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- Sanity
Sanity Funding, Investors & Competitors
Sanity has raised $136M across 4 funding rounds, most recently a $85M Series C in May 2025.
Last Sanity funding round
$85M
Series C · May 2025
Cumulative funding Sanity raised
$136M
across 4 funding rounds
Key investors in Sanity
Heavybit
Threshold
Alliance VC
Monochrome Capital
ICONIQ Capital
Lead Edge Capital
Christian Bach
Mathias Biilmann Christensen
About Sanity
Sanity is a San Francisco-headquartered content management platform enabling structured data handling for digital publishing. Developers use its APIs and Studio tool to manage real-time content across websites, apps and e-commerce sites, powering experiences for brands like Figma, Nike and Perplexity. Originating from Norway in 2015 with ongoing offices in Oslo, London and Melbourne, Sanity processes billions of content operations monthly, supporting GROQ-powered queries for sub-second delivery in headless architectures.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Sanity Funding History
Sanity has raised a total of $136M across 4 funding rounds.
Sanity's first fundraising round was a $2M seed round in September 2019. The most recent completed round was a $85M Series C in May 2025.
Sanity funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| May 2025 | Series C | Bullhound Capital (lead); ICONIQ Capital; Heavybit; Lead Edge Capital; Monochrome Capital; Threshold; Shopify Ventures; Blue Cloud Ventures | $85M | Sanity is a content operating system (COS) founded in 2018 by Magnus Hillestad, Øyvind, Simen, and Even, with headquarters in San Francisco and Oslo. The platform treats content as reusable data, enabling developers, marketing teams, and product owners to manage, optimize, and scale content workflows across web, mobile, ecommerce, media, and enterprise applications. Sanity serves prominent customers including Skims, Puma, RBI, Complex, AT&T, Nordstrom, Expedia, Elastic, Burger King, Riot Games, and Morning Brew, with its platform underpinning content systems across ecommerce, media, SaaS, and enterprise verticals. In May 2025, Sanity closed a Series C funding round of $85 million led by Bullhound Capital, with participation from Heavybit, Threshold, ICONIQ Growth, Shopify Ventures, Blue Cloud Ventures, Lead Edge Capital, and Monochrome Ventures. The company had exceeded $40 million in annual recurring revenue during 2024 and supported over 30,000 organizations globally. According to founder Magnus Hillestad, the company did not need to raise capital but proceeded with the Series C based on strong business performance and momentum around the launch of its Content Operating System platform. Proceeds were allocated toward accelerating global expansion, developing AI-powered features including agentic automation, supporting developer ecosystems, and growing the community through initiatives including a transition from Slack to Discord and an inaugural developer conference. |
| Jun 2021 | Series B | ICONIQ Capital (lead); Heavybit; Lead Edge Capital; Monochrome Capital; Spearhead; Alliance VC; Threshold | $39M | Sanity is a dual-headquartered (San Francisco and Oslo, Norway) platform for structured content that enables developers, marketers, and brands to treat content as data for building exceptional digital experiences across channels. Customers include National Geographic, Puma, InVision, Datastax, Brex, Unilever, Sonos, Figma, and Netlify. Founded in 2017-2018, it powers content management for nearly 100,000 users by June 2021, up 4X from fall 2020. Nearly 100,000 developers, marketers, content creators, and product professionals used the platform to launch digital initiatives. On June 24, 2021, Sanity raised $39 million in a Series B round led by ICONIQ Growth, with participation from Lead Edge Capital, Threshold Ventures (formerly Threshold), Heavybit, Alliance Venture, and Monochrome Capital. This followed a $9.3 million Series A in October 2020, bringing total funding to $51.8 million. ICONIQ Growth's Doug Pepper joined the board. The company reported tripling its customer base, doubling its team, and strong growth in the past year leading to the round. Sanity positions itself as a flexible, developer-focused alternative to traditional CMS, emphasizing a 'use-anywhere' approach to content repositories. The funding aimed to scale operations amid rising demand for data-driven content solutions in a digital globalization era. Later rounds include a Series C of $85 million in May 2025 led by Bullhound Capital. |
| Oct 2020 | Series A | Threshold (lead); Heavybit; Monochrome Capital; Guillermo Rauch; Edvard Engesæth; Christian Bach; Alliance VC; Mathias Biilmann Christensen; Evan Williams; Adam Gross; Stephanie Schatz | $9M | Sanity, a developer-focused content platform founded in 2017 with teams in Oslo, Norway and San Francisco, USA, raised $9.3 million in a Series A funding round on October 14, 2020. The round was led by Threshold Ventures, with participation from Monochrome Capital, Heavybit, Alliance Venture, and angel investors including Evan Williams, Adam Gross, Guillermo Rauch, Stephanie Schatz, Christian Bach, Edvard Engesæth, and Mathias Biilmann Christensen. Josh Stein from Threshold Ventures and Jesse Robbins from Heavybit joined Sanity's board of directors. The funding brought Sanity's total capital raised to $12.8 million, following prior rounds of $1.2 million in 2018 and $2.4 million in 2019. At the time, Sanity served a community of more than 25,000 developers, including Fortune 500 companies such as Sonos, Conde Nast, National Geographic Society, Brex, Figma, Cloudflare, Mux, Remarkable, Nike, and others. The platform enables building and managing structured content with features like real-time previews, review changes, and workflows, positioning it as a flexible alternative to traditional CMS for diverse industries. Proceeds from the round were intended to expand the content platform, grow the developer community, and scale the team to support increasing customer demand. |
| Sep 2019 | Seed | Alliance VC (lead); Heavybit (lead); Three Bridges Venture Partners; Jon Dahl; Edvard Engesæth; Christian Bach; Mathias Biilmann Christensen; Ohad Eder-Pressman | $2M | - |
Who has invested in Sanity?
