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New Deal


Announced

Completed

Altimeter, Sequoia Capital, and Andreessen Horowitz led a $150m Series C funding round in dbt Labs.

Financials

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Transaction Value£108m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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data transformation tool

Venture Capital

Data Centers and Hosting

United States

Acquisition

Private Equity

Minority

Domestic

Completed

Single Bidder

Private

Friendly

Synopsis

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Altimeter, Sequoia Capital, and Andreessen Horowitz led a $150m Series C funding round in dbt Labs, a company focus on data transformation tool. Additional investor include Amplify Partners. "I worked as a data analyst for decades and was always slowed down by terrible workflows. The shift to powerful, cloud-based data platforms presented an opportunity to finally rethink those workflows. We believed that combining software engineering best practices with the preferred language of data analysts—SQL—would unlock collaboration and speed for data teams. We called this the analytics engineering workflow," Tristan Handy, dbt Labs CEO.

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