ServiceNow

Founders Fred Luddy

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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.
Total investments 23
Average round size
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The average size of a deal this fund participated in
$77M
Portfolio companies 20
Rounds per year 1.28
Lead investments 0
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.13
Exits 6
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

Harness

Artificial Intelligence
Delivery
Developer Tools
SaaS
$175M26 Apr 2022 San Francisco, California, United States

BigID

Analytics
Artificial Intelligence
Big Data
Cyber Security
Machine Learning
Network Security
Privacy
Risk Management
Security
Software
03 Feb 2022 New York, New York, United States

Genesys

Business Intelligence
Call Center
Cloud Infrastructure
Contact Management
CRM
Customer Service
Enterprise Software
SaaS
Software
Text Analytics
$580M06 Dec 2021 Daly City, California, United States

SafeBreach

Cyber Security
Intrusion Detection
Network Security
Security
Software
$53M09 Nov 2021 Sunnyvale, California, United States

CareAR

Augmented Reality
SaaS
Software
$10M02 Sep 2021 Austin, Texas, United States

Split Software

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

MariaDB

Database
Enterprise Software
Software
Technical Support
$25M09 Jul 2020 Espoo, Southern Finland, Finland

VNDLY

Cloud Management
Human Resources
Recruiting
SaaS
Software
Staffing Agency
$35M17 Dec 2019 Ohio, United States

Skymind

Artificial Intelligence
$11M21 Mar 2019 San Francisco, 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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