LaunchDarkly Valuation, Funding & Investors
LaunchDarkly is valued at $3B as of August 2021.
Last LaunchDarkly valuation
$3B
Series D · Aug 2021
Last LaunchDarkly funding round
$200M
Series D · Aug 2021
Cumulative funding LaunchDarkly raised
$330M
across 6 funding rounds
Key investors in LaunchDarkly
Uncork Capital
Redpoint
Threshold
Bessemer Venture Partners
Vertex Ventures
Bloomberg Beta
About LaunchDarkly
Sunnyvale-based LaunchDarkly is a feature management platform using progressive delivery and feature flags. It enables teams to target releases to user segments across web, mobile, and server-side applications, supporting integrations with Kubernetes, AWS, and Azure for cloud migrations and A/B testing at enterprise scale.
Founded
2014
HQ
San Francisco, CAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$3B (Aug 2021)
LaunchDarkly Valuation
LaunchDarkly is currently valued at $3B, based on its Series D in August 2021.
The $200M round was led by Lead Edge Capital, with participation from Redpoint, Top Tier Capital Partners, Heavybit, Bloomberg Beta, Bessemer Venture Partners and 3 other investors.
LaunchDarkly's valuation has grown 33x from $90M at its Series B in December 2017 to $3B in August 2021, across 4 priced rounds.
LaunchDarkly valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Aug 2021 | Series D | $3B |
| Jan 2020 | Undisclosed stage | $800M |
| Mar 2019 | Series C | $288M |
| Dec 2017 | Series B | $90M |
LaunchDarkly Funding History
LaunchDarkly has raised a total of $330M across 6 funding rounds.
LaunchDarkly's first fundraising round was a $3M seed round in June 2015. The most recent completed round was a $200M Series D in August 2021.
LaunchDarkly funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Aug 2021 | Series D | Lead Edge Capital (lead); Redpoint; Top Tier Capital Partners; Heavybit; Bloomberg Beta; Bessemer Venture Partners; Uncork Capital; Insight Partners; Threshold | $200M | $3B | LaunchDarkly is a feature management platform for DevOps teams that enables software development teams to release new features gradually to user segments, standardizing safe releases at scale with tight control over feature management and access across the development and operations pipeline. The company raised $200 million in its Series D funding round in August 2021, led by Lead Edge Capital, with participation from new investors Top Tier Capital Partners and Insight Partners, as well as existing investors Bessemer Venture Partners, Redpoint, Threshold, Uncork Capital, and Bloomberg Beta. This round tripled the company's post-money valuation to $3 billion from its prior valuation in January 2020 when it raised $54 million, bringing total funding to over $330 million. At the time of the Series D, LaunchDarkly served more than 2,000 customers worldwide, including IBM, GoDaddy, SAP, and Square, and had been recognized on the Forbes Cloud 100 list, ranking 47th in 2021 after 100th in 2020. The funding was intended to scale the core feature platform, accelerate customer acquisition, expand globally, hire more engineers, and integrate with services like ServiceNow, Atlassian, Zendesk, and Salesforce. The company focuses on increasing release velocity, reducing outages, and serving over 20 trillion feature flags to 3 million servers worldwide. LaunchDarkly achieved Centaur status (over $100 million ARR) through product leadership, market evangelism, and developer happiness, as highlighted in Bessemer Venture Partners' analysis, with clients like Domino’s Pizza, Priceline, TrueCar, IBM, and Atlassian. The prior Series C in March 2019 raised $44 million led by Bessemer with Redpoint, Vertex Ventures, DFJ, and Uncork Capital. |
| Jan 2020 | Undisclosed stage | Bessemer Venture Partners (lead); Redpoint; Vertex Ventures; Bloomberg Beta; Uncork Capital; Threshold | $54M | $800M | LaunchDarkly is a leading feature management platform enabling software development teams to manage feature flags, conduct experiments, and gain data insights for faster, safer releases. The company raised $54 million in a Venture Round (sometimes referred to as Series Unknown) in January 2020, led by Bessemer Venture Partners with participation from investors including Bloomberg Beta, Redpoint, Threshold, Uncork Capital, and Vertex Ventures. This followed prior rounds: Seed ($2.6M, June 2015, Uncork), Series A ($8.7M, Dec 2016, Threshold), Series B ($21M, Dec 2017, Redpoint), and Series C ($44M, March 2019, Bessemer). sources note the subsequent $200M Series D in August 2021 (led by Lead Edge Capital, with Bessemer, Redpoint, Threshold, Uncork, Bloomberg Beta) tripled the valuation from 2020 levels to $3 billion post-money, bringing total funding over $330M. The 2020 round aimed to support scaling, innovation, and achieving unicorn status amid rapid growth. LaunchDarkly later reached $100M ARR by 2022, earning Centaur status (#34 on 2022 Cloud 100) through product leadership and market evangelism, serving clients like IBM, Atlassian, Domino’s, and Priceline. By 2023, it had 5K global customers, 25% Fortune 500 adoption, and integrations with tools like Slack and Microsoft Teams. LaunchDarkly competes in feature management and experimentation, positioning against players like Optimizely, with emphasis on developer tools, SDK support, and expansion from dev-centric firms to all software-driven businesses. |
