On February 24, 2022, dbt Labs, Inc. closed the transaction. The company has issued 6,528,164 series D preferred shares for gross proceeds of $222,000,009.066 in the transaction. The transaction was led by existing investor Altimeter Capital Management, LP and included participation from new investors, Coatue Management, L.L.C., Tiger Global Management, LLC, ICONIQ Growth, GV Management Company, LLC, GIC Pte.

Ltd., Databricks, Inc., Salesforce Ventures, LLC, Snowflake Inc., existing investors Amplify Partners, LLC, Sequoia Capital Operations LLC, and Andreessen Horowitz LLC.