Neo4j Revenue, Valuation, Funding & Investors

Neo4j is valued at $2B as of November 2024, a 10.0x multiple on its last reported $200M revenue.

See full Neo4j profile

Last Neo4j valuation

$2B

Undisclosed stage · Nov 2024

Last Neo4j funding round

$50M

Undisclosed stage · Nov 2024

Neo4j revenue

$200M

Undisclosed stage · Nov 2024

Key investors in Neo4j

  • One Peak
  • Creandum
  • Greenbridge Partners
  • Eight Roads Ventures
  • Heartcore Capital
  • Lightrock

Neo4j Overview

About Neo4j

Neo4j is a US/Sweden-headquartered graph database leader powering analytics on connected data for fraud detection, customer 360 views, knowledge graphs, supply chain optimization, personalization, IoT, and network management. The platform includes native graph storage, vector search, data science tools, visualization, and enterprise security with ACID compliance. Neo4j serves Fortune 500 firms, government agencies, and NGOs worldwide from offices in Malmö, London, and Berlin.


Founded

2007

HQ

SwedenMalmo

Website

neo4j.com

Status

Privately held

Customer focus

B2B & B2G

Revenue model

Subscription

Revenue

$200M (Nov 2024)

Valuation

$2B (Nov 2024)

Neo4j Valuation

Neo4j is currently valued at $2B, based on its undisclosed-stage round in November 2024.

The $50M round was led by Noteus Partners.

Neo4j's valuation has moved from $2B at its Series F in June 2021 to $2B in November 2024, across 3 priced rounds.

Neo4j valuation by funding round

Revenue multiple
Neo4j valuation by funding round
DateStageValuationRevenue Multiple
Nov 2024Undisclosed stage$2B10.0x
Nov 2021Series F$2B20.0x
Jun 2021Series F$2B10.0x

Neo4j Revenue

Neo4j's latest recorded revenue is $200M, as of its undisclosed-stage round in November 2024. At a $2B valuation, that implies a 10.0x revenue multiple.

Revenue moved from $200M in June 2021 to $200M in November 2024, while the revenue multiple moved from 10.0x to 10.0x.

Neo4j revenue by funding round

Neo4j revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Nov 2024$200M$2B10.0xUndisclosed stage
Nov 2021$100M$2B20.0xSeries F
Jun 2021$200M$2B10.0xSeries F

* 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.

Neo4j Funding History

Neo4j has raised a total of $607M across 7 funding rounds, plus 1 secondary share sale.

Neo4j's first fundraising round was a $20M Series C in January 2015. The most recent completed round was a $50M undisclosed-stage round in November 2024.

