Total amount raised
$290 Millions
Latest funding date
11/1/2022
Location
Matillion has successfully raised significant funding over multiple rounds, attracting notable investors such as Databricks Ventures and Snowflake Ventures. The company's platform focuses on enhancing data productivity through cloud-native data integration and AI capabilities.
Keep reading to explore the intricacies of Matillion's fundraising journey and the investors backing this innovative platform.
What Is Matillion?
Matillion, founded in January 2011 by Ed Thompson and Matthew Scullion, is headquartered in Manchester, United Kingdom. The company specializes in cloud-native data integration with AI capabilities, focusing on enhancing data productivity for various applications such as insights, operational analytics, data science, machine learning, and artificial intelligence.
Matillion's platform enables users to build and manage data pipelines, move data from source systems into cloud data platforms, and create complex data transformations using a user-friendly interface. The company serves thousands of enterprises, including Cisco, DocuSign, Pacific Life, Slack, and TUI.
With a workforce of between 501 and 1000 employees, Matillion continues to innovate in the field of data productivity, providing powerful analytics at scale and speed. Their services include data loading, transformation, orchestration, and management, supported by a library of pre-built connectors.
How Much Funding Has Matillion Raised?
- Series A
- Amount Raised: $5M
- Date: November 2016
- Lead Investors: YFM Equity Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop and expand Matillion's cloud-native data integration platform.
- Series B
- Amount Raised: $20M
- Date: March 2018
- Lead Investors: Sapphire Ventures, Scale Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market reach.
- Series C
- Amount Raised: $35M
- Date: June 2019
- Lead Investors: Battery Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series D
- Amount Raised: $80M
- Date: February 2021
- Lead Investors: Lightspeed Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and expand the customer base.
- Series E
- Amount Raised: $150M
- Date: September 2021
- Lead Investors: General Atlantic
- Valuation at Round: $1.5 billion
- Motivation Behind the Round: To support growth and enhance the low-code ETL platform.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: June 2022
- Lead Investors: Snowflake Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen strategic partnerships and expand capabilities.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: November 2022
- Lead Investors: Databricks Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop AI capabilities and enhance data integration services.
Total Amount Raised: $290M
Current Valuation: $1.5 billion
Key Investors
- General Atlantic
- Details: General Atlantic is a leading global growth equity firm with over four decades of experience. They provide capital and strategic support to innovative businesses worldwide.
- Investment Focus Areas: Technology, consumer, financial services, healthcare
- Notable Investments: Airbnb, Alibaba, Uber
- Battery Ventures
- Details: Battery Ventures is a venture capital and private equity firm that invests in technology and innovation-driven companies across all stages. They have a strong track record in the tech sector.
- Investment Focus Areas: Software, IT infrastructure, industrial technology
- Notable Investments: Nutanix, Coupa, Glassdoor
- Sapphire Ventures
- Details: Sapphire Ventures is a venture capital firm that focuses on growth-stage technology companies. They aim to help companies scale and achieve their full potential.
- Investment Focus Areas: Enterprise software, technology
- Notable Investments: Box, LinkedIn, Square
- Scale Venture Partners
- Details: Scale Venture Partners is a venture capital firm that invests in early-in-revenue technology companies. They focus on helping companies grow and scale their operations.
- Investment Focus Areas: Technology, SaaS, cloud computing
- Notable Investments: Box, DocuSign, HubSpot
- Lightspeed Venture Partners
- Details: Lightspeed Venture Partners is a venture capital firm that focuses on early and growth-stage investments. They invest in enterprise and consumer sectors, including technology and innovation.
- Investment Focus Areas: Enterprise, consumer, health sectors
- Notable Investments: Snap, Nest, GrubHub
What's Next for Matillion?
Matillion stands at the cusp of significant growth opportunities, driven by the increasing demand for cloud-native data integration and transformation solutions. The platform's ability to simplify data pipeline construction and support a wide range of users positions it well to capitalize on the expanding enterprise data management market. With integrations across major cloud data platforms, Matillion is poised to attract more large enterprise clients, further solidifying its market presence.
Future fundraising appears promising, given the substantial investments already secured and the company's strong valuation. As Matillion continues to innovate and expand its capabilities, additional funding rounds could support further growth and development. However, the company must navigate challenges such as intense competition and the need to keep pace with rapid technological advancements. Ensuring data security and compliance will also be critical as Matillion scales its operations.
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