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IPO on the horizon: Redis Labs raised $310M and doubled its valuation
Israeli startup Redis Labs' valuation exceeds the $2B mark as the company prepares to go public. But the CEO promises a straight-up IPO, no SPAC route
Oshry Alkeslasi
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8 Apr 2021
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2 min read
Israeli startup Redis Labs announced closing a $310 million Series G round. The investment was led by Tiger Global, with participation from SoftBank’s Vision Fund 2 and existing investor TCV. The investment is composed of a $110 million investment in the company, alongside a secondary deal with the trio of funds purchasing a $200 million stake from existing investors. The round has doubled Redis’s valuation, estimated now to be north of $2 billion.