US-based coding platform developer LaunchDarkly has received $54m in funding from its current investors, including Bloomberg Beta, the big data-focused investment firm formed by media group Bloomberg.
The round was led by venture capital firm Bessemer Venture Partners (BVP), which invested through its Century Fund, according to DevOps.com. Threshold Ventures, which was spun off from fellow VC firm DFJ, also took part, as did Redpoint Ventures, Uncork Capital and Vertex Ventures.
LaunchDarkly’s software allows users to add code to their applications in order to better manage customers’ experiences. They can also add feature flags across platforms to make it easy for others to test, review and manage features.
Edith Harbaugh, LaunchDarkly’s co-founder and chief executive, said in a blog post announcing the funding: “We will continue to grow our product, sales, customer success and marketing teams in our Oakland headquarters.
“We will also expand our New York City hub, and open London and Sydney hubs to support our international customers.”
The round boosted the company’s overall funding to $130m and came in the wake of a $44m series C that was also led by BVP with backing from Redpoint Ventures, Vertex Ventures, DFJ and Uncork Capital in March 2019.
LaunchDarkly raised $21m in series B funding from Redpoint Ventures and Vertex Ventures in 2017. They had already taken part in the company’s $8.7m series A round, which was led by DFJ and backed by Bloomberg Beta and Uncork (then known as SoftTech VC) the year before.
Bloomberg Beta had previously joined Uncork Capital, 500 Startups, Cervin Ventures and assorted angel investors to supply $2.6m in seed capital for LaunchDarkly in 2015.
