- Companies
- Algolia
Algolia Revenue, Valuation, Funding & Investors
Algolia is valued at $2.3B as of July 2021, a 30.0x multiple on its last reported $75M revenue.
Last Algolia valuation
$2.3B
Series D · Jul 2021
Last Algolia funding round
$150M
Series D · Jul 2021
Algolia revenue
$75M
Series D · Jul 2021
Key investors in Algolia
Accel
Alven
Initialized Capital
Point Nine
Storm Ventures
Thibaud Elziere
About Algolia
Algolia is a Paris-headquartered search-as-a-service API powering site search, discovery, and recommendation engines for e-commerce and media sites. It delivers sub-100 millisecond query responses using hybrid AI and vector search across text, images, and voice inputs. Algolia integrates with platforms like Shopify, WordPress, and Salesforce, serving brands such as Lacoste, Twitch, and Stripe from data centers in 15 regions worldwide. Founded in 2012, it supports merchandising rules and personalization for mobile apps and voice assistants.
Founded
2012
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$75M (Jul 2021)
Valuation
$2.3B (Jul 2021)
Algolia Valuation
Algolia is currently valued at $2.3B, based on its Series D in July 2021.
The $150M round was led by Lone Pine Capital, with participation from Salesforce Ventures, Fidelity, Blue Owl Capital Corp., Revaia, Steadfast Capital Management and 6 other investors.
Algolia's valuation has grown 7.4x from $303M at its Series B in June 2017 to $2.3B in July 2021, across 3 priced rounds.
Algolia valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jul 2021 | Series D | $2.3B | 30.0x |
| Oct 2019 | Series C | $578M | - |
| Jun 2017 | Series B | $303M | - |
Algolia Revenue
Algolia's latest recorded revenue is $75M, as of its Series D in July 2021. At a $2.3B valuation, that implies a 30.0x revenue multiple.
Algolia revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jul 2021 | $75M | $2.3B | 30.0x | Series D |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
Algolia Funding History
Algolia has raised a total of $334M across 7 funding rounds.
Algolia's first fundraising round was a $2M seed round in October 2013. The most recent completed round was a $150M Series D in July 2021.
Algolia funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2021 | Series D | Lone Pine Capital (lead); Salesforce Ventures; Fidelity; Blue Owl Capital Corp.; Revaia; Steadfast Capital Management; World Innovation Lab; Robin Capital; Twilio; Glynn Capital Management; Accel; DAG Ventures | $150M | $2.3B | Algolia, a Paris-based startup providing an AI-powered search-as-a-service API, raised $150 million in a Series D funding round on July 28, 2021, at a post-money valuation of $2.25 billion, more than quadrupling its previous valuation from the October 2019 Series C. The round was led by Lone Pine Capital, with participation from Accel, Salesforce Ventures, Fidelity, and others including Blue Owl Capital Corporation, DAG Ventures, Glynn Capital Management, Revaia, Robin Haak, Steadfast Capital Management, Twilio, and World Innovation Lab. The funding aims to support expansion into new markets and product areas beyond core search functionality. Algolia's platform enables developers to integrate real-time, customizable search into websites and apps, handling over 1.5 trillion search queries annually and serving more than 10,000 customers such as Stripe, Slack, Medium, Zendesk, Lacoste, and NBCUniversal. The company reported a 180% year-over-year increase in net new annual recurring revenue, reflecting strong enterprise demand for embeddable search amid competition from cloud giants like AWS CloudSearch, Google Cloud Search, and Microsoft offerings. In addition to search, Algolia has launched Algolia Recommend for real-time product suggestions and Predict, emphasizing a product-led growth strategy focused on developers in the API economy. This diversification positions Algolia to offer broader capabilities, such as prioritizing high-margin items in recommendations, differentiating it from pure search rivals and capitalizing on the growing need for dynamic digital experiences. |
