The Private Equity team advised Lead Edge Capital on leading LaunchDarkly’s $200 million in Series D financing.
Lead Edge Capital is a growth equity investment fund making software, internet, consumer, and tech-enabled services investments globally.
LaunchDarkly is a leading feature management platform for software development teams.
The round included new investors Top Tier Capital Partners and Insight Venture Partners as well as existing investors Bessemer Venture Partners, Redpoint, Threshold, Uncork Capital, and Bloomberg Beta.
The new funding triples LaunchDarkly’s post-money valuation to $3 billion, representing more than three times growth since its last funding round in January 2020. The new capital will be used to scale its core feature management platform and accelerate customer acquisition across verticals, continue its global expansion, and recruit and hire top-tier talent across engineering, marketing, and business development.
For more details, read the press release.