Software solution platform

deal exit
portfolio

About the company

Digital Ocean is a New York based cloud platform for application development teams.

Valuation

$4.47B

Country

USA

Founded

2012

Lead investors

Access Industries

KeyBanc

Business highlights

1

DigitalOcean software is used by companies like Slack, GitLab, HashiCorp and over 600,000 customers in 185 countries.

2

DigitalOcean is growing at an impressive 37% at $490 million in ARR. The company plans to hit $1 billion in revenue by 2024, with a long-term target of sustaining growth of over 30%.

3

On March 23rd, DigitalOcean has debuted on NYSE with the DOCN ticker. Investors valued the company at $5 billion on the IPO date, while the company was able to raise $775 million for further development.

Management

CEO

Yancey Spruill

CFO

William Sorenson

CTO

Barry Cooks

Deal terms

Open an account to get access to the share price

Company tags:
Cloud Service IPO
Share:
Last updated:
07 April 2022

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