| Mar 2019 | Series C | Bessemer Venture Partners (lead); Redpoint; Vertex Ventures; Vertex Ventures US; Uncork Capital; Threshold | $44M | $288M | LaunchDarkly is a feature management platform that enables software teams to deploy features safely and quickly by using feature flags, reducing risk in software releases. Founded in 2014 and based in Oakland, California, the company serves major customers including IBM, Microsoft, and Atlassian. In March 2019, LaunchDarkly raised a $44 million Series C round led by Bessemer Venture Partners, with participation from existing investors such as Redpoint, Threshold, Uncork Capital, and Vertex Ventures. The funding came at a time of rapid growth for LaunchDarkly, which had previously raised in seed ($2.6M in June 2015 led by Uncork), Series A ($8.7M in December 2016 led by Threshold), and Series B ($21M in December 2017 led by Redpoint), bringing total funding to around $76M before the Series C. The Series C proceeds were intended to further develop the platform, integrate with more services, enhance capabilities, and support a growing customer base. LaunchDarkly continued its momentum post-Series C with a $54M extension round in January 2020, again led by Bessemer from their Century Fund, pushing total funding to $130M. This followed strong traction, including serving over 1 trillion feature flags daily for more than 1,000 customers in 2019, a 500% increase from 2018. The company hosted its first Trajectory Conference in April 2019, featuring talks from leaders at Slack, Microsoft, Datadog, AWS, and IBM. Later rounds included a $200M Series D in August 2021 at $3B valuation led by Lead Edge Capital, with the same investor group participating, reflecting sustained growth in the feature management space amid rising demand for agile software deployment tools. |
| Dec 2017 | Series B | Redpoint (lead); Vertex Ventures; Vertex Ventures US; Uncork Capital | $21M | $90M | LaunchDarkly is a feature management platform that enables software teams to test, control, and manage features using feature flags, serving billions of flags daily to clients like GoPro and Macy's. Founded in July 2014 by Edith Harbaugh and John Kodumal in Oakland, CA, the company provides SDKs for web and mobile platforms, helping teams conduct dark launches, betas, and rapid iterations similar to practices at Facebook and Netflix. In December 2017, LaunchDarkly raised $21 million in its Series B funding round led by Redpoint, with participation from Vertex Ventures and existing investors including Uncork Capital. The funds were intended to accelerate growth in engineering, customer success, and category education around feature management. This followed a $8.7 million Series A in December 2016 led by Threshold and a $2.6 million seed in June 2015 led by Uncork Capital. At the time of the Series B announcement, LaunchDarkly reported serving over 10 billion feature flags daily, indicating strong early traction across industries like banking, insurance, shipping, ecommerce, and hardware. The platform supports cross-functional teams in developers building, marketing launching, product iterating, and sales selling with reduced risk in software releases. Later rounds included a $44 million Series C in March 2019 led by Bessemer Venture Partners, $54 million in January 2020, and a $200 million Series D in August 2021 at a $3 billion valuation, bringing total funding over $330 million. |
| Dec 2016 | Series A | Threshold (lead); Bloomberg Beta; Uncork Capital | $9M | - | LaunchDarkly raised $8.7 million in a funding round on December 20, 2016, led by DFJ with participation from Softech and Bloomberg Beta. The company provides a feature management platform that enables developers to soft-launch features and new code to small user sets, with the ability to quickly roll them back. This addresses a key pain point for developers, initially a luxury at larger companies. Since its prior $2.6 million raise in June 2016, LaunchDarkly expanded its audience to marketers and business teams seeking to activate features for specific users. CEO Edith Harbaugh, drawing from experiences at TripIt, highlighted the platform's value in user interfaces, dashboards, and controls for managing access at scale. The platform serves 4 billion features daily, distinguishing it from open-source alternatives like Facebook's basic feature flagging by handling complex access layers. |
| Jun 2015 | Seed | Uncork Capital (lead) | $3M | - | LaunchDarkly announced a $2.6 million Seed funding round in June 2015 led by Uncork Capital. The funding was intended to further develop the platform and expand the team. The company is a feature management platform that enables software development teams to release new features gradually and control feature access across the development and operations pipeline using feature flags. |
Who has invested in LaunchDarkly?
11 investors have backed LaunchDarkly across its funding rounds, including Uncork Capital, Redpoint, Threshold, Bessemer Venture Partners, Vertex Ventures and Bloomberg Beta.
Lead investors include Lead Edge Capital, Bessemer Venture Partners, Redpoint, Threshold and Uncork Capital.
