Jellyfish Funding, Investors & Competitors
Jellyfish has raised $115M across 3 funding rounds, most recently a $71M Series C in February 2022.
Last Jellyfish funding round
$71M
Series C · Feb 2022
Cumulative funding Jellyfish raised
$115M
across 3 funding rounds
Key investors in Jellyfish
Accel
Wing Venture Capital
Insight Partners
Tiger Global
Half Court Ventures
About Jellyfish
Boston-headquartered Jellyfish delivers an engineering management platform that integrates code repository data from GitHub and GitLab with business metrics from Salesforce and Jira. The tool visualizes developer productivity, cycle times, and ROI alignment for teams at companies like National Grid and Workday. Launched in 2020, Jellyfish enables leaders to forecast capacity and prioritize features based on revenue impact.
Founded
2017
HQ
Boston, MAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Jellyfish Funding History
Jellyfish has raised a total of $115M across 3 funding rounds.
Jellyfish's first fundraising round was a $12M Series A in May 2020. The most recent completed round was a $71M Series C in February 2022.
Jellyfish funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Feb 2022 | Series C | Accel (lead); Tiger Global; Insight Partners; Wing Venture Capital | $71M | Jellyfish is an engineering management platform that helps engineering leaders align engineering work with strategic business objectives and gain transparency into their engineering organizations. The company pioneered the engineering management platform category, providing software tools for insight into engineering teams' work and operations. On February 1, 2022, Jellyfish announced a $71 million Series C round led by Accel, Insight Partners, and Tiger Global with participation from Wing Venture Capital and prior investors. The company had raised just over $114 million in total funding by that point, including a $31.5 million Series B round one year prior. The company demonstrated strong traction in 2021, more than tripling its revenue during that year with approximately 175 customers including Priceline, PagerDuty, and Hootsuite. Jellyfish tripled its employee headcount to 125 people by the time of the Series C, up from 20 employees two years prior. Founders Andrew Lau, David Gourley, and Philip Braden previously built Endeca, an e-commerce search software company, from eight to 550 employees and sold it to Oracle for $1.1 billion in 2011. |
| Jan 2021 | Series B | Insight Partners (lead); Accel; Wing Venture Capital | $32M | Jellyfish is a Boston-based startup providing an Engineering Management Platform that analyzes engineering signals and business data to give leaders visibility into team operations, resource allocation, and alignment with business objectives. The platform helps optimize engineering efforts, such as identifying time spent on maintenance versus coding or ensuring resources match priorities, serving customers like New Relic, SessionM (Mastercard), Medium, and Toast. On January 12, 2021, Jellyfish raised $31.5 million in a Series B funding round led by Insight Partners, with participation from prior investors Accel and Wing Venture Capital. This followed a $12 million Series A in May 2020 from Accel and Wing. The new capital was earmarked to expand the team across all business areas, scale the customer base, and accelerate growth in the engineering management space. The company reported strong traction, with revenues increasing fivefold in 2020 and sales jumping 90% since January prior to the Series A, while on track to triple its customer base that year. Investors highlighted a massive market need for data-driven engineering leadership, comparing the opportunity to pre-Salesforce sales teams and seeing potential for Jellyfish to become a large standalone public company amid rising demand as every firm builds software. Insight Partners' Matt Gatto joined the board, emphasizing Jellyfish's leadership in providing structure to engineering resource spending. The round reflects investor interest in developer productivity tools, with competitors like BlueOptima and the acquired GitPrime noted in the market context. |
| May 2020 | Series A | Accel (lead); Half Court Ventures; Wing Venture Capital | $12M | Jellyfish raised a $12 million Series A funding round in May 2020 led by Accel and Wing Venture Capital. The company provides an Engineering Management Platform that helps engineering leaders align engineering work with strategic business objectives. Half Court Ventures is not mentioned in connection with this round in sources. |
Who has invested in Jellyfish?
5 investors have backed Jellyfish across its funding rounds, including Accel, Wing Venture Capital, Insight Partners, Tiger Global and Half Court Ventures.
Lead investors include Accel and Insight Partners.
Jellyfish Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| Palo Alto, CA | 3 | Lead | May 2020 | |
| San Francisco, CA | 3 | Participant | May 2020 | |
| New York City, NY | 2 | Lead | Jan 2021 | |
This data is available for Pro users. Sign up to see all 5 Jellyfish investors. Start Free Trial | ||||
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Start Free TrialJellyfish Competitors
Jellyfish competitors include listed companies like GetBusy and Ricksoft Co, and private ones like Workboard, Rippling, Checkr and Tricentis.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | - | - | $800M | - | |
 United Kingdom | Publicly listed | $30M | $2M | $61M | 2.0x | |
| San Francisco, CA | Private | $570M | - | $17B | 29.5x | |
| San Francisco, CA | Private | $800M | - | $4.6B | 5.8x | |
| Austin, TX | Private | $425M | $86M | $4.5B | 10.6x | |
 Japan | Publicly listed | $70M | $3M | $21M | - |
Jellyfish Public Comps
Jellyfish is still privately-owned, but its public comps include Alphabet, Microsoft, Salesforce, Adobe, Strategy, Atlassian, Constellation Software, Baidu, SS&C Technologies and Kingsoft Office Software.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $403B | $176B | 10.2x | 8.7x | 23.3x | 19.0x | |||
| $332B | $205B | 11.1x | 10.7x | 18.0x | 17.5x | |||
| $42B | $13B | 5.5x | 5.2x | 17.8x | 12.2x | |||
| $24B | $9.3B | 4.3x | 3.9x | 10.9x | 8.2x | |||
| $477M | ($5.4B) | 149.4x | 144.4x | (13.1x) | (12.3x) | |||
| $6.6B | $142M | 7.4x | 7.2x | 342.1x | 23.7x | |||
| $12B | $2.5B | 4.0x | 3.5x | 18.5x | 12.9x | |||
| $19B | $3.3B | 1.3x | 1.4x | 7.8x | 8.0x | |||
This data is available for Pro users. Sign up to see all Jellyfish competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Jellyfish
| When was Jellyfish founded? | Jellyfish was founded in 2017. |
| Where is Jellyfish headquartered? | Jellyfish is headquartered in Boston, MA, United States. |
| Is Jellyfish publicly listed? | No, Jellyfish is a private, VC-backed company. |
| How much funding has Jellyfish raised? | Jellyfish has raised $115M across 3 funding rounds. |
| What was Jellyfish's last funding round? | Jellyfish's last funding round was a $71M Series C in February 2022, led by Accel. |
| Who are Jellyfish's investors? | Jellyfish's investors include Accel, Wing Venture Capital, Insight Partners, Half Court Ventures and Tiger Global. |
| Which companies are comparable to Jellyfish? | Companies comparable to Jellyfish include Workboard, GetBusy, Rippling, Checkr, Tricentis and Ricksoft Co. |
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