.
MergerLinks Header Logo

Announced

Completed

Tiger Global led a $110m funding round in Redis Labs.

Financials

Edit Data
Transaction Value£79m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Private Equity

Single Bidder

Acquisition

Minority

Software

Domestic

Venture Capital

software development

Private

Friendly

United States

Completed

database management system

Synopsis

Edit

Tiger Global led a $110m funding round in Redis Labs, a private computer software company based in Mountain View, California, with participation from SoftBank Vision Fund 2 and TCV. "Companies are increasingly looking for ways to leverage the efficiency and flexibility of the cloud to drive their business forward and Redis Labs is the best partner for them in this journey. Redis Labs has developed a real-time data platform to solve for low-latency requirements of business-critical applications and the go-to-market strategy to succeed alongside the cloud hyperscalers," John Curtius, Tiger Global Management Partner.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

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

CONTACT US