Palo Alto – August 21, 2024 – Cooley advised Grafana Labs, the company behind ubiquitous, open and composable operational dashboards, on the successful completion of its approximately $270 million primary and secondary transaction. Existing investor Lightspeed Venture Partners led the transaction, which was an extension of Grafana Labs’ Series D financing at a valuation of more than $6 billion, with participation from all existing institutional investors, including GIC, Sequoia Capital, Coatue, Lead Edge Capital, J.P. Morgan and K5 Global. Additionally, Alphabet’s independent growth fund, CapitalG, joined as a new investor.
Lawyers Kevin Rooney, Rachel Burns, Rachel Lydon, Alanna Anderson, Sharon Connaughton and Rebecca Ross led the Cooley team advising Grafana Labs, with support from paralegal Melanie Yuvienco.
Cooley previously advised Grafana Labs on its $240 million Series D in April 2022 and $220 million Series C in September 2021.
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