Looker Announces $81.5 Million In Series D Funding Led By CapitalG
By Brian Ziel
March 30, 2017 — Santa Cruz, CA
[Editor’s note: Here is the Forbes announcement of this news.]
Looker today announced that it has closed an $81.5 million Series D funding round led by CapitalG, Alphabet’s growth equity investment fund. The round includes additional participation from new investors Geodesic Capital and Goldman Sachs, as well as from Looker’s previous investors Kleiner Perkins Caufield & Byers, Meritech Capital Partners, Redpoint Ventures and Sapphire Ventures. Looker has raised a total of $177.5 million since 2013.
Looker is a modern data platform that leverages today’s best data technology to let everyone in an organization make better business decisions using data. Today’s announcement will help Looker continue to innovate with even more intuitive ways for users to access data, expand product functionality, and make deeper investments in its integrations with the most powerful database technologies. Looker will also accelerate its investments in sales and marketing and continue international expansion, including Asia Pacific.
“Looker’s modern architecture and approach is unique as compared to the piecemeal approach of connecting several different products together to make a complete analytics tool. This comprehensive approach allows Looker to accomplish things no other data tool is capable of today,” said Frank Bien, CEO of Looker. “Our product vision, which has been the same since day one, continues to be validated by the market and is underscored by the support from CapitalG. We’re proud to be added to their impressive portfolio of companies. We look forward to working together as we continue to grow our position in a $20B data and business analytics market that is growing 10% each year.”
“Today’s businesses have access to more data than ever, and while it’s become increasingly difficult to understand all of that data, it’s also extremely valuable to those companies that can,” said Gene Frantz, partner at CapitalG. “After watching this space for years, we were impressed by Looker’s unique holistic solution and are thrilled to support the company in its continued rapid growth.”
In 2016, Looker’s revenue nearly tripled while adding almost 400 new customers, including IBM, Hewlett-Packard, The Economist, Amazon Prime Now, Nordstrom’s, Square, Hearst, athenahealth, Casper, Red Bull, WeWork, Indiegogo, Giphy and Thrillist. More than 40,000 Looker users at over 800 companies around the world combine to use Looker for 30 million minutes each month.
Looker now has over 300 employees after adding more than 100 employees throughout its five offices in 2016. Earlier this year, Looker opened its EMEA headquarters in Dublin, Ireland to support more than 100 customers in the region and drive further expansion across multiple countries.
Learn more at Looker’s Winning with the 3rd Wave of BI webinar on April 13, 2017 at 10:00am PT.
Looker is a complete data platform that offers data analytics, exploration and insights to every function of a business and easily integrates into every departmental application to get data directly into the decision-making process. The company is powering data-driven cultures at more than 800 industry-leading and innovative companies such as Sony, Amazon, The Economist, Kohler, Etsy, Lyft and Kickstarter. The company is headquartered in Santa Cruz, California, with offices in San Francisco, New York, London and Dublin, Ireland. Investors include CapitalG, Geodesic Capital, Goldman Sachs, Kleiner Perkins Caufield & Byers, Meritech Capital Partners, Redpoint Ventures, First Round Capital, Sapphire Ventures, and PivotNorth. For more information, Connect with us on LinkedIn, on Twitter, Facebook, G+ and YouTube or visit looker.com.