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- Apollo GraphQL
Apollo GraphQL Valuation, Funding & Investors
Apollo GraphQL is valued at $1.5B as of August 2021.
Last Apollo GraphQL valuation
$1.5B
Series D · Aug 2021
Last Apollo GraphQL funding round
$130M
Series D · Aug 2021
Cumulative funding Apollo GraphQL raised
$152M
across 2 funding rounds
Key investors in Apollo GraphQL
Andreessen Horowitz
Matrix Partners
Trinity Ventures
Insight Partners
N47
Webb Investment Network
About Apollo GraphQL
Apollo GraphQL is a San Francisco-headquartered platform that standardizes GraphQL API development and federation. Since its 2016 founding, Apollo has achieved over 1 billion open-source downloads for its Client and Server libraries used by companies like Netflix, GitHub, and Priceline. The GraphOS cloud service enables schema registry, performance metrics, and supergraph composition across microservices, supported by investors including Andreessen Horowitz.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$1.5B (Aug 2021)
Apollo GraphQL Valuation
Apollo GraphQL is currently valued at $1.5B, based on its Series D in August 2021.
The $130M round was led by Insight Partners, with participation from Heavybit, N47, Matrix Partners, Hatim Shafique, Andreessen Horowitz and 4 other investors.
Apollo GraphQL valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2021 | Series D | $1.5B |
Apollo GraphQL Funding History
Apollo GraphQL has raised a total of $152M across 2 funding rounds.
Apollo GraphQL's first fundraising round was a $22M Series C in June 2019. The most recent completed round was a $130M Series D in August 2021.
Apollo GraphQL funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2021 | Series D | Insight Partners (lead); Heavybit; N47; Matrix Partners; Hatim Shafique; Andreessen Horowitz; Trinity Ventures; Unbound Ventures; MongoDB Ventures; Neythri Futures Fund | $130M | $1.5B | Apollo GraphQL is a pioneer in open source and commercial GraphQL API technologies, providing a unified Graph platform that serves as an essential new layer in the technology stack for organizations. The Graph consolidates services, data, and digital capabilities into a single representation, enabling developers to build applications faster and reducing service complexity. By August 2021, Apollo had assembled the largest community of GraphQL developers and boasted impressive enterprise adoption, with over 30% of Fortune 500 companies using its platform—including Walmart, PayPal, Expedia, Wayfair, The New York Times, Zillow, and Audi. The company processed over 6 billion queries daily across its platform. In August 2021, Apollo closed a $130 million Series D funding round led by Insight Partners, with participation from existing investors Andreessen Horowitz, Matrix Partners, and Trinity Ventures, along with additional investors Next47 and Hatim Shafique (Chief Customer Officer at Databricks). This round valued the company at $1.5 billion post-money and brought total funding to over $183 million since inception. Proceeds were intended to accelerate GraphQL open source community support and deepen the platform's technical capabilities as Apollo aimed to establish the Graph as a fundamental technology layer comparable in impact to cloud computing adoption. |
| Jun 2019 | Series C | Andreessen Horowitz (lead); Matrix Partners (lead); Rod Johnson; Sahin Boydas; Webb Investment Network; Trinity Ventures | $22M | - | Apollo GraphQL is the leader in open-source and commercial GraphQL technologies, helping engineering teams build unified graphs to accelerate application development and deliver cohesive experiences. Its open-source GraphQL client, server, and gateway are widely used, powering significant online properties like Expedia, Airbnb, PayPal, The New York Times, and SurveyMonkey. The company offers the Apollo Graph Platform, including Graph Manager for schema registry, analytics, workflows, and security, as well as Federation for composing multiple GraphQL services. Backed by investors including Andreessen Horowitz, Matrix Partners, Trinity Ventures, and Webb Investment Network, Apollo GraphQL was involved in a funding round around December 2019 matching the specified investors and lead investors. Later, in a Series D round announced by Insight Partners, Apollo raised $130 million, reflecting rapid growth with over 6 billion daily queries processed and enterprise ARR nearly tripling in the prior 12 months. Apollo demonstrated strong traction, with over 30% of Fortune 500 companies using its platform by the time of later announcements. It hosted GraphQL Summit in 2019 with over 1,200 attendees and 60 talks. The company grew 885% in a later period to rank on the 2022 Deloitte Technology Fast 500. |
Who has invested in Apollo GraphQL?
13 investors have backed Apollo GraphQL across its funding rounds, including Andreessen Horowitz, Matrix Partners, Trinity Ventures, Insight Partners, N47 and Webb Investment Network.
