Algolia inputs $150m at a $2.25bn valuation

Aug 2, 2021 • gcv admin

Salesforce and Twilio backed the API platform developer in a series D round led by Lone Pine Capital, bringing its overall funding to $315m.

Algolia, a US-based developer of advanced online search software, has secured $150m in a series D round featuring enterprise software producer Salesforce and cloud communications platform Twilio, valuing it at $2.25bn post-money.

Hedge fund manager Lone Pine Capital led the round, which included financial services and investment group Fidelity, Steadfast Capital Ventures, Glynn Capital and existing investors including venture capital firm Accel. Salesforce invested through corporate venturing arm Salesforce Ventures.

Founded in 2012, Algolia provides an API platform that enables…

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