Redis Labs Raises $110 Million Led by Tiger Global Management

20 Apr, 2021

Redis Labs Raises $110 Million Led by Tiger Global Management

– Redis Labs today announced it has closed $110 million in financing led by a new investor, Tiger Global, which brings the company’s valuation to more than $2 billion.
– The company’s Series G round also includes participation from another new investor, SoftBank Vision Fund 2, and existing Redis Labs investor TCV.
– Tiger, SoftBank, and TCV acquired additional ownership as part of a $200 million secondary transaction.
– Founded in 2011 by Ofer Bengal (CEO) and Yiftach Shoolman (CTO), Redis Labs has now raised a net amount of $347 million and will continue to invest in expanding the company’s global footprint, advancing its market-leading real-time data platform, and delivering world-class customer support.

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