November Private Market UpdateThe private market one year past the peak - down, not out
November Private Market Update
Cockroach Labs was founded in 2015 by Ben Darnell, Peter Mattis, and Spencer Kimball. CEO Kimball says that he has always hoped to take the company public, and that a $278 million equity round at the end of 2021 brought them closer to that goal. "What we’re looking at now as a management team is what will it take to get there,” he said. Cockroach Labs hired its first CFO that same year. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Cockroach Labs is the developer of CockroachDB, a database management system that operates on an open source, cloud-native platform. The company has raised more than $630 million in venture capital funding from investors including Greenoaks, Benchmark, Coatue, FirstMark, GV, Index Ventures, J.P. Morgan, Lone Pine Capital, Redpoint Ventures, and Tiger Global Management. The latest round of funding brought the company to a $5 billion post-money valuation.
Cockroach Labs does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
The stock price for Cockroach Labs will be known as it becomes public. Here are similar public companies: Dropbox (NAS: DBX), Okta (NAS: OKTA), VMware (NYS: VMW), Workday (NAS: WDAY), Atlassian (NAS: TEAM).
| Date | Funding Round | Funding Raised | Price per Share | IPO Valuation |
|---|---|---|---|---|
| 12/16/2021 | Series F | $278MM raised | $XXX.XX | $XXX.XX |
| 1/12/2021 | Series E | $160.13MM raised | $XXX.XX | $XXX.XX |
| 5/5/2020 | Series D | $86.66MM raised | $XXX.XX | $XXX.XX |
| 8/6/2019 | Series C | $55.63MM raised | $XXX.XX | $XXX.XX |
| 5/10/2017 | Series B | $27.29MM raised | $XXX.XX | $XXX.XX |
| 3/30/2016 | Series A-1 | $20.25MM raised | $XXX.XX | $XXX.XX |
| 6/4/2015 | Series A | $6.26MM raised | $XXX.XX | $XXX.XX |
