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Seems a big jump in valuation (1bn) from previous round. “Redis Labs, the provider of a database management system, has raised USD60 million in Series E fundin
by ximeng 6y ago
Seems a big jump in valuation (1bn) from previous round.
“Redis Labs, the provider of a database management system, has raised USD60 million in Series E funding round to accelerate the delivery of the most efficient database to the world. The funding was led by Francisco Partners, a leading private equity firm. With this funding round, Redis Labs’ valuation has now reached USD146 million.” - https://ciotechie.com/news/redis-labs-gets-usd60-million-in-series-e-funding-round-for-database-platform/ https://ciotechie.com/news/redis-labs-gets-usd60-million-in-...
- tyre 6y agowow 60 at 146 is awful. This company must be almost entirely owned by VC at this point.
- asaddhamani 6y agoAnd by the way it's worded, I assume 146 is post-money.
- echelon 6y agoI'm still learning all of these investment terms. If the 146M is post-money, then they own (60/146M)%? If it's pre-money, (60/(60+146M))%?
- mikepurvis 6y agoYes, that is correct.
- TuringNYC 6y agoThey are not VCs, they are a Private Equity firm: https://www.franciscopartners.com/about https://www.franciscopartners.com/about PE investments are very different. They are probably going to either slim/trim or focus on some core money-making part of the business and then sell/breakup/flip the business in a couple of years. The portfolio stats are totally different from VC.