Domo Raises $200M in Series D
Domo has successfully raised $200M in a Series D at a $2B valuation led by TPG Growth, BlackRock.
Company Overview
Domo is a Data/Analytics company headquartered in American Fork, UT, founded in 2010 with 1000+ employees.
Business intelligence platform
Fundraising Details
- Amount Raised: $200M
- Round Type: Series D
- Valuation: $2B
- Date: 2017-04-11
- Investors: TPG Growth, BlackRock
About Domo
Business intelligence platform The company is positioned in the Data/Analytics sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: American Fork, UT
- Founded: 2010
- Team Size: 1000+
- Industry: Data/Analytics
What This Means
This funding round demonstrates strong investor confidence in Domo's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Data/Analytics sector continues to attract significant investment as companies innovate to meet evolving market demands. Domo's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $2B valuation marks an important milestone for Domo, positioning the company among notable players in the Data/Analytics industry.
Looking Ahead
With this new capital, Domo is well-positioned to execute on its growth strategy and continue building innovative solutions in the Data/Analytics space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2017-04-11. For more information about Domo, visit their headquarters at American Fork, UT.
