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Tobiko raises $21.8M in a Series A round led by Theory Ventures to build a modern data platform
RECENTLY ACQUIREDJun 05, 2024•about 2 years ago
Amount Raised
$21.8 Million
Round Type
Series A
San MateoSoftwareAnalyticsData CenterBig DataInvestors
Jordan TiganiBoris JabesGeorge Fraser20 SalesTheory Ventures
Description
Tobiko has raised a total of $21.8 million in funding, split between a $4.5 million seed round and a $17.3 million Series A round led by Theory Ventures. Other investors include 20Sales, Fivetran CEO George Fraser, Census CEO Boris Jabes, and MotherDuck CEO Jordan Tigani.
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1 contactFunding Insights
Based on industry dataTypical timeline to Series B
Series A companies typically raise their next round in 10-18 months
Monthly burn rate benchmark
47% of Series A startups spend $400k or more per month on operations
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech
Tobiko raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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