Looker-logo_460x400

Looker raised funds of $30 mn

March 16, 2015 • DEALS

Business Intelligence Software-as-a-Service provider Looker has raised a $30 million Series B financing round led by Meritech Capital Partners.

Looker believes that business intelligence (or BI) needs to evolve to address modern data needs. The company views itself as a provider of tools that allow data analysts to create and curate custom data experiences from modern and big data—a web developer for BI, if you will—using a unique data description language called LookML for data modeling.

The company grew 400 percent in 2014, surpassing 250 customers, a sizable number for a BI provider. Customers include very data-driven organizations like Yahoo!, Warby Parker, Gilt Group and Docker.

After a $16 million round raised in summer 2013 earmarked for building out the rest of the product, growth investor Meritech is ready to make a big global push designed for rapid scale and growth phases.

Additional participation in the recent $30 million round came from Sapphire Ventures (formerly SAP Ventures), and existing investors Redpoint Ventures, First Round Capital, and PivotNorth.

Tags

FUNDING, Looker, Meritech Capital Partners, Series B Funding
Pin It

Related Posts