New Relic Garners $80,000,000 New Funding
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Feed Type
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Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cf5ec1de-1f45-42bb-8a64-b3b20be4205f&Preview=1 -
Date
2/6/2013 -
Company Name
New Relic -
Mailing Address
101 Second Street 15th Floor San Francisco, CA 94105 -
Company Description
New Relic, Inc. offers RPM(TM), a subscription-based Rails Performance Management solution that enables developers to quickly and cost effectively detect, diagnose and fix application performance problems in real time. -
Website
http://www.newrelic.com -
Transaction Type
Venture Equity -
Transaction Amount
$80,000,000 -
Transaction Round
Undisclosed -
Proceeds Purposes
The financing will be used to help the company expand into the mobile market, extend operations to Europe and increase its enterprise footprint, all in preparation for a future public offering. -
M&A Terms
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Venture Investor
Insight Venture Partners -
Venture Investor
T. Rowe Price -
Venture Investor
Dragoneer Investment Group -
Venture Investor
Passport Ventures -
Venture Investor
Allen & Company -
Venture Investor
Benchmark Capital -
Venture Investor
Trinity Ventures -
Venture Investor
Tenaya Capital