| Oct 2019 | Series C | Accel (lead); Salesforce Ventures; Alven; Blue Owl Capital Corp.; World Innovation Lab; SaaStr Fund; Founders Circle Capital; Jean-Sébastien Wallez; DAG Ventures; Thibaud Elziere | $110M | $578M | Algolia, founded in 2012 and headquartered in San Francisco with offices in Paris, London, Tokyo, New York, and Atlanta, develops a Search-as-a-Service API platform that enables organizations to implement fast, relevant search for websites and mobile apps, optimizing customer experiences, engagement, and conversion rates. The platform supports features like data prioritization for sales likelihood and is used by over 8,000 customers including Stripe, Slack, Intuit, Discovery, Sephora, Lacoste, LVMH, Birchbox, Twitch, Medium, and Zendesk, handling 70 billion search queries monthly as of October 2019. Clients leverage Algolia for personalized, intelligent search with capabilities in machine learning and voice search. On October 15, 2019, Algolia raised $110 million in a Series C funding round led by Accel, with participation from Salesforce Ventures, Alven, DAG Ventures, Founders Circle, Owl Rock Capital (also referred to as Blue Owl Capital Corporation), SaaStr Fund, and World Innovation Lab. Accel partner Nate Niparko joined the board. This brought total funding to over $184 million at the time, following a $53 million Series B in 2017 also led by Accel, an $18.3 million Series A in 2015, and earlier seed rounds totaling around $2.8 million. The proceeds were allocated to global expansion across the U.S., Europe, and Asia-Pacific, as well as R&D to advance personalization, machine learning, and voice search features. One source reports a $468 million post-money valuation for this round. Algolia positioned itself as the market leader in Search-as-a-Service, focusing on B2B solutions rather than consumer services, viewing giants like Amazon and Google as partners. Subsequent funding included a $150 million Series D in July 2021 led by Lone Pine Capital at a $2.25 billion valuation, bringing total funding to $315 million or $335 million across sources, with investors like Salesforce Ventures and Twilio. |
| Jun 2017 | Series B | Accel (lead); Jyoti Bansal; Alven; Initialized Capital; Acequia Capital (AceCap); SaaStr Fund; Point Nine; Storm Ventures; Des Traynor; Clark Valberg | $53M | $303M | - |
| May 2015 | Series A | Accel (lead); Kevin Rose; Alven; Lead Edge Capital; Erik Swan; Point Nine; Storm Ventures; Solomon Hykes; Ilya Sukhar | $18M | - | Algolia is a Search-as-a-Service provider founded in France and headquartered in San Francisco, offering real-time search API solutions that help businesses create fast, relevant, and intuitive search experiences for their users. In May 2015, Algolia raised $18.3 million in Series A funding led by Accel Partners, with participation from existing investors including Alven Capital, Point Nine Capital, and Storm Ventures, as well as Lead Edge Capital and notable individuals such as Parse co-founder Ilya Sukhar, Docker's Solomon Hykes, Kevin Rose, and Splunk's Erik Swan. At the time of the Series A announcement, Algolia had over 600 paying customers across 50 countries and was handling more than four billion user-generated queries per month, operating 12 data centers delivering results in under 50ms globally. The investment would fuel expansion of sales operations and product development, positioning the company to scale its search infrastructure offerings in competition with larger providers. This Series A represented significant momentum following Algolia's $1.2 million second seed round, validating strong market demand for developer-focused search APIs. |
| Jun 2014 | Seed | Storm Ventures (lead); Zillionize; Initialized Capital; Acequia Capital (AceCap); Moisey Uretsky; Anshu Sharma; Michel Meyer; Thibaud Elziere | $1M | - | - |
| Mar 2014 | Pre-seed | The Family; Y Combinator | $100K | - | - |
| Oct 2013 | Seed | Index Ventures; Ilan Abehassera; LocalGlobe; Alven; Initialized Capital; Gilles Samoun; Point Nine; Thomas Sarlandie; Thibaud Elziere; 500 Global | $2M | - | - |
Who has invested in Algolia?
41 investors have backed Algolia across its funding rounds, including Accel, Alven, Initialized Capital, Point Nine, Storm Ventures and Thibaud Elziere.
Lead investors include Lone Pine Capital, Accel and Storm Ventures.
Algolia Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Participant | Oct 2013 | ||
| 4 | Lead | May 2015 | ||
| 3 | Participant | Oct 2013 | ||
| 3 | Participant | Oct 2013 | ||
| 3 | Lead | Jun 2014 | ||
| 3 | Participant | Oct 2013 | ||
| 2 | Participant | Oct 2019 | ||
| 2 | Participant | Oct 2019 | ||
| 2 | Participant | Oct 2019 | ||
| 2 | Participant | Jun 2014 | ||
| 2 | Participant | Jun 2017 | ||
| 2 | Participant | Oct 2019 | ||
| 1 | Participant | May 2015 | ||
This data is available for Pro users. Sign up to see all 41 Algolia investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by Algolia
Algolia has acquired 3 companies to date.
Last acquisition by Algolia was on September 12th 2022. Algolia acquired Search.io for undisclosed valuation.
