Announced
Completed
Financials
Sources
Tags
Single Bidder
Acquisition
Private
Majority
United States
Software
Completed
application software
Private Equity
Friendly
Synopsis
Dragoneer Investment Group and Salesforce Ventures led a $479m Series G funding round for Snowflake, the cloud data platform. Existing Snowflake investors, including Altimeter Capital, ICONIQ Capital, Madrona Venture Group, Redpoint Ventures, Sequoia, and Sutter Hill Ventures, are also participating in the round. This funding round raises Snowflake’s post-money valuation to over $12.4bn. “Snowflake’s rapid growth and ability to unlock real value for customers have been impressive. We are confident Snowflake’s innovative and evolving technology, and its customer-first approach, will continue to drive sustainable momentum over the long-term,” Marc Stad, Dragoneer Founder, and Managing Partner.
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