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IPO on the horizon: Redis Labs raised $310M and doubled its valuation

Results for IPO on the horizon: Redis Labs raised $310M and doubled its valuation Israeli startup Redis Labs valuation exceeds the $2B mark as the company prepares to go public. But the CEO promises a straight-up IPO, no SPAC route Oshry Alkeslasi / 8 Apr 2021 • 2 min read Israeli startup Redis Labs announced closing a $310 million Series G round. The investment was led by Tiger Global, with participation from SoftBank’s Vision Fund 2 and existing investor TCV. The investment is composed of a $110 million investment in the company, alongside a secondary deal with the trio of funds purchasing a $200 million stake from existing investors. The round has doubled Redis’s valuation, estimated now to be north of $2 billion.

SoftBank : Redis Labs valued at over $2 billion in latest funding from SoftBank, others

SoftBank : Redis Labs valued at over $2 billion in latest funding from SoftBank, others
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Redis Labs valued at over $2 billion in latest funding from SoftBank, others

By Reuters Staff 2 Min Read (Reuters) - SoftBank Group Corp’s Vision Fund 2 and private equity firm Tiger Global Management have invested in Redis Labs, a real-time cloud analytics platform provider, in a late-stage funding round valuing the firm at over $2 billion. Existing investor TCV also participated in the round which raised $110 million, bringing the net amount so far to $347 million, the company said on Wednesday. The company’s other investors include Bain Capital Ventures, Francisco Partners, Goldman Sachs Growth, Viola Ventures and Dell Technologies Capital. Founded in 2011 by Ofer Bengal and Yiftach Shoolman in Tel Aviv, Israel, Redis Labs’ platform helps organizations process, analyze and forecast data effectively. It has deployed over 1 million databases so far.

Redis Labs raises $110M in new round, valuation reaches $2B

Redis Labs raises $110M in new round, valuation reaches $2B ​ By IANS | ​ 6 Views   New Delhi, April 7 : Database company Redis Labs on Wednesday said it has closed $110 million (about Rs 818 crore) in financing led by a new investor, Tiger Global, which brings the company s valuation to more than $2 billion. The company s Series G round also includes participation from another new investor, SoftBank Vision Fund 2, and existing Redis Labs investor TCV. Additionally, Tiger, SoftBank, and TCV acquired additional ownership as part of a $200 million secondary transaction. Founded in 2011 by Ofer Bengal (CEO) and Yiftach Shoolman (CTO), Redis Labs has now raised a net amount of $347 million.

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