Tech Company Financing Transactions

Observe Funding Round

Observe, based in San Mateo, raised $70 million in funding from Capital One, Madrona Venture Group and Sutter Hill Ventures.

Transaction Overview

Company Name
Announced On
5/11/2022
Transaction Type
Debt
Amount
$70,000,000
Round
Undisclosed
Proceeds Purpose
A $70 million debt round might not instill enormous confidence, but Burton says that the strategy is to use debt to increase Observe's value before it converts to equity while minimizing dilution.

Company Information

Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
2 E 3rd Ave.
San Mateo, CA 94401
USA
Phone
Undisclosed
Email Address
Overview
Observe was founded by Sutter Hill Ventures in November 2017. Our founding team came from leading Enterprise SaaS and software companies that work with vast quantities of data such as Snowflake, Splunk and Wavefront. Our founding thesis was that the enterprises are data rich, but information poor. Data is siloed making it difficult to understand what's going on inside applications and infrastructure.
Profile
Observe LinkedIn Company Profile
Social Media
Observe Company Twitter Account
Company News
Observe News
Facebook
Observe on Facebook
YouTube
Observe on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Jeremy Burton
  Jeremy Burton LinkedIn Profile  Jeremy Burton Twitter Account  Jeremy Burton News  Jeremy Burton on Facebook
Co-Founder
Jonathan Trevor
  Jonathan Trevor LinkedIn Profile  Jonathan Trevor Twitter Account  Jonathan Trevor News  Jonathan Trevor on Facebook
Co-Founder
Philipp Unterbrunner
  Philipp Unterbrunner LinkedIn Profile  Philipp Unterbrunner Twitter Account  Philipp Unterbrunner News  Philipp Unterbrunner on Facebook
Co-Founder
Jon Watte
  Jon Watte LinkedIn Profile  Jon Watte Twitter Account  Jon Watte News  Jon Watte on Facebook
VP - Engineering
Jacob Leverich
  Jacob Leverich LinkedIn Profile  Jacob Leverich Twitter Account  Jacob Leverich News  Jacob Leverich on Facebook


 

 

Browse more venture capital transactions:

Prev: 5/11/2022: Bubbles venture capital transaction
Next: 5/11/2022: SureCam venture capital transaction

 

Share this article

 


About Our Venture Capital Transactions Database

We report on all VC transactions involving tech companies. VC transactions reported here are derived from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


Additional Resources for Entrepreneurs

Lists of Venture Capital and Private Equity Firms

Franchise Opportunities

Contributors

Business Glossary