Gunderson Dettmer represented clients Altimeter Capital and Coatue as they led the $250 million Series B financing of ClickHouse, an online analytical processing (OLAP) database management system. Gunderson clients Index Ventures, Benchmark, and Lightspeed also participated in the round. The new capital brings the company’s valuation to $2 billion and will allow ClickHouse to invest in global growth as it plans to double the size of the company within the next year.

In the announcement of the transaction, partner at Altimeter Capital Kevin Wang said, “We see a massive opportunity for ClickHouse to move the world of data infrastructure and analytics forward. ClickHouse is radically transforming the way companies manage data analytics at scale, and this growth capital will fuel the vision to bring this to the global market. We’re excited to partner with Alexey, Yury, Aaron, and the world-class team at ClickHouse to build an iconic and market-leading company.”

The Gunderson deal teams were led by partners Greg Volkmar and Maggie White and included associates Shawna Reeder, Hilary Adams, Jordan Federer, Scout Moran, and Allison Giebisch.

Companies:
Altimeter
Coatue
Benchmark
Index Ventures
Lightspeed
ClickHouse