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NetSuite has raised $85.0M across 4 funding rounds.
Key people at NetSuite.
NetSuite has raised $85.0M in total across 4 funding rounds.
NetSuite offers a comprehensive, cloud-based enterprise resource planning (ERP) platform designed to unify business operations. The suite integrates essential functions including financial management, customer relationship management (CRM), e-commerce, and supply chain capabilities. By providing a single source of truth, NetSuite enables organizations to automate core processes, gain real-time insights, and streamline various aspects of their business from accounting to project management.
The company was founded in 1998 by Evan Goldberg, with initial backing from Oracle Corporation’s Larry Ellison. Goldberg, who had previously spent eight years at Oracle, envisioned and pioneered the concept of a cloud-based business software suite when on-premise solutions dominated the market. This foundational insight established NetSuite as one of the first cloud computing companies.
NetSuite serves a diverse customer base, primarily fast-growing organizations seeking to optimize and scale their operations. The platform is utilized across numerous industries, helping businesses achieve greater efficiency, control, and agility. NetSuite’s ongoing mission is to provide a unified business management solution that empowers companies to unlock growth and manage their operations effectively through a single, integrated system.
NetSuite has raised $85.0M across 4 funding rounds. Most recently, it raised $15.0M Series H in March 2005.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 1, 2005 | $15M Series H | — | Oracle | Announced |
| Dec 1, 2003 | $20M Series G | — | Oracle | Announced |
| Apr 1, 2001 | $30M Series D | — | Oracle | Announced |
| Jun 1, 2000 | $20M Series C | — | Oracle | Announced |
NetSuite has raised $85.0M in total across 4 funding rounds.
NetSuite's investors include Oracle.
Key people at NetSuite.
NetSuite is a cloud-based enterprise resource planning (ERP) software company that provides an integrated platform for managing finance, inventory, CRM, e-commerce, and other core business operations, primarily serving small to midsize businesses (SMBs) and enterprises.[1][3][4] It solves the problem of fragmented, on-premise systems by offering real-time, browser-based access to unified data, streamlining operations and enabling scalability without manual processes or multiple tools.[1][2][5] With over 33,000 customers across 200+ countries, NetSuite demonstrates strong growth momentum, evolving from a startup to an Oracle subsidiary after a $9.3 billion acquisition in 2016.[3][6]
NetSuite originated in 1998 when Evan Goldberg, son of Oracle co-founder Bob Goldberg, founded NetLedger following a pivotal five-minute phone call with Larry Ellison, Oracle's then-CEO, who provided $125 million in seed funding via Tako Ventures.[2][4][5] Starting above a hair salon in San Mateo, California, NetLedger pioneered web-hosted accounting software, predating modern cloud concepts and even Salesforce by about a month, targeting browser-based real-time access over desktop rivals.[2][5][7] In 2002-2003, it rebranded to NetSuite, added CRM and inventory modules under CEO Zach Nelson, went public in 2007, and expanded globally with data centers in Europe (2011) and Asia (2013), culminating in Oracle's 2016 acquisition.[3][5][6]
NetSuite rode the early cloud computing wave, coining "cloud-based" business software before it became mainstream, shifting enterprises from rigid on-premise setups to agile, internet-delivered SaaS.[2][4][7] This timing capitalized on rising internet adoption and SMB needs for affordable, scalable tools amid Y2K-era inefficiencies.[1][5] Market forces like remote work, data silos, and digital transformation favor its real-time, integrated model, influencing the ERP ecosystem by setting SaaS standards—now amplified by Oracle's resources for global reach and innovation.[3][6] It powers manufacturing, distribution, and fast-growing firms, democratizing enterprise-grade ops.
NetSuite's Oracle integration positions it for deeper AI-driven ERP enhancements, expanded modules, and hybrid cloud deployments amid rising demand for unified ops in volatile markets.[3][6] Trends like automation, global e-commerce, and real-time analytics will propel growth, potentially capturing more mid-market share as legacy systems phase out. Its influence may evolve toward ecosystem dominance, blending with Oracle's enterprise stack to redefine cloud business management—cementing its legacy as the cloud ERP pioneer that streamlined operations for a digital era.[1][2]
