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ServiceNow

Founders Fred Luddy

Overview

Investments

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 34
Average round size
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The average size of a deal this fund participated in
$61M
Portfolio companies 31
Rounds per year 1.79
Lead investments 2
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.09
Exits 7
Key employees 4

Areas of investment

  • Software
  • SaaS
  • Enterprise Software
  • Artificial Intelligence
  • Information Technology
Summary

In 2004 was created ServiceNow, which is appeared as Corporate Investor. The leading representative office of defined Corporate Investor is situated in the Santa Clara. The venture was found in North America in United States.

Among the most successful fund investment fields, there are Business Intelligence, Apps. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. The fund has no exact preference in some founders of portfolio startups. In case when startup counts 4 of the founder, the chance for it to get the investment is meager. For fund there is a match between the country of its foundation and the country of its the most frequent investments - United States. Among the most popular portfolio startups of the fund, we may highlight MuleSoft, ThoughtSpot, Numerify.

The common things for fund are deals in the range of 10 - 50 millions dollars. The fund is generally included in less than 2 deals every year. The high activity for fund was in 2017. The higher amount of exits for fund were in 2019. When the investment is from ServiceNow the average startup value is more than 1 billion dollars. Speaking about the real fund results, this Corporate Investor is 7 percentage points more often commits exit comparing to other organizations. This ServiceNow works on 20 percentage points less the average amount of lead investments comparing to the other organizations.

The usual cause for the fund is to invest in rounds with 5-6 partakers. Despite the ServiceNow, startups are often financed by Salesforce Ventures, Lighter Capital, Sapphire Ventures. The meaningful sponsors for the fund in investment in the same round are New Enterprise Associates, Lightspeed Venture Partners, Salesforce Ventures. In the next rounds fund is usually obtained by Lightspeed Venture Partners, Sequoia Capital, Tenaya Capital.

This organization was formed by Fred Luddy. The overall number of key employees were 2.

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Related Funds

Funds investing in previous rounds
These funds often invest in the rounds preceeding the rounds of ServiceNow:
Typical Co-investors
ServiceNow is more likely to invest in rounds together with the following funds:
Funds investing in following rounds
These funds have a tendency to invest in the following rounds after ServiceNow:

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Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

City Innovate

Consulting
Government
Information Technology
Software
$12M18 May 2023 San Francisco, California, United States

Tenon

Enterprise
Marketing
Security
$3M09 May 2023 Indianapolis, Indiana, United States

Nobl9

SaaS
Software
$15M31 Jan 2023 Massachusetts, United States

Noodle Analytics, Inc. (Noodle.ai)

Artificial Intelligence
Big Data
Machine Learning
Supply Chain Management
$25M09 Sep 2022 San Francisco, California, United States

Fairmarkit

Enterprise Software
Procurement
Productivity Tools
SaaS
Software
Supply Chain Management
$35M01 Sep 2022 Boston, Massachusetts, United States

Loris

Artificial Intelligence
Computer
Customer Service
Machine Learning
SaaS
Software
$12M26 Apr 2022 New York, New York, United States

Edge Delta

Computer
Software
$63M18 Mar 2022 Seattle, Washington, United States

ThreeKit

3D Printing
Computer
Information Technology
Product Design
SaaS
Software
$35M09 Nov 2021 Chicago, Illinois, United States

Split Software

Big Data
Developer Tools
SaaS
Software
$33M25 Aug 2020 Redwood City, California, United States
News
Xerox-backed field service startup CareAR raises $10M

– CareAR, a startup that combines AR with content management system DocuShare and multichannel marketing service XMPie, has raised $10m in a funding led by ServiceNow.
– The round values CareAR at $700m post-money.
– CareAR’s platform lets agents see what users see for real-time troubleshooting.

Split Raises $50 Million Series D Funding to Power Data-Driven Innovation in Software Development for Global Enterprises

– Split, the leading feature delivery and experimentation platform, announced $50m in Series D funding led by Owl Rock.
– The round was also joined by Northgate Capital and existing investors including Accel, Lightspeed Venture Partners, Harmony Partners, Microsoft’s venture capital fund M12, Atlassian Ventures, and ServiceNow.
– This latest round of investment brings Split’s total funding to $110m of which $83m was raised within the past year.

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Total investments 34
Average round size 61M
Rounds per year 1.79
Peak activity year 2022
Lead investments 2
Follow on index 0.09
Exits 7
Group Appearance index 0.71

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

City Innovate

Consulting
Government
Information Technology
Software
$12M18 May 2023 San Francisco, California, United States

Tenon

Enterprise
Marketing
Security
$3M09 May 2023 Indianapolis, Indiana, United States

Nobl9

SaaS
Software
$15M31 Jan 2023 Massachusetts, United States

Noodle Analytics, Inc. (Noodle.ai)

Artificial Intelligence
Big Data
Machine Learning
Supply Chain Management
$25M09 Sep 2022 San Francisco, California, United States

Fairmarkit

Enterprise Software
Procurement
Productivity Tools
SaaS
Software
Supply Chain Management
$35M01 Sep 2022 Boston, Massachusetts, United States

Loris

Artificial Intelligence
Computer
Customer Service
Machine Learning
SaaS
Software
$12M26 Apr 2022 New York, New York, United States

Edge Delta

Computer
Software
$63M18 Mar 2022 Seattle, Washington, United States

ThreeKit

3D Printing
Computer
Information Technology
Product Design
SaaS
Software
$35M09 Nov 2021 Chicago, Illinois, United States

Split Software

Big Data
Developer Tools
SaaS
Software
$33M25 Aug 2020 Redwood City, California, United States
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