20 investors have backed Sanity across its funding rounds, including Heavybit, Threshold, Alliance VC, Monochrome Capital, ICONIQ Capital and Lead Edge Capital.
Lead investors include Bullhound Capital, ICONIQ Capital, Threshold, Alliance VC and Heavybit.
Sanity Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 4 | Lead | Sep 2019 | ||
| 3 | Participant | Oct 2020 | ||
| 3 | Lead | Sep 2019 | ||
| 3 | Lead | Oct 2020 | ||
| 2 | Lead | Jun 2021 | ||
| 2 | Participant | Jun 2021 | ||
| 2 | Participant | Sep 2019 | ||
| 2 | Participant | Sep 2019 | ||
| 2 | Participant | Sep 2019 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Participant | Jun 2021 | ||
| 1 | Participant | Sep 2019 | ||
| 1 | Participant | Oct 2020 | ||
This data is available for Pro users. Sign up to see all 20 Sanity investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialSanity Competitors
Sanity competitors include listed companies like Wix.com and AudioEye, and private ones like Automattic, Contentstack, Rokt and Bloomreach.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $45M | - | $7.5B | - | ||
| Publicly listed | $2B | ($13M) | $3.3B | 2.0x | ||
| Private | - | - | $574M | - | ||
| Publicly listed | $40M | $2M | $94M | 2.4x | ||
| Private | $600M | - | $3.5B | 5.8x | ||
| Private | $150M | - | $2.2B | 14.7x |
Sanity Public Comps
Sanity is still privately-owned, but its public comps include Shopify, Adobe, Docusign, GoDaddy, Open Text, Wix.com, Xinhua Winshare, GigaCloud Technology, Justsystems and Ireader.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $12B | $1.2B | 13.9x | 11.3x | 132.9x | 61.9x | |||
| $24B | $9.3B | 4.3x | 3.9x | 10.9x | 8.2x | |||
| $3.2B | $415M | 3.9x | 3.7x | 30.4x | 10.6x | |||
| $5B | $1.3B | 3.1x | 2.9x | 11.7x | 8.9x | |||
| $5.2B | $1.8B | 2.1x | 2.1x | 6.1x | 5.8x | |||
| $2B | ($13M) | 2.2x | 2.0x | (352.9x) | 14.4x | |||
| $1.7B | $248M | 0.4x | 0.4x | 2.9x | 3.4x | |||
| $1.3B | $158M | 1.6x | 1.4x | 12.8x | 10.6x | |||
This data is available for Pro users. Sign up to see all Sanity competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Sanity
| When was Sanity founded? | Sanity was founded in 2018. |
| Where is Sanity headquartered? | Sanity is headquartered in San Francisco, CA, United States. |
| Is Sanity publicly listed? | No, Sanity is a private, VC-backed company. |
| How much funding has Sanity raised? | Sanity has raised $136M across 4 funding rounds. |
| What was Sanity's last funding round? | Sanity's last funding round was a $85M Series C in May 2025, led by Bullhound Capital. |
| Who are Sanity's investors? | Sanity's investors include Heavybit, Monochrome Capital, Alliance VC, Threshold, ICONIQ Capital, Lead Edge Capital, Edvard Engesæth, Christian Bach, Mathias Biilmann Christensen, Three Bridges Venture Partners and 10 others. |
| Which companies are comparable to Sanity? | Companies comparable to Sanity include Automattic, Wix.com, Contentstack, AudioEye, Rokt and Bloomreach. |
See companies similar to Sanity
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