Orrick Advises Algolia on $150 Million Series D Round, Valuing Company at $2.25 Billion

July.28.2021

Congratulations to our client Algolia, a leading API platform for search and dynamic experiences, on its $150 million Series D financing round. Led by Lone Pine Capital, the round – which values the company at $2.25 billion – included Fidelity Management & Research Company, STEADFAST Capital Ventures, Glynn Capital, Twilio, and existing investors, including Accel and Salesforce Ventures.

This latest funding round brings Algolia’s total funds raised to $315 million. This investment will enable Algolia to scale and serve the increased demand for the company’s Search and Recommendations products, as well as fuel the company’s continued product expansion into adjacent markets and use-cases.

The Orrick team advising Algolia includes John Bautista, Bill HughesPaul Klimos, Alexander Napoles, Christopher Bulkley, Elizabeth Lefever and Ashley Walter.