Looker closed the $81.5 million Series D, taking its total funding to $177.5 million since 2013
Looker, thanks to its fast-paced revenue growth in 2016, has managed to scoop mega-funding from seven investors, led by Google Capital (Capital G). CapitalG is the growth equity investment fund financed by Alphabet, Google’s parent company. The Series D funding for Looker will help the five-year-old start-up to extend its product suite beyond the existing clamour of data analytics that extensively caters to the B2C commerce ecosystem.
Other investors that funded Looker’s Series D include former investors like Kleiner Perkins Caufield & Byers, Meritech Capital Partners, Redpoint Ventures and Sapphire Ventures. Geodesic Capital and Goldman Sachs are the new investors that put their money into Looker’s future.
“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.” — Gene Frantz, partner at CapitalG
Looker closed the $81.5 million Series D, taking its total funding to $177.5 million since 2013.
Seemingly excited about the latest Series D martech funding, Frank Bien, CEO of Looker says- “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.”
Looker Aspires to Grow into New Markets
Looker offers a cutting-edge predictive data analytics platform, including the one that integrates with Google Cloud Spanner. The company is driven by the objective to let everyone in the company 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.
Bien is confident of not just repeating last year’s feat in 2017, but also sounds positive about consolidating their position in the “$20B data and business analytics market that is growing 10% each year.”
Bien adds, “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.”
Gene Frantz, partner at CapitalG acknowledged the value Looker brings into the Business Intelligence ecosystem with their products and technology solutions. Looker recently announced that they have tripled their revenue across 2016.
Frantz says, “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.”
Last month, Looker received the Google Cloud Global Partner Award for Solution Innovation at Partner Summit in San Francisco. It also became the first data analytics and visualization platform to join Google Cloud Spanner program.