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Venture Capital News: DBT Labs Raises $222M in Series D funding

2022-02-27
PHILADELPHIA, PA, dbt Labs, an analytics engineering startup, has raised $222 million in Series D financing led by Altimeter.
dbt Labs, an analytics engineering startup, has raised $222 million in Series D financing at a $4.2 billion valuation. The round was led by existing investor, Altimeter, with participation from existing investors Amplify Partners, Andreessen Horowitz, and Sequoia.

New investors participating in the Series D include Coatue, Tiger Global, ICONIQ Growth, GV, and GIC. Three strategic investors representing leaders in the shift to the cloud- Databricks, Salesforce Ventures, and Snowflake - also participated.
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