LaunchDarkly was founded in 2014 by Edith Harbaugh and John Kodumal. The company has not publicly endorsed plans to participate in an IPO.
LaunchDarkly is a feature management platform that helps software developers minimize risk when launching a new product. By allowing developers to limit the number of users who have access to a new feature at launch, LaunchDarkly can reduce the impact of a bug and give engineers more time to respond. The company has raised more than $330 million in venture capital funding from investors including Lead Edge Capital, Insight Venture Partners, Bessemer Venture Partners, Vertex Ventures US, Redpoint, Threshold, and Uncork Capital. LaunchDarkly was valued at $3 billion after a Series D funding round in 2021 raised $200 million.
These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
08/10/2021 | Series D | $199.55MM | $xx.xx | $3.06B | Bessemer Venture Partners, Bloomberg Beta, Lead Edge Capital, Redpoint, Threshold, Top Tier Capital, Uncork Capital | |
Price per Share
$xx.xx
Shares Outstanding
9,050,134
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bessemer Venture Partners, Bloomberg Beta, Lead Edge Capital, Redpoint, Threshold, Top Tier Capital, Uncork Capital
|
||||||
01/16/2020 | Series C-1 | $54MM | $xx.xx | $837.84MM | Bessemer Venture Partners, Bloomberg Beta, Redpoint Ventures, Threshold Ventures, Uncork Capital, Vertex Ventures | |
Price per Share
$xx.xx
Shares Outstanding
7,967,128
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bessemer Venture Partners, Bloomberg Beta, Redpoint Ventures, Threshold Ventures, Uncork Capital, Vertex Ventures
|
||||||
03/13/2019 | Series C | $43.25MM | $xx.xx | $267.82MM | Bessemer Venture Partners, Dfj, Redpoint, Uncork Capital, Vertex Ventures | |
Price per Share
$xx.xx
Shares Outstanding
17,818,336
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bessemer Venture Partners, Dfj, Redpoint, Uncork Capital, Vertex Ventures
|
||||||
12/04/2017 | Series B | $22MM | $xx.xx | $92.5MM | Redpoint, Vertex Ventures | |
Price per Share
$xx.xx
Shares Outstanding
23,013,752
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Redpoint, Vertex Ventures
|
||||||
12/20/2016 | Series A-1 | $1.2MM | $xx.xx | $36.86MM | Bloomberg Beta, Threshold Ventures, Uncork Capital | |
Price per Share
$xx.xx
Shares Outstanding
5,636,448
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bloomberg Beta, Threshold Ventures, Uncork Capital
|
||||||
12/20/2016 | Series A | $10.04MM | $xx.xx | $36.86MM | Bloomberg Beta, Threshold Ventures, Uncork Capital | |
Price per Share
$xx.xx
Shares Outstanding
19,733,396
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Bloomberg Beta, Threshold Ventures, Uncork Capital
|