Neo4j funding rounds

Neo4j funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2024Undisclosed stageNoteus Partners (lead)$50M$2BNeo4j, a graph database pioneer founded in Malmö and based in San Francisco, raised €47 million ($50 million) from Noteus Partners on November 19-21, 2024, boosting its valuation to over $2 billion (with one source specifying $2.2 billion). The funding strengthens its balance sheet amid macroeconomic conditions, despite being well-capitalized, and supports preparations for a potential US IPO, as confirmed by CEO Emil Eifrem. Neo4j leads in graph technology essential for fraud detection, recommendation engines, network optimization, and GenAI applications. At the time of the round, Neo4j reported surpassing $200 million in annual recurring revenue, doubled from three years prior, with expectations to achieve cash flow positivity in 2024 or coming quarters. The company holds 44% market share in graph databases, serves 84% of Fortune 100 companies including IBM and Walmart, and employs 800 people across 1,700 customers. Recent innovations include native vector search integration, graph data science on Snowflake AI Data Cloud, expanded Deloitte alliance, and native LLM integrations with major hyperscalers. Neo4j was named a Visionary in the 2023 Gartner Magic Quadrant for Cloud Database Management Systems and a Strong Performer in The Forrester Wave: Vector Databases Q3 2024. Plans for 2025 focus on new GenAI features, cloud expansion, and deeper partnerships to solidify its role as the default graph analytics and GraphRAG layer. Total funding to date reaches around $550 million, underscoring sustained investor confidence in its growth trajectory.
Nov 2021Series FAlanda Capital Management (lead); Inovia Capital (lead); One Peak$66M$2BNeo4j is a graph database platform company founded in 2007 in Sweden and headquartered in San Mateo, California. The company develops a SaaS graph platform used by enterprises to analyze complex data relationships and patterns, with customers including Adobe, AstraZeneca, eBay, Levi Strauss & Co., UBS, Comcast, and Volvo Cars. Neo4j offers both an open-source free edition and enterprise solutions, and is the world's most widely deployed graph database. In June 2021, Neo4j raised a $325 million Series F round led by Eurazeo, valuing the company at $2 billion and making it a unicorn. This was the largest funding round ever raised by a private database company at that time. In October 2021, the company closed a $66 million extension to Series F led by Inovia Capital, with participation from Alanda Capital Management and One Peak Partners. The extension maintained the company's valuation at approximately $2 billion. Patrick Pichette, a partner at Inovia Capital, joined Neo4j's board of directors in connection with this investment. By the end of 2021, Neo4j had crossed $100 million in annual recurring revenue (ARR). The company had raised over $500 million in total funding to date and claimed close to 1,000 enterprise customers globally. CEO Emil Eifrem articulated an ambitious vision to become the biggest database company in the world by 2030, larger than Oracle, with the support of experienced board members like Pichette.
Jun 2021Series FEurazeo (lead); Climb Ventures; Creandum; GV; One Peak; Greenbridge Partners; DTCP; Lightrock$325M$2BNeo4j is the leading graph database and analytics company, pioneering technology for handling complex interconnected data relationships, positioning it as essential infrastructure for AI applications including GenAI and GraphRAG. Founded in 2007 and headquartered in San Mateo, CA, Neo4j competes with graph offerings from Amazon Neptune, Microsoft Azure Cosmos DB, Oracle, IBM, and SAP, but leads in the fastest-growing database category with strong enterprise adoption via its AuraDB cloud service and partnerships with major hyperscalers. On June 17, 2021, Neo4j raised $325 million in its Series F round led by Eurazeo, with participation from Creandum, DTCP, Greenbridge Partners, GV, Lightrock, One Peak, and others, bringing total funding to over $581 million across 10 rounds by that point. The post-money valuation reached $2.34 billion, reflecting robust growth in the graph database market projected to expand significantly. By 2024, Neo4j surpassed $200 million ARR, doubling over three years, with fivefold cloud growth and cash flow positivity on track, underscoring its market leadership as a Visionary in Gartner's 2023 Cloud DBMS Magic Quadrant and Strong Performer in Forrester's 2024 Vector Databases Wave. Post-round developments include a quiet investment period until a $50 million raise in 2024 and IPO explorations reported in early 2024 by Greenbridge, its largest investor. Neo4j continues expanding GenAI features, cloud capabilities, and partnerships, targeting the $15.8 billion graph market by 2030 while benefiting from broader NoSQL and database software tailwinds.
Jun 2021SecondaryDTCP (lead); Greenbridge Partners (lead); Lightrock (lead); One Peak (lead); Sorenson Capital$174M-Neo4j is a graph database company. On June 17, 2021, it announced a $325 million Series F funding round led by a $100 million investment from Eurazeo, with participation from new investors GV, DTCP, and Lightrock, as well as existing investors Creandum, Greenbridge Partners, and One Peak. Eurazeo Managing Director Nathalie Kornhoff-Brüls joined the Neo4j board. The round aims to support marketing, sales, and education efforts to promote graph databases as foundational for enterprise machine learning and relationship-driven data environments.
