Companies · SaaS / Software

GrowthBook, Inc.New on the radarWinter 2022Active

ANAHEIM · CA, USA; Remote · SaaS / Software · refined from filed group “Other Technology · founded 2022 · https://www.growthbook.io

Diligence memoA one-page analyst read on GrowthBook, Inc. — recommendation, valuation, rhythm, risks.
$22.6M
Total raised · real
1
Rounds
Latest step-up
Top 4%
Sector rank · raised
Series B
Latest stage · inferred · Tue Jun 17 2025 00:00:00 GMT+0000 (Coordinated Universal Time)

GrowthBook, Inc. has raised $23M over 1 round; too few niche peers to rank its valuation yet.

Synthesized from the figures below est. — every claim rests on a number shown on this page. Valuation uses the saas sector profile.

Analyst read est. — computed against this company's niche peers in the same era. Inputs shown; not a quoted figure.

Active
  • Last raise 12 mo ago; this sector typically re-raises about every 22 months.
  • Raising on or ahead of the sector's normal rhythm.
Leadership

No named principal in this company's public records yet — see all operators below.

Explore how these operators interlock with other companies in the operator network.

Where it sits in SaaS / Software

GrowthBook, Inc. is one of 381 SaaS / Software companies tracked from ANAHEIM, CA, USA; Remote, on record since 2022. By capital raised it ranks among the largest (ahead of 97% of sector peers), and among the largest by modeled valuation est..

Ranking is computed against this company's own sector cohort — reported capital is fact; valuation tiers are modeled.

AI analyst read est. — model-extracted from this company's public description, not a verified fact. 30%

operates a technology-led product inferred from public copy

Grounded in: “You are a venture analyst

Open source feature flagging and A/B testing

GrowthBook is an open source platform to help companies make data-driven product decisions with feature flags and A/B tests. Existing SaaS solutions like LaunchDarkly require a company to send all of their data to them. This results in high costs, data compliance issues, and vendor lock-in. As a result, many companies end up building their own platforms in-house, which can take thousands of hours of work and lots of headaches. To solve this, GrowthBook uses a company's existing data infrastructure and business metrics. We believe feature flags and experimentation are the right way to build products at scale and that they will become a standard part of the development process. GrowthBook is well positioned to be a leader in this growing market.

AnalyticsB2BDeveloper ToolsOpen Sourcesaas
Find GrowthBook, Inc. online

As reported in public records reported — not modeled.

US
Jurisdiction
Rule 506(b)
Reg D exemption
15
Investors (latest)
2020
Year incorporated
2025-06-17
First sale
Amount raised vs valuation, by round

Solid bars are reported offering amounts reported; hatched bars are the modeled post-money valuation est. — both on one shared scale so you can read raise-vs-worth at each round directly. Use the toggles to overlay data labels and the niche-peer / market average value lines.

Amount raised · realModeled valuation · estCumulative funded · real
$0$50M$100M$150M$200MSeries B · 2025-06-17 Raised $23M (real) Modeled valuation $125M (est)$23M$125MSeries B2025

The line shows cumulative reported funding over the period; + labels show new capital added between points when there is room. Toggle on-bar figures, plus the niche-peer and market averages, to read this company against its cohort. Benchmarks are modeled medians.

Financing ladder & sequence gaps
Series B$22.6M · 2025

Stages are modeled from round size (public records carry no series label). No record for: Pre-Seed, Seed, Series A — the company may have raised it under a different exemption, merged it into an adjacent record, or skipped it. Sequence completeness: 25%.

Modeled valuation trajectory
$125.3M
Base estimate est.
$56.6M
Conservative case
$186.6M
Upside case
$125.7M
Modeled post-money

Round size and date are reported; the stage label is inferred from round size (latest is Series Ba $15M–$40M round). Valuation is modeled from stage benchmarks scaled by the saas sector profile. Directional, not a quoted figure.

Not enough modeled valuation points to chart a trajectory.

Model inputs · modeled:benchmark-stage-stepup-v1
18%
Dilution assumption
Implied ownership sold in the financing.
68%
Survival probability
45% low · 83% high
1.45×/yr
Annual markup
1.75×/yr upside case
1.0 yr
Elapsed time used
1.0 yr actual, capped for stale marks
saas
Sector profile
Adjusts growth and survival by industry.
Financing rhythm
Avg between rounds
Capital velocity
1.0 yr
On record since
2025
First round
New
First-time filer
How it compares to the market

Benchmarked against 381 companies in SaaS / Software. Each bar is a median (the middle company, not an average — outliers don't skew it). Two yardsticks: real money raised (reported on Form D) and modeled value (our estimate est.). These are whole-sector medians across all stages, except the per-stage row.

