Looker Raises $81.5M Funding Led by Alphabet’s CapitalG

Source: Pixabay

Looker announced this morning that they’ve secured $81.5 million in Series D funding. The investment was led by CapitalG, Alphabet’s growth equity 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. Since being founded in 2011, Looker has raised more than $177 million. This round comes on the heels of a $50 million-dollar Series C in January 2016.

Looker’s new capital will help the company expand product capabilities and make deeper investment in integrations with other providers. Additionally, they plan to invest in sales and marketing to expand in other areas, namely Asia Pacific. Looker has more than 300 employees and recently opened an office in Dublin, Ireland to support new business in the region.

In 2016, Looker’s revenue nearly tripled while adding almost 400 new customers. The vendor touts more than 40,000 users and 800 total customers,  including some of the top companies in the world like The Economist, Amazon Prime Now and Square.

In a statement, Looker’s CEO Frank Bien spoke to the news: “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.”

Check out our archive to see which other BI providers have received venture funding recently.

Read the press release.