YPOG advises Balderton Capital, Cherry Ventures and Accel on USD 110 million Series B financing round in Dash0

YPOG, together with Cooley, has advised venture capital investors Balderton Capital, Cherry Ventures and Accel on the Series B financing round of technology company Dash0. As part of the round, Dash0 raised USD 110 million at a valuation of USD 1 billion.

In addition to Balderton Capital, Cherry Ventures and Accel, the round included new investor DTCP Growth as well as existing investor DIG Ventures. Strategic partners, including July Fund and T.Capital (Deutsche Telekom), also participated. The proceeds will primarily be used to further develop the platform and to expand the company’s international footprint, particularly in the United States.

Dash0 develops an OpenTelemetry-based observability platform. Such platforms continuously collect and analyse operational data from IT systems – including logs, metrics and traces – to provide real-time visibility into the performance and behaviour of applications. On this basis, Dash0 enables engineering teams to identify root causes of incidents more efficiently and to increasingly automate remediation processes. Leveraging AI capabilities, the platform aims to move towards largely autonomous management of production environments.

Founded in 2023, Dash0 addresses the growing complexity of modern distributed software architectures and the increasing adoption of AI-driven applications across development and operations.

“The financing round highlights the growing importance of observability and infrastructure solutions in the context of AI-driven applications. Dash0 solves a core challenge of modern software engineering, the managing of highly complex systems, with a clearly differentiated technological approach. We are pleased to have supported Balderton Capital, Cherry Ventures and Accel on this transaction together with Cooley,” said Dr. Benedikt Flöter, Partner at YPOG.

YPOG regularly advises national and international venture capital investors on financing rounds in the software, infrastructure and deep tech sectors.

Team

Dr. Benedikt Flöter (Lead, IP/IT/Data Protection), Partner, Berlin
Dr. Benjamin Ullrich (Transactions), Partner, Berlin
Dr. Carolin Raspé (Compliance), Partner, Munich
Dr. Tim Walter (Transactions), Senior Associate, Cologne
Konstantina Nathanail (IP/IT/Data Protection), Associate, Berlin
Elmar Trautmann (Transactions), Associate, Berlin
Charlotte Petrasch (IP/IT/Data Protection), Associate, Berlin
Dr. Maximilian Mense (Transactions), Associate, Berlin 

About Balderton Capital 

Balderton Capital is a multistage venture firm with more than 25 years of experience supporting Europe’s best founders from Seed to IPO. Balderton Capital has both early and growth funds and invests across the technology sector, with a proven track record backing AI, fintech, B2B SaaS, digital health, mobility, gaming and marketplace companies. Previous investments include Darktrace (LON: DARK), Depop, Dream Games, Flywire (NASDAQ: FLYW), Kobalt, MySQL, Nutmeg, Peakon, Recorded Future, and Talend (NASDAQ: TLND). Balderton’s current portfolio includes: Aircall, Contentful, Cleo, Fuse, GoCardless (Mollie), Lendable, Photoroom, Primer, Proxima Fusion, Quantum Systems, Revolut, The Exploration Company, Tibber, Wayve, Writer and ZOE. 

About Cherry Ventures  

Cherry Ventures is Europe’s leading early-stage venture capital firm led by a team of founders and operators with experience building fast-scaling companies such as Spotify, Zalando, and Uber. The firm backs Europe's boldest founders, usually as their first institutional investor, and supports them in everything from go-to-market strategy, scaling the business, and team formation across all crucial stages in their journey. We look for founders with a vision to create revolutionary technologies - whether it’s AI, healthcare, robotics, consumer, or others - that impact society and change the world for the better. Cherry has invested in the pre-seed and seed stages of over 130 companies across Europe, including Flix, Auto1, Flaschenpost, Amboss, Manual, Numa, Moss, The Exploration Company, Qualifyze, Swap, Dash0, Proxima Fusion and Tacto. Cherry has offices in Berlin, London, and Stockholm.

About Accel

Accel is a global venture capital firm that is the first partner to exceptional teams everywhere, from inception through all phases of private company growth. Atlassian, Bumble, Celonis, CrowdStrike, Deliveroo, Fiverr, Freshworks, Lovable, Miro, n8n, Qualtrics, Scale, Segment, Slack, Spotify, Supercell, Synthesia, and UiPath are among the companiesAccel has backed over the past 40+ years. We help ambitious entrepreneurs build iconic global businesses.