Algolia was founded in 2012 by Nicolas Dessaigne and Julien Lemoine. While the company has not spoken about publicly an IPO, rapid growth has led commentators to wonder if we may see one in the future. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Algolia offers "search as a service," streamlining the process of searching content within a website. According to TechCrunch, "the company now has over 10,000 customers, including some big names, such as Slack, Stripe, Medium, Zendesk and Lacoste," handling "over 1.5 trillion search queries per year." They go on to say, "while the company doesn't share revenue numbers directly, Algolia says that its annual recurring revenue has increased by 180% year over year." In July 2021 a press release, the company states that their latest round of funding brought in $150 million, bringing their total funding to $315 million from investors including Fidelity Management & Research Company LLC, STEADFAST Capital Ventures, Glynn Capital, and Twilio. This latest round of funding increased Algolia's post-money valuation to $2.25 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
07/28/2021 | Series D | $150MM | $xx.xx | $2.26B | Accel, Fidelity, Glynn Capital, Lone Pine Capital, Salesforce Ventures, Steadfast Capital Ventures, Twilio | |
Price per Share
$xx.xx
Shares Outstanding
5,129,078
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Fidelity, Glynn Capital, Lone Pine Capital, Salesforce Ventures, Steadfast Capital Ventures, Twilio
|
||||||
10/15/2019 | Series C | $90.75MM | $xx.xx | $646.19MM | Accel, Alven Capital Partners, Dag Ventures, Founders Circle Capital, Owl Rock Capital Partners, Saastr, Salesforce Ventures, World Innovation Lab | |
Price per Share
$xx.xx
Shares Outstanding
8,805,000
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Alven Capital Partners, Dag Ventures, Founders Circle Capital, Owl Rock Capital Partners, Saastr, Salesforce Ventures, World Innovation Lab
|
||||||
06/09/2017 | Series B | $53MM | $xx.xx | $295.25MM | Accel, Acequia Capital, Agla Ventures, Alven Capital Partners, Clark Valberg, Des Traynor, Jyoti Bansal, Point Nine Capital, Saastr | |
Price per Share
$xx.xx
Shares Outstanding
9,047,796
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Acequia Capital, Agla Ventures, Alven Capital Partners, Clark Valberg, Des Traynor, Jyoti Bansal, Point Nine Capital, Saastr
|
||||||
05/20/2015 | Series A-1 | $1.3MM | $xx.xx | $87.97MM | Accel, Alven Capital, Edge Capital, Erik Swan, Ilya Sukhar, Kevin Rose, Point Nine Capital, Solomon Hykes, Storm Ventures | |
Price per Share
$xx.xx
Shares Outstanding
3,214,905
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Alven Capital, Edge Capital, Erik Swan, Ilya Sukhar, Kevin Rose, Point Nine Capital, Solomon Hykes, Storm Ventures
|
||||||
05/20/2015 | Series A | $18.2MM | $xx.xx | $87.97MM | Accel, Alven Capital, Edge Capital, Erik Swan, Ilya Sukhar, Kevin Rose, Point Nine Capital, Solomon Hykes, Storm Ventures | |
Price per Share
$xx.xx
Shares Outstanding
9,745,287
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Alven Capital, Edge Capital, Erik Swan, Ilya Sukhar, Kevin Rose, Point Nine Capital, Solomon Hykes, Storm Ventures
|
||||||
06/19/2014 | Series Seed | $1.65MM | $xx.xx | $6.59MM | 500 Startups, Alven Capital Partners, Index Ventures, Point Nine Capital, Storm Ventures, Thefamily, Y Combinator | |
Price per Share
$xx.xx
Shares Outstanding
8,236,380
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
0.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
500 Startups, Alven Capital Partners, Index Ventures, Point Nine Capital, Storm Ventures, Thefamily, Y Combinator
|