.
MergerLinks Header Logo

New Deal


Announced

GitLab raises $268m in a Series E funding round.

Financials

Edit Data
Transaction Value£217m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private Equity

Single Bidder

Venture Capital

Completed

Private

Friendly

Software

application software

Acquisition

United States

Synopsis

Edit

GitLab, a software developer, raises $268m in a Series E funding round led by Goldman Sachs and ICONIQ Capital. The round also included new investors Adage Capital Management, L.P, Alkeon Capital, Altimeter Capital, Coatue, D1 Capital Partners LP, Franklin Templeton, Light Street Capital, Tiger Global Management, Two Sigma Ventures. With plans to go public next year, GitLab is using the Series E funding to further develop its platform, adding key features in areas like monitoring, planning, and security. “To be competitive today, companies need to be 10x faster to market. We made an early bet that enterprises would benefit from a single application experience for DevOps teams to accelerate getting software products to market faster and more securely. I love hearing how our customers are innovating faster with a single DevOps application that enables Dev, Ops, and Security to collaborate, and this funding will help more organizations experience the benefits of this unified DevOps experience.” Sid Sijbrandij, CEO, GitLab.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US