Looker snags $103 million investment on $1.6 billion valuation

TechCrunch | 12/6/2018 | Staff
jenny124124 (Posted by) Level 3
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Looker has been helping customers visualize and understand their data for seven years now and today it got a big reward, a $103 million Series E investment on a $1.6 billion valuation.

The round was led by Premji Invest with new investment from Cross Creek Advisors and participation from the company’s existing investors. With today’s investment Looker has raised $280.5 million, according the company.

Numbers - Company - Customers - Revenue - Rate

Instead, he preferred to concentrate on other numbers. He reported that the company has 1600 customers now and just crossed the $100 million revenue run rate, a significant milestone for any enterprise SaaS company. What’s more, Bien reports revenue is still growing 70 percent year over year, so there’s plenty of room to keep this going.

He said he took such a large round because there was interest and he believed that it was prudent to take the investment as they move deeper into enterprise markets. “To grow effectively into enterprise customers, you have to build more product, and you have to hire sales teams that take longer...
(Excerpt) Read more at: TechCrunch
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