Look who made Forbes’ Next Billion-Dollar Startups 2017 list
By Susan Adams
September 26, 2017 — Santa Cruz, CA
Looker makes Forbes’ list of “Next Billion-Dollar Startups 2017”
“We have never been focused on valuation, but to be recognized by Forbes alongside many innovative companies — including some of Looker’s customers and partners — speaks volumes about the strength of our product and business model. None of it is possible, however, without our amazing employees around the world, and fantastic partners and customers.” — Frank Bien, Looker CEO
Every year for the past three, Forbes has gone looking for 25 young U.S. companies with a strong shot at reaching a valuation of $1 billion or more. Last year’s list included hot companies like the crowdfunding site GoFundMe, online retailer Boxed and innovative home seller OpenDoor. This year, with the help of TrueBridge Capital Partners, we asked venture firms which companies they thought most likely to hit the billion-dollar mark soon. Then we cut that list down to a final 25, evaluating strategies, funding and competitive challenges as well as estimating current revenues.
[Editor’s note: Let’s cut to the chase…]
Founders: Ben Porterfield, Lloyd Tabb;
Equity raised: $178 million;
Estimated 2017 revenue: $70 million;
Lead investors: CapitalG, First Round Capital, Kleiner Perkins Caufield & Byers, Meritech Capital Partners, Redpoint Ventures
What it does: Makes business-intelligence software that consolidates data from multiple applications. Looker’s software promises to take all of a company’s data and make it centrally accessible so it can be analyzed for trends and opportunities. The company has more than 1,000 corporate customers.