United States · Funded startup

Who invested in Demandbase

7 rounds we have observed, with the 17 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Advertising & AdtechMartech

Funding summaryUpdated 26 Oct 2026

$158Mraised across 7 rounds since 2008, from 7 sources

$8.0MSeries B$10MSeries C$15MSeries D$15MSeries E$15MSeries F$30MSeries G$65MRound
Latest round
Round, $65MMay 2017
Step-upi
2.2×
Investors
17
See who backed them

The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2010201220142016
$8.0MSeries B$10MSeries C$15MSeries D$15MSeries E$15MSeries F$30MSeries G$65MRound
First round
Series B, $8.0M
Aug 2008
Biggest round
$65M
Round · May 2017
Usual gap between rounds
22 months
the median of 6

The rounds

  1. May 2017
    Round$65M6 new1 returning

    Reported by FinSMEsSEC filing: $25M sold, first sale May 2017

  2. Jul 2015
    Series G$30M3 new5 returning

    From a historical funding recordSEC filing: $30M sold, first sale Jul 2015

  3. Oct 2014
  4. Mar 2014
    Series E$15M

    No investor was named in the report.

    From a historical funding recordSEC filing: $15M sold, first sale Mar 2014

  5. Mar 2013
    Series D$15M2 new4 returning

    Reported by techcrunch.comSEC filing: $14M sold, first sale Mar 2013

  6. May 2011
  7. Aug 2008

Founders and team

From Demandbase's own website and the SEC filings it signed: 2 founders, 9 on the team.

Bob SpinnerFounding Partner & Managing Director
Chris GolecFounder
  • Gabe RogolCEO
  • Emily WeigandChief Financial Officer
  • Greg PhiliotisChief Revenue Officer
  • Rachel TruairChief Marketing Officer
  • Shanah ZamostChief People Officer
  • Anthony LeeGeneral Partner
  • Bryan MorrisExecutive Officeri
  • Christopher GolecExecutive Officer, Directori
  • Stacey BishopPartner

On the board, as filediDavid KarnstedtEdward GilhulyRobert SpinnerSteven Klei

AdvisersSteve Klei

Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

Everyone who backed them

Altos VenturesVC firm5rounds
Adobe SystemsVC firm5rounds
Sigma PartnersVC firm3rounds
Costanoa VenturesVC firm3rounds
Sutter Hill VenturesVC firm2rounds
Greenspring AssociatesPrivate equity2rounds
Salesforce VenturesCorporate VC1round
Split Rock PartnersVC firm1round
AdobeCompany1round
Sageview CapitalGrowth equity1round
AltosGrowth equity1round
SIGMAAdvisor1round
Greenspringno record of our own yet1round
Sageview Capital/ Silver Lake Watermanno record of our own yet1round
Salesforce.comno record of our own yet1round

Missing a round, or an investor who was in one? Tell us.

Also claim to have backed them

These 7 firms list Demandbase as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above.

Storm VenturesVC firmPer its own site
Rembrandt Venture PartnersVC firmPer its own site
Big Sky PartnersVC firmPer its own site
Spring Lake Equity PartnersPrivate equityPer its own site
Beedie CapitalPrivate equityPer its own site
Novirian CapitalPrivate equityPer its own site
Spring Lake Equity PartnersInvestment firmPer its own site

Quick answers about Demandbase

Who invested in Demandbase?

Demandbase's investors include Altos Ventures, Adobe Systems, Scale Venture Partners, Sigma Partners and Costanoa Ventures, and 12 more on record.

How much has Demandbase raised?

Demandbase has raised $158M across 7 rounds since 2008.

When did Demandbase last raise?

Demandbase's most recent round was an Undisclosed round of $65M in May 2017.

What was Demandbase's biggest round?

Its most recent round, $65M in May 2017, is also its largest on record.

Who backed Demandbase first?

Demandbase's first round on record, in Aug 2008, was backed by Sigma Partners, Altos Ventures and Adobe Systems.

What stage is Demandbase at?

Demandbase's latest named round is an Undisclosed round, in May 2017.

Where is Demandbase based?

Demandbase is based in the United States.

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