Rancher Labs’ $40 Million Series D Financing Round

Pillsbury Winthrop Shaw Pittman LLP advised Rancher Labs.

Rancher Labs , the creator of the most widely used Kubernetes management platform, closed a $40 million Series D funding round. The round was led by Telstra Ventures. One of its investors, Telstra Corporation, is a Rancher Labs customer and is Australia’s largest telecommunications company. The funding round also included participation from existing investors Mayfield, Nexus Venture Partners, GRC SinoGreen, and F&G Ventures, bringing total funding to date to $95 million.

The company will use its Series D funding to expand focus on product innovation, increase investment in go-to-market activities, and to accelerate market expansion.

Rancher Labs delivers open source software that enables organizations to deploy and manage Kubernetes at scale, on any infrastructure across the data center, cloud, branch offices, and the network edge. With 30,000 active users and greater than 100 million downloads, their flagship product, Rancher, is the industry’s most widely adopted Kubernetes management platform.

The Pillsbury team was led by Silicon Valley Corporate partner Allison Leopold Tilley (picture) and included Lisa Higa and associate Supriya Krishnan.

Involved fees earner: Lisa Higa – Pillsbury Winthrop Shaw Pittman LLP; Allison Tilley – Pillsbury Winthrop Shaw Pittman LLP;

Law Firms: Pillsbury Winthrop Shaw Pittman LLP;

Clients: Rancher Labs;

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Author: Ambrogio Visconti