Analytics 'unicorn' Domo is raising at least $100 million
Domo, a Utah-based data management and analytics company, has raised more than $100 million in a new funding round that could total up to $200 million, according to an SEC filing. The company confirmed to Axios the new funding, an extension of its Series D2 round, and a post-money valuation of $2.3 billion.
Existing investor BlackRock, along with family offices across Europe and Asia, provided the new funds, according to Domo. The company's other existing backers include Benchmark, GGV Capital, IVP, and Greylock Partners. Domo competes with companies like Looker, Birst, and Alteryx, among others.
Stealth life: Though founded in 2010, Domo was famously quiet about its business until 2015, when it unveiled what it had been up to and announced a fresh $200 million round at a $2 billion valuation at the time.
The story has been updated with a confirmation from Domo and additional details about the round.