What is LaunchDarkly?
LaunchDarkly is a software company based in Oakland, California, dedicated to enabling product delivery teams to release software safely and efficiently. Leveraging feature flags, the company provides advanced feature management solutions that grant organizations enhanced control over their software releases, thereby mitigating risks associated with rapid development cycles. Their platform is crucial for businesses operating in today's software-driven environments, ensuring seamless and error-free software deployments.
How much funding has LaunchDarkly raised?
LaunchDarkly has raised a total of $330.3M across 6 funding rounds:
Angel/Seed
$2.6M
Series A
$8.7M
Series B
$21M
Series C
$44M
Private Equity
$54M
Series D
$200M
Angel/Seed (2015): $2.6M with participation from SoftTech VC, Bloomberg, Cervin Ventures, and 500.com
Series A (2016): $8.7M led by DFJ and Softech VC
Series B (2017): $21M supported by Vertex Ventures and Redpoint Ventures
Series C (2019): $44M featuring Ethan Kurzweil, Redpoint Ventures, Draper Fisher Jurvetson (DFJ), Uncork Capital, and Vertex Ventures
Private Equity (2020): $54M backed by Threshold Ventures, Vertex Ventures, Bessemer Venture Partners, Redpoint Ventures, Bloomberg, and Uncork Capital
Series D (2021): $200M with participation from Lead Edge Capital Management, Uncork Capital, Bessemer Venture Partners, Insight Partners, Top Tier Capital Partners, Redpoint Global, and Threshold
Key Investors in LaunchDarkly
Lead Edge Capital Management
Lead Edge Capital Management is a growth equity investment firm that focuses on software, internet, consumer, and tech-enabled services businesses globally. They invest in both private and public companies, providing capital to support expansion and development.
Bessemer Venture Partners
Bessemer Venture Partners is a venture capital firm with a long history, established in 1911. They invest in early-stage and growth-stage companies across various sectors, providing capital and strategic guidance to help startups scale.
Insight Partners
Insight Partners is a global venture capital and private equity firm that invests in high-growth technology and software companies. They provide capital and operational support to help their portfolio companies scale and achieve market leadership.
What's next for LaunchDarkly?
With its recent major strategic investment, LaunchDarkly is poised for accelerated growth and expansion. This infusion of capital is expected to fuel further innovation in its feature management technology, enhance its market reach, and potentially support strategic acquisitions or partnerships. The company's continued success in securing significant funding rounds indicates strong investor confidence in its product vision and its ability to address critical challenges in modern software development and deployment.
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