Total raised — vs sector median (real $, all stages) 2.9× above median
This company$22.6M
Sector median$7.7M
Latest round — vs other Series B rounds in sector (real $, this stage) 1.2× above median
This company$22.6M
Sector median$18.5M
Modeled value — vs sector median (estimate, all stages) 1.4× above median
This company$125.3M
Sector median$86.5M

Raised more than 97% of sector peers (real $). Modeled value above 94% of peers (estimate).

Full financing history

Stage is inferred from round size est., not reported on the filing — a round's dollar size maps to a bucket: Pre-Seed <$1.0M · Seed $1.0M–$4.0M · Series A $4.0M–$15M · Series B $15M–$40M · Series C $40M–$100M · Series D+ $100M–$400M · Growth/Late >$400M.

StageAmount · realAnnouncedPost-money · estValue · estConf.
Series B$22.6M2025-06-17$125.7M$125.3M90%
What happened at each round

Step-up, pace versus the sector's normal cadence, and revenue/exemption moves — read straight from the reported round facts reported.

  1. Series B$22.6M2025-06-17
    • First recorded raise — entered as Series B.
    • 15 investors on this round.
Intelligence
Modeled next raise
$36.2M
Modeled next size est.range $23.5M$57.9M
Last step-up
Capital velocity

Predictive signals are modeled est. from this company's own cadence and step-up, plus sector benchmarks — directional, not advice. Peer set and a CSV export live in your analyst workspace.

Key people & operators

Officers, directors and promoters named in this company's public recordsreported — the people who run it (not its investors). "Also runs" counts come from name-matching across all records, so verify before acting.

PersonRoleAlso runsTied since
MANISH PATEL11 other2025-06
Graham McNicoll2025-06
Jeremy Dorn2025-06
Registry & provenance

GrowthBook, Inc. is an official record sourced from the U.S. Securities and Exchange Commission (SEC). U.S. data is aggregated from SEC Form D filings.

United States
Country of record
US
Jurisdiction
2075367
SEC CIK
2020
Incorporated
Similar companies

Nearest neighbours across the whole database — matched on sector, stage and capital scale, and on shared operators (officers or directors named at both companies in public filings). A discovery shortlist, not a valuation cohort — verify before acting, the same way modeled figures are directional.

CompanySectorStageRaised · realValue · estWhy similar
Coursedog, Inc.SaaS / SoftwareSeries B$22.2M$496.7Msame sector · same stage
Thunkable, Inc.SaaS / SoftwareSeries B$25.3M$482.7Msame sector · same stage
Latchel, Inc.SaaS / SoftwareSeries B$26.1M$73.5Msame sector · same stage
Quartzy, Inc.SaaS / SoftwareSeries B$27.5M$173.0Msame sector · same stage
PopSQL, Inc.SaaS / SoftwareSeries B$17.4M$352.1Msame sector · same stage
Chalak Growth Capital Fund II, LLCRestaurantsSeries B$20.0M$63.5Mnetwork1 shared operator · same stage
HireArt Inc.SaaS / SoftwareSeries B$33.7M$19.5Msame sector · same stage
Crown Investment Group, LLCOtherSeries B$18.0M$134.3Mnetwork1 shared operator · same stage
Semantically similar

Matched by meaning, not labels — a local language model reads each company's name, sector and description and ranks the closest in that learned space. This catches look-alikes that cross sector boundaries; the structured list above explains its matches, this one trusts the text. Directional, like every modeled signal here.

CompanySectorStageValue · estMatch
QuotaBook
Equity management platform for startups and investors.
Fintech75%
Yardbook
Marketplace & Software Revolutionizing Yard Care
Fintech74%
Demand Curve
Learn how to build a scalable growth engine
Defense74%
GrowthPoint Global Inc.Other TechnologySeries A$119.3M73%
Workbase
Data & workflow platform for B2B account teams
SaaS / Software73%
42
Analytics stack for omnichannel retailers and brands
SaaS / Software72%
Rulebricks
Add powerful decision-making capabilities to any automated workflow.
SaaS / Software72%
Databook Labs, Inc.Software / TechSeries C$968.1M72%
Frequently asked
How much funding has GrowthBook, Inc. raised?
GrowthBook, Inc. has raised approximately $22.6M in disclosed capital across 1 recorded financing round, aggregated from public filings.
What is GrowthBook, Inc.'s estimated valuation?
Provath's modeled valuation for GrowthBook, Inc. is approximately $125.3M (modeled range $56.6M–$186.6M). This is an algorithmic estimate derived from round sizes and same-niche peers — not a quoted or reported figure.
What funding stage is GrowthBook, Inc. at?
GrowthBook, Inc.'s latest modeled financing stage is Series B. Its most recent recorded round closed around Tue Jun 17.
What does GrowthBook, Inc. do and where is it based?
GrowthBook, Inc. operates in the SaaS / Software sector, based in ANAHEIM, CA, USA; Remote. Open source feature flagging and A/B testing
Explore related

See where GrowthBook, Inc. sits in the wider market — its sector, location and stage cohorts, each with their own leaderboards and capital-flow timelines.

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