How much has Linear raised?

Linear’s seed financing was reportedly $4.2 million led by Sequoia in 2019, matching Sequoia’s portfolio page that lists Linear as founded and partnered in 2019. In December 2020, Linear announced a $13 million Series A from Sequoia after early product-market pull with software teams.

In September 2023, Linear raised a $35 million Series B led by Accel, with Sequoia participating. In June 2025, Linear reportedly raised an $82 million Series C led by Accel at a $1.25 billion valuation, bringing total reported funding to about $134.2 million.

The valuation moved because Linear broadened from issue tracking into a system of record for modern software work, customer requests, and AI-assisted development workflows. It remains private, so revenue, burn, and profitability after 2021 are not invented here.

Sequoia is the early portfolio provenance and led Linear’s seed/Series A. Accel later led the Series B and Series C, with 01 Advisors, Seven Seven Six, Designer Fund, Index Ventures, and other investors reported around later rounds.

Linear’s valuation grew as it proved that a focused, high-quality product could compete with Jira and expand into product operations. The 2025 valuation reflects enterprise expansion and AI workflow adjacency, not disclosed revenue in this profile.

Linear is private and has not announced an IPO. Sequoia’s 2022 spotlight said Linear was profitable by July 2021, but this profile does not extrapolate current profitability without updated audited data.

Linear has buying power but a lean team. The best seller angle is not broad transformation; it is a very specific improvement to developer productivity, reliability, security, data quality, or enterprise sales velocity.