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Angel Investor (Individual)

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Investments

12

Portfolio Exits

2

About David Schneider

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CB Insights Intelligence Analysts have mentioned David Schneider in 1 CB Insights research brief, most recently on Jun 9, 2021.

Latest David Schneider News

Grafana Labs raises $220 million in Series C investment round

Aug 24, 2021

Former VMware president Carl Eschenbach and former ServiceNow president David Schneider will be joining the company's board as part of the funding round. (Image: Grafana Labs) Grafana Labs announced a Series C investment round of $220 million on Tuesday, bringing the company to a valuation of $3 billion, ten times its valuation in 2019. The funding round was led by Sequoia Capital, Coatue, Lightspeed Venture Partners, Lead Edge Capital and GIC. As part of the latest funding round Sequoia Capital partner Carl Eschenbach will join the company's board alongside Coatue general partner David Schneider. Eschenbach is a former president of VMware and Schneider previously served as president of ServiceNow. Grafana Labs added a free tier in January and a month earlier became the first open source provider to enter a joint development and go to market deal with AWS. Thanks to the latest funding round, Grafana Labs said it would be adding 50GB of traces to the 50GB of logs, 10,000 series of Prometheus metrics, and 3 Grafana dashboard users that come with the "free forever tier." The on-premises Grafana Enterprise Stack as well as the Grafana Cloud offer users access to plugins like Elasticsearch, Jira, Datadog, Splunk, Oracle, MongoDB, Snowflake and ServiceNow. Raj Dutt, CEO at Grafana Labs, said the company's year had been marked by multiple successes, including widespread adoption of Grafana Cloud and the introduction of Tempo 1.0 for tracing. The company also purchased k6 and Pace.dev to add capabilities to their platforms. "This new investment of capital, as well as the addition of two highly experienced technology executives to our board, will focus us on accelerating product development to support our community's and customers' success," Dutt added. Eschenbach noted that in only a few years, Grafana Labs has transformed itself from a single open source project to one now used heavily among thousands of companies like Bloomberg, JP Morgan Chase, eBay, PayPal, and Sony. He compared the company's growth to that of VMware and said the company had expanded to almost 500 employees across 40 different countries. "At ServiceNow, I was able to witness first-hand how difficult it is to build an effective observability system that can provide teams with a single view across the organization," Schneider explained. "We think that Grafana Labs and their vendor-neutral 'big tent' philosophy have made it easier for organizations to keep tabs on all of their systems from one single dashboard."

David Schneider Investments

12 Investments

David Schneider has made 12 investments. Their latest investment was in SellerX as part of their Series A on March 3, 2021.

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David Schneider Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

3/25/2021

Series A

SellerX

$30.7M

No

83North, Cherry Ventures, Christopher North, Felix Capital, and François Nuyts

2

12/7/2020

Series A

finn.auto

$24.28M

Yes

Heartcore Capital, HV Capital, Picus Capital, Robert Gentz, Rubin Ritter, Unternehmertum Venture Capital, and White Star Capital

3

11/19/2020

Seed VC

SellerX

Yes

Cherry Ventures, Chris North, Felix Capital, TriplePoint Capital, Undisclosed Angel Investors, and Village Global

5

11/3/2020

Series A

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$99M

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10

7/25/2018

Series A

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$99M

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10

Date

3/25/2021

12/7/2020

11/19/2020

11/3/2020

7/25/2018

Round

Series A

Series A

Seed VC

Series A

Series A

Company

SellerX

finn.auto

SellerX

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Amount

$30.7M

$24.28M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

83North, Cherry Ventures, Christopher North, Felix Capital, and François Nuyts

Heartcore Capital, HV Capital, Picus Capital, Robert Gentz, Rubin Ritter, Unternehmertum Venture Capital, and White Star Capital

Cherry Ventures, Chris North, Felix Capital, TriplePoint Capital, Undisclosed Angel Investors, and Village Global

Sources

2

3

5

10

10

David Schneider Portfolio Exits

2 Portfolio Exits

David Schneider has 2 portfolio exits. Their latest portfolio exit was Palerra on September 19, 2016.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/19/2016

Acquired

7

00/00/0000

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$991

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10

Date

9/19/2016

00/00/0000

Exit

Acquired

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Companies

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Valuation

$991

Acquirer

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Sources

7

10

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