Nov 2020Undisclosed stageOne Peak (lead)$30M-Neo4j is a graph database company founded in 2007, specializing in graph technology for data science, machine learning, cloud deployment, and real-time performance applications like fraud detection, cybersecurity, and recommendations. The company has raised over $500 million in total funding across multiple rounds, with One Peak as an existing investor since 2018. The queried round matches a $30 million Series E tranche on September 18, 2020, led or participated by One Peak. Neo4j's funding history includes earlier Series D in 2016 ($36M), multiple Series E tranches in 2018 ($60.08M), 2019 ($10M), and 2020 ($30M), followed by larger Series F rounds in 2021 totaling around $325M plus additional tranches, led by Eurazeo and GV with participation from One Peak, Creandum, Greenbridge Partners, DTCP, and Lightrock. The 2021 Series F explicitly raised valuation to over $2 billion, described as the largest investment in a private database company, funding product innovation, market expansion, and ecosystem growth. Neo4j holds market leadership, recognized as a Leader in The Forrester Wave™: Graph Data Platforms, Q4 2020, with top scores in current offering and strategy. It competes in the database space addressing relationship-based data challenges for machine learning against incumbents like data warehouses, positioning graph databases as foundational for future analytics. The company had over 500 employees by 2021 and saw sales growth.
Nov 2018Series EMorgan Stanley Expansion Capital (lead); One Peak (lead); Creandum; Greenbridge Partners; Eight Roads Ventures$80M-Neo4j is a Swedish-American open-source-powered graph database company founded in 2007, specializing in technology for handling complex, interconnected data used in AI, machine learning, analytics, and other data-intensive applications. The company's graph database enables high-value contracts starting at low six-figures and has gained traction in sectors driving technology demand. Neo4j's technology positions it competitively against graph database offerings from giants like Amazon (Neptune), Microsoft (Azure Cosmos DB), Oracle, IBM, and SAP. In its Series E round on approximately January 11, 2018, Neo4j raised $80 million led by One Peak Partners and Morgan Stanley Expansion Capital, with participation from existing investors including Eight Roads, Greenbridge, and Creandum, bringing total funding at the time to $160 million. This followed a $36 million Series D two years prior from Eight Roads, Creandum, Greenbridge, and Sunstone Capital, suggesting capital efficiency as the company extended its runway beyond the typical 18-month venture pace. The firm has since scaled significantly, reaching over $200 million ARR by November 2024, doubling in three years amid GenAI demand, with a $2B+ valuation noted in recent contexts and total funding exceeding $368 million by 2021 Series F involving One Peak, Creandum, and Greenbridge Partners. Graph databases have been the fastest-growing category over the last decade, with Neo4j as a pioneer alongside peers like MongoDB, Redis, Couchbase, and Datastax crossing $100 million ARR. Recent developments include native vector search integration, expansions like graph data science on Snowflake, partnerships with Deloitte and cloud hyperscalers, and a $50 million raise from Noteus Partners in 2024 to fuel AI capabilities and cloud growth, positioning Neo4j as a leader in GraphRAG and enterprise graph analytics.
Nov 2016Series DHeartcore Capital; Creandum; Greenbridge Partners; Eight Roads Ventures$36M-Neo4j, known then as Neo Technology and creators of the leading graph database Neo4j, raised $36 million in a Series D funding round on November 10, 2016, led by Greenbridge Investment Partners with participation from existing investors including Creandum, Eight Roads Ventures, and Sunstone Capital. The funds were allocated to research and development of the Neo4j product, expansion into the enterprise sector via sales and marketing investments, and building partnerships within the graph technology ecosystem. Neo4j, an open-source ACID-compliant graph database using the Cypher query language, had achieved 2.5 million downloads by 2016 and served global enterprises such as Walmart, UBS, Cisco, HP, adidas Group, and Lufthansa, as well as startups like Medium and Qualia. The round validated the growing enterprise adoption of graph databases for real-time data analysis, positioning Neo4j as the standard in the space amid increasing market heat. Headquartered in San Mateo, California, with offices in Sweden, Germany, and the UK, Neo Technology was backed by investors including Conor Venture Partners, Dawn Capital, and the new participant Greenbridge. Subsequent developments included an $80 million Series E in 2018 from One Peak Partners and Morgan Stanley Expansion Capital, with participation from Creandum, Eight Roads, and Greenbridge, bringing total funding to $160 million and signaling potential IPO preparations amid 200 enterprise customers like 20 of the top 25 banks.
Jan 2015Series CCreandum (lead); Heartcore Capital; Eight Roads Ventures; Dawn Capital; Conor Venture Partners$20M-Neo4j is the creator of Neo4j, the leading graph database for handling complex data relationships in applications like fraud detection, recommendations, and network analysis. In January 2015, Neo Technology (Neo4j's former name) closed a $20 million Series C funding round led by Creandum, with participation from Conor Venture Partners, Dawn Capital, Eight Roads Ventures, and Heartcore Capital. This 2015 round followed earlier funding of $10.6 million in 2011 and $11 million in 2012, building Neo4j's position in the graph database market. The company continued raising capital afterward, including $36 million in 2016 and $80 million in 2018, culminating in a $325 million Series F in June 2021 led by Eurazeo and GV, valuing Neo4j at over $2 billion with investors like One Peak Partners, Creandum, Greenbridge Partners, DTCP, and Lightrock. The graph database space remains competitive, with Neo4j recognized as a leader, scoring highest in Forrester's Q4 2020 Wave for graph data platforms. Funds from later rounds supported scaling for trillion-scale graphs, cloud deployments like AuraDB, and real-time analytics across industries.

