Funding

Domo Raises $131M in Series D-1

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What does Domo do?

Domo, is a cloud based executive management platform which provides users direct, real time access to all the business info they care about, everything in one place. It is an Utah based company which is a SaaS that aims at democratizing data analytics for everybody in a company, from C-level executives to employees executing every day work.

How much Domo was funded?

Domo raised $131M in Series D on March 21, 2016 from Credit Suisse and BlackRock.

Previous funding

  • Undisclosed amount on August, 2008 from Pelion Venture Partners
  • $650k on November 19, 2010
  • $10M on May 19, 2011 from Pelion Venture Partners, Hummer Winblad Venture Partners, HWVP, Lars Dalgaard, WPP, David Lee, Marc Benioff, Ron Conway,  John Thompson, Paul Sagan, Steven Singh,  Dan Rose, Hiroshi Mikitani, John Pestana,  Mark Gorenberg, Zetta Venture Partners and Andreessen Horowitz.
  • $33M in Series A on July 13, 2011 from SV Angel, Benchmark and Transmedia Capital.
  • $20M in Series B on February 10, 2012 from IVP (Institutional Venture Partners), Hummer Winblad Venture Partners
  • $60M in Series B on March 11, 2013 from GGV Capital, Bezos Expeditions, Greylock Partners, Founders Fund, Jeff Bezos, BYU Cougar Capital and Mercato Partners.
  • $125M in Series C on February 5, 2014 from IVP (Institutional Venture Partners), Mercato Partners, TPG Growth, Fidelity Investments,  Rowe Price,  Morgan Stanley, Dragoneer Investment Group,  Viking Venture Management,  GGV Capital, Salesforce Ventures, Greylock Partners, Hummer Winblad Venture Partners and HWVP.
  • $200M in Series D on April 8, 2015 from Glynn Capital Management, Capital Group Companies, BlackRock andGGV Capital

What is next for Domo?

The latest funding raised will be used for further enhancing its business cloud.

More about Domo

Domo was founded on October 1, 2010 by Josh James. It has its headquarters in American Fork, UT. The company delivers a software as a service based platform which helps business leaders and CEOs transform the way they manage their business through direct data access. To do a job well, one needs the right info at the right time, but that info lives in an increasing mess of disconnected spreadsheets, databases, systems and applications. This company solves that problem by bringing your business and its data together in one platform. It helps you view all the info you care about in one place so that you can make better decisions.

 

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