Lead investors include Insight Partners, Andreessen Horowitz and Matrix Partners.
Apollo GraphQL Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jun 2019 | ||
| 2 | Lead | Jun 2019 | ||
| 2 | Participant | Jun 2019 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Lead | Aug 2021 | ||
| 1 | Participant | Jun 2019 | ||
| 1 | Participant | Aug 2021 | ||
This data is available for Pro users. Sign up to see all 13 Apollo GraphQL investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Apollo GraphQL
Apollo GraphQL has acquired 2 companies to date.
Last acquisition by Apollo GraphQL was on June 26th 2015. Apollo GraphQL acquired Percolate Studio for undisclosed valuation.
Latest Acquisitions by Apollo GraphQL
| Description | Percolate Studio is a software development company creating applications across consumer, education, and business intelligence domains. New York-based, it builds data platforms for analytics and user engagement in learning management and market research. | FathomDB is a managed database service handling PostgreSQL and MySQL instances with automated backups, scaling, and monitoring. The platform eliminates DBA tasks like patching and replication setup, supporting high-availability clusters across AWS regions. Used by SaaS companies for transactional workloads, it features query analytics and slow-log resolution. Launched in 2015 from New Zealand, FathomDB serves development teams with per-instance pricing. |
| HQ Country | ||
| HQ City | San Francisco, CA | San Francisco, CA |
| Deal Date | 26 Jun 2015 | 7 Oct 2014 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Apollo GraphQL acquisitions and their M&A valuation multiples. Start Free Trial | ||
Apollo GraphQL Competitors
Apollo GraphQL competitors include listed companies like Progress Software and C3.ai, and private ones like Anaconda, Boba Network, CodeRabbit and Emergent.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $150M | - | $1.5B | 10.0x | ||
| Private | - | - | $1.5B | - | ||
| Private | $15M | - | $1.5B | - | ||
| Private | $120M | - | $1.5B | 12.5x | ||
| Publicly listed | $978M | $302M | $1.7B | 2.9x | ||
| Publicly listed | $250M | ($484M) | $1.7B | 4.5x |
Apollo GraphQL Public Comps
Apollo GraphQL is still privately-owned, but its public comps include Progress Software, C3.ai, Justsystems, Qt Group, Horizon Quantum, Hanwang Technology Co, Insyde Software, Shandong Cvicse, Suresofttech and Intercede Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $978M | $302M | 3.0x | 2.9x | 9.6x | 7.3x | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $331M | $156M | 3.1x | 3.2x | 6.7x | - | |||
| $249M | $62M | 4.3x | 3.9x | 17.3x | 16.0x | |||
| $269K | ($5M) | 2287.8x | - | (125.2x) | (33.0x) | |||
| $282M | ($14M) | 2.2x | - | (44.4x) | - | |||
| $53M | $14M | 5.3x | 5.2x | 19.6x | 19.5x | |||
| $22M | ($2M) | 8.0x | - | (112.8x) | - | |||
This data is available for Pro users. Sign up to see all Apollo GraphQL competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Apollo GraphQL
| When was Apollo GraphQL founded? | Apollo GraphQL was founded in 2016. |
| Where is Apollo GraphQL headquartered? | Apollo GraphQL is headquartered in San Francisco, CA, United States. |
| Is Apollo GraphQL publicly listed? | No, Apollo GraphQL is a private, VC-backed company. |
| What is Apollo GraphQL's valuation? | Apollo GraphQL was last valued at $1.5B in its Series D in August 2021. |
| How much funding has Apollo GraphQL raised? | Apollo GraphQL has raised $152M across 2 funding rounds. |
| What was Apollo GraphQL's last funding round? | Apollo GraphQL's last funding round was a $130M Series D in August 2021, led by Insight Partners. |
| Who are Apollo GraphQL's investors? | Apollo GraphQL's investors include Matrix Partners, Andreessen Horowitz, Trinity Ventures, Heavybit, N47, Rod Johnson, Sahin Boydas, Hatim Shafique, Insight Partners, Webb Investment Network and 3 others. |
| Which companies are comparable to Apollo GraphQL? | Companies comparable to Apollo GraphQL include Anaconda, Boba Network, CodeRabbit, Emergent, Progress Software and C3.ai. |
| How many companies has Apollo GraphQL acquired? | Apollo GraphQL has acquired 2 companies, including Percolate Studio and FathomDB. |
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