Today, we @a16z are proud to announce we are leading a new inside growth round for Mixpanel. Mixpanel, led by Suhail Doshi, is one of our fastest-revenue-growth companies, and has been profitable since we invested 3 yrs ago.
In fact, Mixpanel is unusual in that the new investment round will not go to accelerating growth, opening international offices, or the like. Mixpanel generates cash internally to fully fund continued expansion of its current business. Rather, Suhail has more ambitious goals.
We originally invested in Mixpanel because it makes state-of-the-art mobile/web analytics easy for every company in the world. Mixpanel lets you track actions not just pageviews (The smartest entrepreneurs pitching us were showing us their data thru a MP dashboard).
The broader goal: Help the world learn from its data – to bring data science to every domain, to fundamentally improve how things work. Mixpanel will use the new financing to build new products, acquire, break into new markets – and take crazy risks that may work or fail. Mixpanel will go straight after the goal of predicting the future with data – what we think is the next phase of analytics.
And always, Mixpanel will be about merging the best of what machines can do with the best of what people can do: processing + judgment. We’re thrilled to double down on our support of Suhail and the Mixpanel team. Follow them at @Mixpanel and @Suhail!