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Announced

Completed

Andreessen Horowitz led a $125m Series D funding round in Sourcegraph.

Financials

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Transaction Value£90m
Consideration TypeCash
Capital Owned-
Capital Bid For5%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Minority

Private

United States

code analysis

Acquisition

Software

Friendly

software development

Completed

Domestic

Private Equity

Venture Capital

Single Bidder

Synopsis

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Andreessen Horowitz, a venture capital firm, led a $125m Series D funding round in Sourcegraph, a developer of a code navigation tool. Other investors include Insight Partners, Geodesic Capital and other existing investors. “They’re all drowning in code, and we help solve that. Our product is universal code search, which helps developers search, understand and automate code. Universal code search that we built — and we spent a lot of time building it — is the first kind of code search that actually understands code as code and all the connections, that graph of code. And that means that if you’re a developer, you can get to that answer of how do I do this thing or how do I fix this or if I change this what’s going to break, in way less time and that’s why you need a purpose-built code search tool,” Quinn Slack, Sourcegraph CEO and Co-Founder.

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