Latest Acquisitions by Algolia
| Description | Search.io is a real-time search platform powering site search for thousands of businesses on websites, e-commerce stores, and mobile apps. It offers customizable AI-enhanced search experiences with features like personalization and analytics. Founded in 2019 and Sydney-headquartered, the company serves retail, media, and SaaS sectors with scalable infrastructure. | MorphL is a Montreal-based AI provider specializing in predictive models for mid-sized e-commerce firms. Its platform-agnostic suite automates personalization, demand forecasting, and customer segmentation across the full journey from acquisition to retention. Backed by Techstars Montreal AI, Google Digital News Initiative, and European Data Incubator, MorphL deploys models via APIs compatible with Shopify, Magento, and BigCommerce. The company enables rapid AI integration without data science teams, serving retailers in North America and Europe. | SeaUrchin.IO is a Paris-based platform for real-time search insights and analytics that tracks and visualizes software product development processes for enterprises. Founded in 2015, it aggregates data from code repositories, issue trackers, and CI/CD pipelines to monitor team performance and release cycles. Algolia acquired the company in March 2018, integrating its capabilities into Algolia's hosted search-as-a-service offerings serving over 17,000 customers worldwide. |
| HQ Country | |||
| HQ City | San Francisco, CA | Bucharest | Paris |
| Deal Date | 12 Sep 2022 | 26 Jan 2021 | 14 Mar 2018 |
| Valuation | undisclosed | undisclosed | undisclosed |
| EV/Revenue | |||
| EV/EBITDA | |||
This data is available for Pro users. Sign up to see all Algolia acquisitions and their M&A valuation multiples. Start Free Trial | |||
Algolia Competitors
Algolia competitors include listed companies like SoundHound and Braze, and private ones like Dialpad, Bloomreach, Insider and Iterable.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $125M | - | $2.3B | 18.0x | ||
| Private | $150M | - | $2.2B | 14.7x | ||
| Private | $200M | - | $2.5B | 12.5x | ||
| Private | $200M | - | $2B | 10.0x | ||
| Publicly listed | $169M | $19M | $2.7B | 11.3x | ||
| Publicly listed | $738M | ($109M) | $2.8B | 3.0x |
Algolia Public Comps
Algolia is still privately-owned, but its public comps include SoundHound, Marketingforce Management, Sansan, Braze, Sprinklr, Freshworks, ZoomInfo, Deluxe, Appier Group and Rezolve AI.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $169M | $19M | 14.6x | 11.3x | 132.5x | (35.5x) | |||
| $420M | $22M | 3.8x | 2.7x | 73.4x | 24.4x | |||
| $346M | $67M | 4.3x | 4.2x | 22.3x | 21.9x | |||
| $738M | ($109M) | 3.4x | 3.0x | (23.2x) | 33.6x | |||
| $857M | $66M | 1.0x | 1.0x | 13.6x | 5.5x | |||
| $839M | $41M | 3.2x | 2.9x | 65.7x | 11.3x | |||
| $1.2B | $326M | 2.0x | 2.1x | 7.8x | 5.1x | |||
| $2.1B | $379M | 1.2x | 1.2x | 6.7x | 5.6x | |||
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Common questions about Algolia
| When was Algolia founded? | Algolia was founded in 2012. |
| Where is Algolia headquartered? | Algolia is headquartered in San Francisco, CA, United States. |
| Is Algolia publicly listed? | No, Algolia is a private, VC-backed company. |
| What is Algolia's valuation? | Algolia was last valued at $2.3B in its Series D in July 2021. |
| How much funding has Algolia raised? | Algolia has raised $334M across 7 funding rounds. |
| What was Algolia's last funding round? | Algolia's last funding round was a $150M Series D in July 2021, led by Lone Pine Capital. |
| Who are Algolia's investors? | Algolia's investors include Alven, Accel, Initialized Capital, Point Nine, Storm Ventures, Thibaud Elziere, Salesforce Ventures, Blue Owl Capital Corp., World Innovation Lab, Acequia Capital (AceCap) and 31 others. |
| What is Algolia's revenue? | Algolia's latest recorded revenue is $75M (July 2021). |
| What is Algolia's revenue multiple? | Algolia's latest valuation implies a 30.0x revenue multiple ($2.3B valuation on $75M of revenue). |
| Which companies are comparable to Algolia? | Companies comparable to Algolia include Dialpad, Bloomreach, Insider, Iterable, SoundHound and Braze. |
| How many companies has Algolia acquired? | Algolia has acquired 3 companies, including Search.io, MorphL and SeaUrchin.IO. |
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