Big data analytics provider Looker pulls in $103m Series E round

Looker, a big data analytics provider being used by FinTech companies including Avant and Venmo, has picked up a $103m financing round led by Premji Invest.

The new capital brings the total raised by Looker to more than $280m since it was founded in 2013.

It focuses on providing a platform which streamlines the data supply chain, with the aim of putting actionable information into the hands of all employees, when they need it.

The company consolidates fragmented data tools, from data preparation to visualization and cataloging to governance, into a single unified platform that aims to accelerate time-to-insight.

Other fintech businesses using the platform include TransferWise and UK insurance services provider Simply Business.

Looker’s revenue grew 70 per cent year-on-year in 2018, while the company added almost 500 new customers, including Cisco, Marks and Spencer, Five Guys, ESPN and Trivago.

The $103m Series E round also featured investment from Cross Creek Advisors and the company’s existing backers.

Looker CEO Frank Bien said, “We believe that data becomes exponentially more valuable when it is intelligently integrated together, at scale, across the entire organization, so Looker took a uniquely different and modern approach to the myriad of point solutions and single-use data tools.

“We built a new platform for data that greatly simplifies the data supply chain, so organizations can extract value from their data more quickly. We are pleased to have Premji and Cross Creek invest in Looker and in our vision to bring a new class of data platform to companies around the world.”

Copyright © 2018 FinTech Global

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