How Much Did dbt Labs Raise? Headquarters, Funding & Key Investors

dbt Labs has raised a total of $416 million across five funding rounds, including a $222 million Series D in February 2022 led by Altimeter Capital and joined by GIC, Sequoia Capital, and Andreessen Horowitz, valuing the company at $4.2 billion. Previously, dbt Labs secured $150 million Series C in June 2021 and $29.5 million Series B in November 2020 from Sequoia and a16z. Its Series A in April 2020 brought in $12.9 million, and a $1.5 million seed round in 2019 laid the foundation for its data transformation tool that now powers modern analytics teams globally.

How Much Did dbt Labs Raise? Funding & Key Investors

dbt Labs is a Philadelphia-based data transformation and analytics engineering company redefining how modern teams manage data. Founded in 2016 by Tristan Handy, the company created dbt (data build tool). This open-source and cloud-based platform enables analysts and engineers to transform, test, and document data directly in their warehouses using SQL. Integrated with major platforms like Snowflake and Databricks, dbt Labs enables organizations to streamline analytics workflows, enhance data reliability, and build scalable, governed data infrastructures that support smarter decision-making across various industries.

What Is dbt Labs and What Does It Do?

dbt Labs, founded in 2016 by Tristan Handy, is a Philadelphia-based (United States) data transformation and analytics engineering company.

With a team of 51-200 employees (as of July 2024), the company develops dbt (data build tool) a command-line and cloud platform enabling data analysts and engineers to transform raw data in their warehouses using SQL-based workflows.

dbt Labs empowers organizations to own their entire analytics workflow from writing data transformation code to testing, deployment, and documentation. Its open-source foundation and integration with leading cloud data platforms like Snowflake and Databricks have made it a cornerstone of modern data stack infrastructure.

How Much Funding Has dbt Labs Raised?

1. Seed Round

Amount Raised: $1.5 M
Date: November 2019
Motivation: To build the initial version of dbt and grow the open-source community.

2. Series A

Amount Raised: $12.9 M
Date: April 2020
Lead Investors: Andreessen Horowitz
Motivation: To expand engineering and product teams and enhance core features.

3. Series B

Amount Raised: $29.5 M
Date: November 2020
Lead Investors: Sequoia Capital, Andreessen Horowitz, Amplify Partners
Motivation: To scale enterprise adoption and strengthen dbt Cloud offerings.

4. Series C

Amount Raised: $150 M
Date: June 2021
Lead Investors: Altimeter Capital, Sequoia Capital, Andreessen Horowitz, Amplify Partners
Motivation: To accelerate growth and expand cloud integrations with major data warehouses.

5. Series D

Amount Raised: $222 M
Date: February 2022
Lead Investors: Altimeter Capital, GIC, Andreessen Horowitz, Sequoia Capital, Tiger Global Management, Iconiq Capital, Salesforce Ventures, Google Ventures, Coatue, Amplify Partners
Motivation: To broaden global reach and advance data governance and collaboration capabilities across the dbt ecosystem.

Total Funding Raised: $416 Million

Current Valuation: $4.2 Billion (as of Feb 2022)

Latest Funding Date: February 2022

Key Investors

1. GIC

Details: Singapore’s sovereign wealth fund backing late-stage tech and data companies.
Investment Focus Areas: Cloud infrastructure, analytics, AI platforms.
Notable Investments: dbt Labs, Databricks, Stripe, Nvidia.

2. Sequoia Capital

Details: Leading global VC firm known for investing in category-defining tech startups.
Investment Focus Areas: SaaS, cloud infrastructure, data engineering.
Notable Investments: Snowflake, GitHub, Databricks, dbt Labs.

3. Andreessen Horowitz

Details: Prominent Silicon Valley VC fund backing disruptive software and AI companies.
Investment Focus Areas: Enterprise software, developer tools, AI and data platforms.
Notable Investments: Coinbase, Databricks, OpenAI, dbt Labs.

4. Altimeter Capital

Details: Growth investment firm supporting high-growth technology companies.
Investment Focus Areas: Software, data infrastructure, fintech.
Notable Investments: Snowflake, UiPath, dbt Labs.

5. Tiger Global Management

Details: Global investment firm with broad exposure across internet and software sectors.
Investment Focus Areas: Enterprise software, data analytics, AI.
Notable Investments: Stripe, Databricks, dbt Labs.

Where Is dbt Labs’s Headquarters?

dbt Labs is headquartered in Philadelphia, United States, a city that serves as a growing hub for data and analytics innovation. Its East Coast presence provides access to a diverse talent pool, top universities, and data-driven enterprises, allowing the company to collaborate closely with finance and healthcare analytics leaders based in the region.

What’s Next for dbt Labs?

dbt Labs aims to deepen its footprint in the modern data stack by enhancing the integration between dbt Cloud and data warehouses such as Snowflake and Databricks. The company continues to invest in governance, lineage visualization, and collaborative features for data teams across enterprises. Future objectives include expanding into global markets, strengthening open-source community contributions, and refining analytics engineering best practices to cement dbt Labs as a core pillar of enterprise data operations.

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