About Lago
Lago is a company based in Wilmington (United States) founded in 2021 by Raffi Sarkissian and Julien Collet. It operates as a SaaS (Software-as-a-Service), and Usage + Subscription Mix. Lago has raised $34.35 million across 3 funding rounds from investors including FirstMark, New Wave VC and Y Combinator. Lago offers products and services including Usage Metering, Price Plans, and Invoicing. Lago operates in a competitive market with competitors including Datadog, VMware, Nutanix, Flexera and AvePoint, among others.
- Headquarter Wilmington, United States
- Founders Raffi Sarkissian, Julien Collet
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Lago Sas
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$34.35 M (USD)
in 3 rounds
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Latest Funding Round
$15 M (USD), Series A
Mar 14, 2024
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Investors
FirstMark
& 5 more
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Employee Count
Employee Count
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Products & Services of Lago
Lago offers a comprehensive portfolio of products and services, including Usage Metering, Price Plans, and Invoicing. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Usage data is collected for accurate billing solutions.
Flexible pricing models are supported for various plans.
Invoices are generated automatically based on usage data.
Unlock access to complete
Funding Insights of Lago
Lago has successfully raised a total of $34.35M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $15 million completed in March 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 3
- Last Round Series A — $15.0M
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First Round
First Round
(01 Sep 2021)
- Investors Count 6
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Mar, 2024 | Amount | Series A - Lago | Valuation | FirstMark |
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| Dec, 2023 | Amount | Series A - Lago | Valuation | FirstMark | |
| Sep, 2021 | Amount | Seed - Lago | Valuation | Y Combinator |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Lago
Lago has secured backing from 6 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include FirstMark, New Wave VC and Y Combinator. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Early-stage venture capital is invested in tech startups across sectors.
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Founded Year | Domain | Location | |
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Early-stage startups are accelerated via funding and educational programs.
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Founded Year | Domain | Location | |
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Investments are made in early and growth-stage technology startups.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Lago
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Lago
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lago Comparisons
Competitors of Lago
Lago operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Datadog, VMware, Nutanix, Flexera and AvePoint, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Cloud and application performance management platform is provided.
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| domain | founded_year | HQ Location |
Cloud orchestration solutions are provided for multi-cloud and device applications.
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| domain | founded_year | HQ Location |
AI-powered cloud management software is delivered for enterprises.
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| domain | founded_year | HQ Location |
Cloud management solutions are delivered via an online IT platform.
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| domain | founded_year | HQ Location |
Cloud based platform offering data backup and recovery solutions
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| domain | founded_year | HQ Location |
AI based cost management platform
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Lago
Frequently Asked Questions about Lago
When was Lago founded?
Lago was founded in 2021.
Where is Lago located?
Lago is headquartered in Wilmington, United States. It is registered at Wilmington, Delaware, United States.
Is Lago a funded company?
Lago is a funded company, having raised a total of $34.35M across 3 funding rounds to date. The company's 1st funding round was a Seed of $125K, raised on Sep 01, 2021.
What does Lago do?
Lago is engaged in providing metering and usage-based billing solutions for software pricing and monetization. The company supports various industries such as Artificial Intelligence, Fintech, and SaaS by offering tools for real-time usage metering, flexible price plans, and automatic invoicing. Solutions are tailored for engineers, product managers, and finance teams, enabling seamless integration with existing systems. Lagos open-source approach allows customization and scalability for businesses of different sizes.
What products or services does Lago offer?
Lago offers Usage Metering, Price Plans, and Invoicing.
Who are Lago's investors?
Lago has 6 investors. Key investors include FirstMark, New Wave VC, Y Combinator, Addition, and Script Capital.