# NetSuite

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/netsuite

- Industry: Software
- Headquarters: Redwood City, US
- Website: www.netsuite.com
- Total disclosed funding: $85M
- Latest round: Series H (Apr 6, 2005)
- Investors on record: 7

## About

NetSuite, Inc. provides cloud-based enterprise resource planning (ERP) solutions to streamline business operations, enhancing efficiency and data accuracy for companies across various industries.Founded in 1998 in Redwood City, US, NetSuite, Inc. specializes in cloud-based ERP solutions. The company underwent a significant pivot when it was acquired by Oracle Corporation in December 2007 for USD 9.3 bn, marking a strategic move to expand its market presence. The founders include Evan Goldberg and others, contributing to a strong history of innovation. At the time of its latest funding round, NetSuite had raised a total of USD 9.3 bn, primarily through the successful Trade Sale.NetSuite primarily offers a comprehensive suite of cloud-based enterprise resource planning (ERP) solutions designed to streamline business management processes across various sectors. The core product line includes integrated modules for financial management, customer relationship management (CRM), eCommerce, inventory management, and professional services automation (PSA). These solutions provide companies with a single source of truth, enhancing data accuracy, efficiency, and decision-making capabilities. NetSuite serves over 42,000 customers globally across diverse industries such as manufacturing, retail, and financial services, with a presence in North America, Europe, Asia-Pacific, and Latin America.NetSuite operates on a subscription-based revenue model, generating revenue from annual or multi-year contracts for its ERP solutions. In 2015, the company's revenue reached USD 741.15 mn, with an EBITDA of USD 47.24 mn, reflecting the company's solid engagement with its client base through recurring subscriptions and service fees for implementation and support.Following its IPO in December 2007, where NetSuite raised USD 161.2 mn by selling 6.2 mn shares at USD 26 per share, the company continues to focus on enhancing its product offerings. Plans for future growth include the launch of new products aimed at expanding functionalities within its existing ERP suite. Additionally, NetSuite aims to penetrate new markets in Asia-Pacific and Latin America by 2025, leveraging its recent funding to bolster product development and market outreach initiatives.

## Funding rounds

- Series H, Apr 6, 2005, $15M — StarVest Partners, TAKO Ventures
- Series G, Jan 1, 2004, $20M — StarVest Partners, TAKO Ventures
- Series D, Apr 5, 2001, $30M — StarVest Partners, TAKO Ventures
- Series C, Jun 19, 2000, $20M — Cross Atlantic Capital Partners, StarVest Partners, Automatic Data Processing, Inc., PaineWebber Group, Inc., Internet Assets Inc., TAKO Ventures, Invest Inc

## Investors

- Cross Atlantic Capital Partners (https://capitalatlas.ai/funds/cross-atlantic-capital-partners) — Series C
- StarVest Partners (https://capitalatlas.ai/funds/starvest-partners) — Series C, Series D, Series G, Series H
- Automatic Data Processing, Inc. — Series C
- PaineWebber Group, Inc. — Series C
- Internet Assets Inc. — Series C
- TAKO Ventures (https://capitalatlas.ai/funds/tako-ventures) — Series C, Series D, Series G, Series H
- Invest Inc — Series C