BI platform Looker raises $81.5M in Series D round led by CapitalG

Business Intelligence platform, Looker, 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. The latest funding will help the data analytics company “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.”
Gene Frantz, partner at CapitalG, added, “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. 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.” Looker claims to have tripled its revenues in 2016, 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. The company says that more than 40,000 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.

Abhinav Mohapatra

An author who has a keen interest for the ‘off-beat’ <!--more-->An author who has a keen interest for the ‘off-beat’, he has covered and explored multiple facets of the marketing, advertising

Great! You've successfully subscribed.
Great! Next, complete checkout for full access.
Welcome back! You've successfully signed in.
Success! Your account is fully activated, you now have access to all content.