About NetSuite
NetSuite is a company based in Redwood City (United States) founded in 1998 by Evan Goldberg was acquired by Oracle in July 2016.. NetSuite has raised $119.92 million across 8 funding rounds from investors including Oracle, ADP and StarVest Partners. NetSuite has completed 8 acquisitions, including Bronto, IQity Solutions and Monexa. NetSuite operates in a competitive market with competitors including Workday, Visma, Deltek, Infor and SAP, among others.
- Headquarter Redwood City, United States
- Founders Evan Goldberg
- Stage Public
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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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Funding Insights of NetSuite
NetSuite has successfully raised a total of $119.92M across 8 strategic funding rounds. The most recent funding activity was a Post-IPO round of $98.88 million completed in June 2015. 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 8
- Last Round Post-IPO — $98.9M
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First Round
First Round
(19 Jun 2000)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun, 2015 | Amount | Post-IPO - NetSuite | Valuation |
investors |
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| Aug, 2011 | Amount | Post-IPO - NetSuite | Valuation |
investors |
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| Apr, 2005 | Amount | Series D - NetSuite | Valuation |
investors |
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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 NetSuite
NetSuite has secured backing from 4 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Oracle, ADP and StarVest Partners. 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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Growth equity firm investing in technology-enabled B2B services in New York.
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Founded Year | Domain | Location | |
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Cloud-based HR management solutions are offered for payroll and compliance.
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Founded Year | Domain | Location | |
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Hybrid cloud infrastructure solutions are delivered for business management.
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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 NetSuite
NetSuite has strategically engaged in corporate development activities, having acquired 8 companies. Notable acquisitions include Bronto, IQity Solutions and Monexa. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Cloud-based HRMS platform is offered for performance and talent management.
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2009 | ||||
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A gaming platform is provided by IQity Solutions.
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2007 | ||||
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Marketing Automation for Commerce
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - NetSuite
| 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 |
Netsuite Comparisons
Competitors of NetSuite
NetSuite 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 Workday, Visma, Deltek, Infor and SAP, 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-based HR and financial software is delivered to enterprises.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for business management across segments.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is provided for project-driven organizations.
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| domain | founded_year | HQ Location |
Cloud-based ERP software is offered for multiple industries.
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| domain | founded_year | HQ Location |
Cloud and AI-based ERP software is offered for enterprises.
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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 Netsuite
Frequently Asked Questions about NetSuite
When was NetSuite founded?
NetSuite was founded in 1998 and raised its 1st funding round 2 years after it was founded.
Where is NetSuite located?
NetSuite is headquartered in Redwood City, United States. It is registered at Redwood City, California, United States.
Is NetSuite a funded company?
NetSuite is a funded company, having raised a total of $119.92M across 8 funding rounds to date. The company's 1st funding round was a Series D of $15M, raised on Jun 19, 2000.
What does NetSuite do?
NetSuite was founded in 1998 and is based in Redwood City, United States. A cloud platform is operated to deliver ERP solutions across sectors including advertising, education, energy, financial services, healthcare, manufacturing, media, and retail. Core offerings encompass ERP, CRM, eCommerce, inventory management, order management, supply chain management, and POS systems. Clients such as The Second City, Quicken, and Lovesac are supported.
Who are the top competitors of NetSuite?
How many acquisitions has NetSuite made?
NetSuite has made 8 acquisitions, including Bronto, IQity Solutions, and Monexa.
Who are NetSuite's investors?
NetSuite has 4 investors. Key investors include Oracle, ADP, StarVest Partners, and Lawrence Joseph Ellison.
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