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New Deal


Announced

Completed

Andreessen Horowitz led a $100m funding round in Starburst.

Financials

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Transaction Value£73m
Consideration TypeCash
Capital Owned-
Capital Bid For8%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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information technology services

Acquisition

IT Services: Other

Private

Completed

Minority

United States

Private Equity

Friendly

Venture Capital

Cross Border

Synopsis

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Andreessen Horowitz, a venture capital firm, led a $100m funding round in Starburst Data, a provider of information technology services, valuing the company at $1.2bn. The round was also joined by Salesforce Ventures, Index Ventures and Coatue. “It’s a great environment to raise capital and we’re excited to partner with Andreessen given their history of being able to accelerate the go-to-market efforts of companies including Databricks, which does for the data scientist what we aim to do for the business analyst,” Justin Borgman, Starburst Co-Founder, Chairman and CEO.

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