New Relic's Billion Dollar Valuation

VC Experts

3 minutes to read

New Relic, a software analytic provider, joined the billion dollar valuation club with their most recent Series F round. The $100M round was led by BlackRock and Passport Capital with participation from existing investors. The company introduced New Relic Insights last month, which is a real-time analytics platform that provides insights into customers, applications and their business. New Relic is a company to watch as they use the new financing for further product development and to expand the company's international presence.

New Relic, Inc.
The company provides a SaaS-based solution with an interface for web and native mobile applications that consolidates the performance monitoring data for any chosen technology in your environment. 
• Address: 188 Spear Street, Suite 1200, San Francisco, CA, 94105
• Geographic Region: Silicon Valley
• Industry: Software
• SIC Codes: 7372 - Prepackaged Software (reproduction of software)
• NAICS Codes: 511210 - Software Publishers
• Legal Counsel: Cooley LLP
• Company Website:
Key Management
• Sachleben, Mark - CFO
• Fenton, Peter - Chairman of the Board
• Moran, Patrick - Chief Marketing Officer
• Koplow-McAdams, Hilarie - Chief Revenue Officer
• Friar, Sarah - Director
• Currie, Peter - Director
• Scholnick, Dan - Director
• Cirne, Lewis - Founder, CEO, Director
• Cook, Chris - President, COO
• Gochee, Jim - SVP, Product
• Lapcevic, Bill - VP, Business Development
• Reno, Dennis - VP, Customer Success
• Freeman-Benson, Bjorn - VP, Engineering
• Schulman, Robin - VP, General Counsel
• McElfresh, Steve - VP, People Operations
• Lightbody, Patrick - VP, Product Management
• Cooley, Matt - VP, Sales

• Passport Capital LLC
• T. Rowe Price Threshold Partnerships
• Wellington Management
• Benchmark Capital
• BlackRock Private Equity Partners
• Allen & Company Inc
• Four Rivers Group
• Duff Ackerman & Goodrich LLC
• Tenaya Capital, Inc.
• Trinity Ventures
• Insight Venture Partners LLC

Most Recent Financing Round

Date Amount ($M) Valuation Est. Fully Diluted Shares Preferred Price Per Share
04/28/2014 $100.00 $1,389,594,530 48,026,354 $28.93
Round: Series F
Direction: Up Round

Liquidation Preference: Pari Passu
Liquidation Multiple: 0-1x
Stock Type: Conventional Convertible
Anti-Dilution: Weighted Average
Redemption: No
Cumulative Dividends: No
Dividend Rate: 8%
Pay to Play: No

Price Per Share With Valuation

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