LaunchDarkly Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| San Francisco, CA | 6 | Lead | Jun 2015 | |
| San Francisco, CA | 4 | Lead | Dec 2017 | |
| San Francisco, CA | 4 | Lead | Dec 2016 | |
 Singapore | 3 | Participant | Dec 2017 | |
| San Francisco, CA | 3 | Participant | Dec 2016 | |
| San Francisco, CA | 3 | Lead | Mar 2019 | |
| San Francisco, CA | 2 | Participant | Dec 2017 | |
| San Francisco, CA | 1 | Participant | Aug 2021 | |
| San Francisco, CA | 1 | Participant | Aug 2021 | |
This data is available for Pro users. Sign up to see all 11 LaunchDarkly investors. Start Free Trial | ||||
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Start Free TrialAcquisitions by LaunchDarkly
LaunchDarkly has acquired 2 companies to date.
Last acquisition by LaunchDarkly was on April 23rd 2025. LaunchDarkly acquired Highlight for undisclosed valuation.
Latest Acquisitions by LaunchDarkly
| Description | Highlight is a San Francisco-based observability platform that provides session replays and error monitoring for web and mobile applications. Developers access full user sessions, console logs, network requests, and performance traces to debug issues without log diving. The tool integrates with Sentry, Datadog, and Vercel, serving teams at Notion, Sonos, and Webflow. Founded in 2021, Highlight processes billions of events monthly across 10,000 active projects. | Houseware is a customer data platform serving B2B SaaS companies in San Francisco that unifies behavioral data from sources like Salesforce, HubSpot, and Intercom into actionable metrics. The platform builds reverse ETL pipelines to activate data in tools such as Marketo and Google Analytics, enabling teams to create workflows for retention, expansion, and churn prediction. Houseware processes petabytes of data daily for clients in fintech and e-commerce sectors across North America and Europe. |
| HQ Country | | |
| HQ City | San Francisco, CA | San Francisco, CA |
| Deal Date | 23 Apr 2025 | 14 Feb 2025 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all LaunchDarkly acquisitions and their M&A valuation multiples. Start Free Trial | ||
LaunchDarkly Competitors
LaunchDarkly competitors include listed companies like GitLab and JFrog, and private ones like Sentry, CircleCI, CloudBees and Port.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| San Francisco, CA | Private | $128M | - | $3B | - | |
| San Francisco, CA | Private | - | - | $1.7B | - | |
| San Jose, CA | Private | $150M | - | $1.1B | 7.7x | |
| United States | Publicly listed | $955M | ($82M) | $8.4B | 6.7x | |
 Tel Aviv | Private | - | - | $800M | - | |
| United States | Publicly listed | $532M | ($67M) | $12B | 17.4x |
LaunchDarkly Public Comps
LaunchDarkly is still privately-owned, but its public comps include Dameng Database, Justsystems, C3.ai, Progress Software, PagerDuty, Qt Group, Horizon Quantum, Hanwang Technology Co, Insyde Software and GitLab.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $195M | $84M | 15.3x | 12.5x | 35.5x | 27.6x | |||
| $331M | $156M | 3.1x | 3.2x | 6.7x | - | |||
| $250M | ($484M) | 4.3x | 4.5x | (2.2x) | (6.2x) | |||
| $978M | $302M | 3.0x | 2.9x | 9.6x | 7.3x | |||
| $493M | $17M | 2.2x | 2.2x | 64.6x | 7.7x | |||
| $249M | $62M | 4.3x | 3.9x | 17.3x | 16.0x | |||
| $269K | ($5M) | 2287.8x | - | (125.2x) | (33.0x) | |||
| $282M | ($14M) | 2.2x | - | (44.4x) | - | |||
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Common questions about LaunchDarkly
| When was LaunchDarkly founded? | LaunchDarkly was founded in 2014. |
| Where is LaunchDarkly headquartered? | LaunchDarkly is headquartered in San Francisco, CA, United States. |
| Is LaunchDarkly publicly listed? | No, LaunchDarkly is a private, VC-backed company. |
| What is LaunchDarkly's valuation? | LaunchDarkly was last valued at $3B in its Series D in August 2021. |
| How much funding has LaunchDarkly raised? | LaunchDarkly has raised $330M across 6 funding rounds. |
| What was LaunchDarkly's last funding round? | LaunchDarkly's last funding round was a $200M Series D in August 2021, led by Lead Edge Capital. |
| Who are LaunchDarkly's investors? | LaunchDarkly's investors include Uncork Capital, Redpoint, Threshold, Vertex Ventures, Bloomberg Beta, Bessemer Venture Partners, Vertex Ventures US, Top Tier Capital Partners, Heavybit, Lead Edge Capital and 1 other. |
| Which companies are comparable to LaunchDarkly? | Companies comparable to LaunchDarkly include Sentry, CircleCI, CloudBees, GitLab, Port and JFrog. |
| How many companies has LaunchDarkly acquired? | LaunchDarkly has acquired 2 companies, including Highlight and Houseware. |
See companies similar to LaunchDarkly
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