansion, enhance product innovation, and bolster sales and marketing efforts. The enterprise automation market is booming, and SnapLogic's robust platform positions it well to capitalize on this growth.
Future fundraising opportunities seem promising, given the substantial investment and the strategic involvement of Sixth Street Growth. This financial backing could pave the way for additional rounds to further fuel SnapLogic's expansion and innovation. However, the company may face challenges such as intense competition, the complexities of scaling operations internationally, and the need to keep pace with rapid technological advancements.
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