New Relic's Billion Dollar Valuation

VC Experts

New Relic, a software analytic provider, joined the billion dollar valuation club with their most recent Series F round. The $100M round was led by BlackRock and Passport Capital with participation from existing investors. The company introduced New Relic Insights last month, which is a real-time analytics platform that provides insights into customers, applications and their business. New Relic is a company to watch as they use the new financing for further product development and to expand the company's international presence.

New Relic, Inc.
The company provides a SaaS-based solution with an interface for web and native mobile applications that consolidates the performance monitoring data for any chosen technology in your environment. 
• Address: 188 Spear Street, Suite 1200, San Francisco, CA, 94105
• Geographic Region: Silicon Valley
• Industry: Software
• SIC Codes: 7372 - Prepackaged Software (reproduction of software)
• NAICS Codes: 511210 - Software Publishers
• Legal Counsel: Cooley LLP
• Company Website:
Key Management
• Sachleben, Mark - CFO
• Fenton, Peter - Chairman of the Board
• Moran, Patrick - Chief Marketing Officer
• Koplow-McAdams, Hilarie - Chief Revenue Officer
• Friar, Sarah - Director
• Currie, Peter - Director
• Scholnick, Dan - Director
• Cirne, Lewis - Founder, CEO, Director
• Cook, Chris - President, COO
• Gochee, Jim - SVP, Product
• Lapcevic, Bill - VP, Business Development
• Reno, Dennis - VP, Customer Success
• Freeman-Benson, Bjorn - VP, Engineering
• Schulman, Robin - VP, General Counsel
• McElfresh, Steve - VP, People Operations
• Lightbody, Patrick - VP, Product Management
• Cooley, Matt - VP, Sales

• Passport Capital LLC
• T. Rowe Price Threshold Partnerships
• Wellington Management
• Benchmark Capital
• BlackRock Private Equity Partners
• Allen & Company Inc
• Four Rivers Group
• Duff Ackerman & Goodrich LLC
• Tenaya Capital, Inc.
• Trinity Ventures
• Insight Venture Partners LLC

Most Recent Financing Round

Date Amount ($M) Valuation Est. Fully Diluted Shares Preferred Price Per Share
04/28/2014 $100.00 $1,389,594,530 48,026,354 $28.93
Round: Series F
Direction: Up Round

Liquidation Preference: Pari Passu
Liquidation Multiple: 0-1x
Stock Type: Conventional Convertible
Anti-Dilution: Weighted Average
Redemption: No
Cumulative Dividends: No
Dividend Rate: 8%
Pay to Play: No

Price Per Share With Valuation

VC, Inc. Disclaimer: The information contained herein is from sources deemed reliable; it does not, however, purport to constitute investment advice nor does VC Experts represent that it contains all information concerning the identified Company deemed necessary or appropriate for investment decisions. VC Experts is neither a broker/dealer nor investment adviser and has no financial interest in the Company analyzed nor in the sale or purchase of any of its securities. The information and data are for reference purposes only and no implied or expressed warranties or assurances as to its accuracy or completeness are furnished by VC Experts. Estimates of valuation are, as indicated, estimates based on such information as we found available, the completeness of which is neither represented or guaranteed; users for any purpose are cautioned and required to undertake and perform their own investigations and due diligence. To the extent that the information incorporates content from specified sources of financial information, VC Experts disclaims any responsibility for the accuracy or completeness of such content.

About VC, Inc.: VC provides specialized content, valuation & term sheet data on thousands of venture capital financing events, and analytics for managing & modeling private company capital structures. Visit for more information.