Who has invested in Neo4j?

17 investors have backed Neo4j across its funding rounds, including One Peak, Creandum, Greenbridge Partners, Eight Roads Ventures, Heartcore Capital and Lightrock.

Lead investors include Noteus Partners, Alanda Capital Management, Inovia Capital, Eurazeo, DTCP and 5 other investors.


Neo4j Investors

Investors in Neo4j by funding rounds participated
InvestorHQRoundsRoleFirst check
One PeakUnited KingdomLondon5LeadNov 2018
CreandumSwedenStockholm4LeadJan 2015
Greenbridge PartnersUnited StatesGreenwich, CT4LeadNov 2016
Eight Roads VenturesUnited KingdomLondon3ParticipantJan 2015
Heartcore CapitalDenmarkCopenhagen2ParticipantJan 2015
DTCPGermanyHamburg2LeadJun 2021
LightrockUnited KingdomLondon2LeadJun 2021
Climb VenturesSwitzerlandGeneva1ParticipantJun 2021
Alanda Capital ManagementUnited KingdomLondon1LeadNov 2021
Morgan Stanley Expansion CapitalUnited StatesNew York City, NY1LeadNov 2018
GVUnited StatesSan Francisco, CA1ParticipantJun 2021
Sorenson CapitalUnited StatesSalt Lake City, UT1ParticipantJun 2021
Inovia CapitalCanadaMontreal1LeadNov 2021

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Acquisitions by Neo4j

Neo4j has acquired 2 companies to date.

Last acquisition by Neo4j was on June 1st 2026. Neo4j acquired GraphAware for undisclosed valuation.


Latest Acquisitions by Neo4j

GraphAware
Distributed Technology Associates
Description
GraphAware is a software company. GraphAware was founded in 2013 in the United Kingdom and operates offices in the UK, Australia, Czech Republic, and Italy. GraphAware supplies graph data solutions and the Hume platform for business users.
Distributed Technology Associates is a data management firm addressing security, analysis, and the full information lifecycle for enterprises. Its services extend beyond databases to handle evolving data needs across industries. The experienced team optimizes current data utilization and prepares for future technological shifts.
HQ CountryUnited KingdomUnited States
HQ City
London
Boston, MA
Deal Date1 Jun 202614 Mar 2023
Valuationundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Neo4j Competitors

Neo4j competitors include listed companies like Business-intelligence and Teradata, and private ones like Devo, Alation, Monte Carlo and Firebolt.

Public and private companies comparable to Neo4j
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
DevoUnited StatesUnited StatesPrivate--$2B-
Business-intelligenceChinaChinaPublicly listed$389M$54M$2B5.9x
AlationUnited StatesSan Francisco, CAPrivate$100M-$1.7B17.0x
Monte CarloUnited StatesSan Francisco, CAPrivate--$1.6B-
TeradataUnited StatesUnited StatesPublicly listed$1.7B$285M$2.7B1.5x
FireboltIsraelTel AvivPrivate--$1.4B-

Neo4j Public Comps

Neo4j is still privately-owned, but its public comps include Business-intelligence, Innodata, DoubleVerify, Planisware, Karooooo, Transwarp, Amplitude, TRS Information Technology, Shanghai DZH and Teradata.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Business-intelligence$389M$54M6.6x5.9x47.7x-
Innodata$252M$47M6.8x5.2x36.6x22.7x
DoubleVerify$748M$136M2.7x2.5x14.6x7.4x
Planisware$228M$78M7.3x6.7x21.5x18.4x
Karooooo$337M$148M6.3x5.7x14.3x13.8x
Transwarp$67M($31M)27.5x28.0x(59.8x)-
Amplitude$343M($76M)4.6x4.1x(21.1x)98.8x
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x

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Common questions about Neo4j

When was Neo4j founded?Neo4j was founded in 2007.
Where is Neo4j headquartered?Neo4j is headquartered in Malmo, Sweden.
Is Neo4j publicly listed?No, Neo4j is a private, VC-backed company.
What is Neo4j's valuation?Neo4j was last valued at $2B in its undisclosed-stage round in November 2024.
How much funding has Neo4j raised?Neo4j has raised $607M across 7 funding rounds.
What was Neo4j's last funding round?Neo4j's last funding round was a $50M undisclosed-stage round in November 2024, led by Noteus Partners.
Who are Neo4j's investors?Neo4j's investors include One Peak, Creandum, Greenbridge Partners, Eight Roads Ventures, Heartcore Capital, DTCP, Lightrock, Climb Ventures, Alanda Capital Management, Morgan Stanley Expansion Capital and 7 others.
What is Neo4j's revenue?Neo4j's latest recorded revenue is $200M (November 2024).
What is Neo4j's revenue multiple?Neo4j's latest valuation implies a 10.0x revenue multiple ($2B valuation on $200M of revenue).
Which companies are comparable to Neo4j?Companies comparable to Neo4j include Devo, Business-intelligence, Alation, Monte Carlo, Teradata and Firebolt.
How many companies has Neo4j acquired?Neo4j has acquired 2 companies, including GraphAware and Distributed Technology Associates.

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