Domo

Deal Snapshot

Company: Domo, Inc.

Website: domo.com

Sector / Category: Cloud software / Business intelligence + data analytics + data visualization (SaaS)

Headquarters: American Fork, Utah, USA

Founded: 2010

Investor: Frazier VC

Investment Vehicle: Fund I

Deal Type: Secondary

Exit / Realization: IPO (Nasdaq: DOMO) — priced 6/28/2018, began trading 6/29/2018

Company Overview

Domo is a cloud-based business intelligence and data experience platform designed to help organizations connect data sources and deliver real-time dashboards, analytics, and reporting to decision-makers across the company. The platform is positioned to reduce friction between data and business users by enabling faster visibility and action on key metrics.

Public Funding / Capital Events

Jul 13, 2011 — $33M Series A (reported)

Domo’s early institutional funding included a large Series A led by Benchmark Capital (reported at $33M, with earlier angel funding referenced in the same coverage).

Jun 28–29, 2018 — IPO priced and trading begins

Domo priced its IPO at $21.00 per share (9.2M shares offered) and began trading on the Nasdaq Global Market under “DOMO” on June 29, 2018.

Investment Summary

Frazier VC invested in Domo through secondary purchases in Fund I in November 2014 and February 2015. These secondary entries provided exposure to a Utah-based, high-growth SaaS analytics platform ahead of its 2018 IPO, during a period when the company was expanding product capabilities and scaling enterprise adoption.

Why We Invested

Frazier VC invested in Domo because we believe scalable SaaS platforms that become embedded in how organizations measure and run their business can compound in value over time. Domo’s product sits at the intersection of data access and executive decision-making, creating strong workflow stickiness when deployed broadly across teams. We also value differentiation and defensibility in analytics platforms, where integration depth, adoption across departments, and switching costs can create meaningful barriers to entry.

Other Investors

Benchmark Capital

Andreessen Horowitz

Institutional Venture Partners

TPG Growth

T. Rowe Price

Viking Global Investors

BlackRock

Capital Group

GGV Capital