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 | Lone Pine Capital, Fidelity, STEADFAST Capital Ventures, Glynn Capital, Twilio, Accel, Salesforce Ventures | |
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Lone Pine Capital, Fidelity, STEADFAST Capital Ventures, Glynn Capital, Twilio, Accel, Salesforce Ventures
|
||||||
10/15/2019 | Series C | $90.75MM | $xx.xx | $646.19MM | Accel, Salesforce Ventures, DAG Ventures, Founders Circle Capital, Alven Capital Partners, SaaStr, World Innovation Lab, Owl Rock Capital Partners | |
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Accel, Salesforce Ventures, DAG Ventures, Founders Circle Capital, Alven Capital Partners, SaaStr, World Innovation Lab, Owl Rock Capital Partners
|
||||||
06/09/2017 | Series B | $53MM | $xx.xx | $295.25MM | Accel, Alven Capital Partners, SaaStr, Point Nine Capital, Acequia Capital, Agla Ventures, Jyoti Bansal, Clark Valberg, Des Traynor | |
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Accel, Alven Capital Partners, SaaStr, Point Nine Capital, Acequia Capital, Agla Ventures, Jyoti Bansal, Clark Valberg, Des Traynor
|
||||||
05/20/2015 | Series A-1 | $1.3MM | $xx.xx | $87.97MM | Accel, Alven Capital, Point Nine Capital, Storm Ventures, Edge Capital, Ilya Sukhar, Solomon Hykes, Kevin Rose, Erik Swan | |
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Accel, Alven Capital, Point Nine Capital, Storm Ventures, Edge Capital, Ilya Sukhar, Solomon Hykes, Kevin Rose, Erik Swan
|
||||||
05/20/2015 | Series A | $18.2MM | $xx.xx | $87.97MM | Accel, Alven Capital, Point Nine Capital, Storm Ventures, Edge Capital, Ilya Sukhar, Solomon Hykes, Kevin Rose, Erik Swan | |
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Accel, Alven Capital, Point Nine Capital, Storm Ventures, Edge Capital, Ilya Sukhar, Solomon Hykes, Kevin Rose, Erik Swan
|
||||||
06/19/2014 | Series Seed | $1.65MM | $xx.xx | $6.59MM | Storm Ventures, Index Ventures, Alven Capital Partners, Point Nine Capital, 500 Startups, Y Combinator, TheFamily | |
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
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
N/A
Key Investors
Storm Ventures, Index Ventures, Alven Capital Partners, Point Nine Capital, 500 Startups, Y Combinator, TheFamily
|