Kleiner Perkins Caufield & Byers led a $48 million Series C funding round in Looker, which makes business intelligence software. Other investors in the funding included Redpoint Ventures, Meritech and Sapphire Ventures. Looker has raised a total of $96 million since its launch in 2013.
Looker, the data platform company powering data-driven companies, today announced it has closed a $48 million Series C funding round led by Kleiner Perkins Caufield & Byers (KPCB), with participation from previous investors, Redpoint Ventures, Meritech and Sapphire Ventures.
The financing will be used to accelerate the company’s growth through investments in sales, marketing and engineering as well as to fuel further international expansion. Including this current round, Looker has raised a total of $96 million since its launch in 2013.
Looker has driven 400 percent revenue growth by expanding its customer base from 150 last year to more than 450 today while also increasing the average deal size by more than 30 percent. New and growing enterprise customers include Kohler, Intel, eBay, PayPal, Zillow, Yahoo!, Sony, Autodesk, Etsy and others. New customers also include disruptors from the retail, finance and tech industries such as Lyft, BuzzFeed, Warby Parker, Docker, TripAdvisor, Instacart, Oscar, Hudson Bay, Avant, Harry’s, eShares and Stack Overflow. Looker opened its first EMEA office in London last year and significantly increased its European customer base with the addition of Reed Online, Transferwise, Home24, Red Eye International and Yieldify, among others.
“We see 97 percent of customers accessing Looker at least once per day. It has become increasingly common to see the majority of employees across multiple, if not all, departments using Looker. They’re asking deeper questions of their data and making reliable, confident business decisions,” said Looker CEO, Frank Bien.
Looker announced major product updates and partnerships over the past year including Looker Blocks, the first pattern language for analytics intended to make it easy for data analysts to quickly build a custom data platform with best in class metrics. Looker grew numerous strategic partnerships with major data warehousing solutions to help customers quickly deploy a data platform wherever their data lives or however it is structured. Looker has partnerships with Microsoft, IBM, Oracle, Amazon, Google, Cloudera, Databricks, Hortonworks, Treasure Data, HP and Teradata.
“It’s not a coincidence that Looker’s customers are some of the fastest growing industry disruptors. No other data analytics tool is giving organizations a single source of truth or the opportunity to ask questions and explore data in such a rich and user friendly way,” said Alex Kurland, partner at KPCB. “KPCB focuses on investing in teams and technologies that are reshaping industries. Looker is taking a highly differentiated approach to reshaping data analytics, which is one of the largest and most critical markets.”
“KPCB has a remarkable track record of fueling some of the biggest success stories within tech,” Bien added. “It’s an honor to be among KPCB’s stellar list of portfolio companies.”
To find out more about Looker, join the live demo on Wednesday, January 20, at 10:00 am PT. Register at http://www.looker.com/demo-live.
Looker is on a mission to bring better insights and data-driven decisions to every level of an enterprise. The company has fast become the catalyst that is bringing data cultures to more than 450 industry-leaders such as Yahoo!, Warby Parker, Hudson Bay, and Sony. Looker is the only analytics tool that allows a data analyst to curate and centralize massive amounts of data – creating a crucial single source of truth – and an easy way for every business team to quickly ask and answer their own questions. Business teams no longer need to work with just subsets of data, while data analysts can focus on more complex analysis instead of a never-ending list of requests from across the company. What results is a data culture where everyone understands what’s working and informed decisions can be made faster and with confidence. Looker integrates with Google, Spark, Impala, Hive, Amazon, Microsoft, Teradata, HP, IBM, and Snowflake, among others. The company is headquartered in Santa Cruz, California, with offices in San Francisco, New York, and London. Investors include KPCB, Meritech Capital Partners, Redpoint Ventures, First Round Capital, Sapphire Ventures, and PivotNorth. For more information, follow @lookerdata or visit http://www.looker.com.
About Kleiner Perkins Caufield & Byers (KPCB)
Kleiner Perkins Caufield & Byers (KPCB) partners with the brightest entrepreneurs to turn disruptive ideas into world-changing businesses. The firm has helped build pioneering companies like Amazon, Electronic Arts, Genentech, Google, Nest, Netscape, and Twitter. KPCB offers entrepreneurs years of operating experience, puts them at the center of a vast and influential network, and accelerates their success through expertise and support in recruiting, product design and delivery, business development, strategic partnerships, and brand building. KPCB invests in all stages from seed and incubation to growth companies and operates from offices in Menlo Park, San Francisco, Shanghai and Beijing. For more information, follow @kpcb or visit https://www.kpcb.com.