What is New Relic?
New Relic operates as a software analytics company, offering a cloud-based solution designed to analyze data points across various applications. Headquartered in San Francisco, California, the company provides critical insights for businesses seeking to understand and optimize their digital operations. Its platform is instrumental in monitoring application performance, user experience, and infrastructure health, enabling organizations to make data-driven decisions.
How much funding has New Relic raised?
New Relic has raised a total of $716.9M across 7 funding rounds:
Series A
$3.5M
Series B
$6M
Series C
$10M
Other Financing Round
$15M
Other Financing Round
$80M
Stock Offering
$115M
Debt
$487.4M
Series A (2008): $3.5M with participation from Benchmark Capital
Series B (2008): $6M led by Benchmark Capital and Trinity Ventures
Series C (2010): $10M supported by Benchmark Capital, Trinity Ventures, Allen & Company, and Tenaya Capital
Other Financing Round (2011): $15M featuring DAG Ventures, Four Rivers Group, Trinity Ventures, Benchmark Captial, Tenaya Capital, and Allen & Company
Other Financing Round (2013): $80M backed by Insight Venture Partners, Passport Ventures, Tenaya Capital, Dragoneer Investment Group LLC, T. Rowe Price, Allen & Company, Trinity Ventures, and Benchmark Capital
Stock Issuance/Offering (2014): $115M, investors not publicly disclosed
Debt (2018): $487.4M, investors not publicly disclosed
Key Investors in New Relic
Benchmark Capital
Benchmark Capital is a venture capital firm known for its early-stage investments in technology companies. They have a history of backing successful startups and are often involved in guiding companies through significant growth phases.
Trinity Ventures
Trinity Ventures is an early-stage investment firm dedicated to supporting mission-driven entrepreneurs and transforming their ambitious visions into reality. The firm invests in a diverse range of industries, exemplified by its portfolio that includes companies like Turos, Side, and Markforged. With a commitment to fostering lasting relationships and providing hands-on support, Trinity Ventures focuses on building high-impact businesses. Their approach emphasizes intellectual candor and engagement, making them a valued partner for innovative entrepreneurs.
Tenaya Capital
Tenaya Capital provides early-growth stage capital to exceptional entrepreneurs focused on building extraordinary technology companies. The firm aims to partner with entrepreneurs who are dedicated to creating enduring businesses. With a team that boasts decades of experience, Tenaya Capital is committed to supporting its clients in their growth journey. Their vision is to be trusted partners in the growth of innovative technology ventures.
What's next for New Relic?
The substantial capital infusion, particularly the recent strategic investment, positions New Relic for accelerated expansion and innovation. This backing is expected to fuel further development of its analytics platform, enhance its market reach, and potentially support strategic acquisitions. The company's focus on providing deep observability into complex cloud environments suggests a continued emphasis on addressing the evolving needs of enterprises navigating digital transformation.
See full New Relic company page
