GitLab IPO

about.gitlab.comHosting/DevelopmentFounded: 2014Funding to Date: $426.31MM

GitLab was founded in 2013 by Sid Sijbrandij and Dmitriy Zaporozhets. On the company’s strategy website, they have pegged a target IPO date of Wednesday, November 18th, 2020, with the significance of it being “five years after the first people got stock options with 4 years of vesting.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

GitLab Inc. is the owner and developer of a project management platform with the same name. Gitlab has raised over $400 million in Venture Capital funding from investors including Blackrock, Coatue Management, Franklin Templeton, General Catalyst, Tiger Global Management, ICONIQ, Goldman Sachs, GV, Khosla Ventures, and Y Combinator. Per company press releases, Gitlab last raised $268 million in September 2019 at a post-money valuation of $2.75 billion.

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Date of Last Funding Round

Sept 2019

Amount Last Raised

$2.88 B

Value at Last Round

$268.5 MM

Total Funding to Date

$426.31 MM

Enterprise Value (based on primary financings)