Total amount raised
$9.3 Millions
Latest funding date
11/1/2022
Location
OneSchema has successfully raised $6.3 million in a seed funding round, attracting investment from BoxGroup, Contrary, Steven Bartel, and 14 other investors. The platform specializes in developing embeddable tools designed to detect and correct errors in CSV data, offering solutions like the Embeddable Importer and Filefeeds.
Keep reading to explore the intricacies of OneSchema's fundraising journey and the investors backing this innovative platform.
What Is OneSchema?
Founded in 2021, OneSchema is based in San Francisco, California. The company specializes in developing AI-powered tools to automate CSV imports, aiming to save engineering time and improve customer activation rates.
OneSchema was co-founded by Andrew Luo and Christina Gilbert. Their platform offers features like an embeddable importer, FileFeeds for recurring imports, and a data normalization engine to handle common formatting errors.
With a team of 11-50 employees, OneSchema continues to innovate in the field of data import automation, providing customizable and intelligent solutions for product and engineering teams.
How Much Funding Has OneSchema Raised?
- Pre-Seed Round
- Amount Raised: $125,000
- Date: August 2021
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their AI-powered tools for automating CSV imports.
- Seed Round
- Amount Raised: $6,300,000
- Date: November 2022
- Lead Investors: General Catalyst
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth, expand operations, and enhance their flagship product.
Total Amount Raised: $6,425,000. Current Valuation: Not publicly disclosed.
Key Investors
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. They have a strong track record of supporting innovative startups.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Airbnb, Stripe, Snap Inc.
- Sequoia Capital
- Details: Sequoia Capital is a prominent venture capital firm known for investing in early and growth-stage companies. They have been instrumental in the success of many tech giants.
- Investment Focus Areas: Technology, healthcare, consumer, enterprise sectors.
- Notable Investments: Apple, Google, WhatsApp.
- Y Combinator
- Details: Y Combinator is a startup accelerator that provides seed funding and mentorship to early-stage startups. They have a reputation for nurturing some of the most successful tech startups.
- Investment Focus Areas: Early-stage technology startups across various sectors.
- Notable Investments: Dropbox, Airbnb, Stripe.
- Elad Gil
- Details: Elad Gil is an individual investor and entrepreneur known for his investments in technology startups. He has a background in both founding and scaling successful companies.
- Investment Focus Areas: Technology startups, particularly in the software and internet sectors.
- Notable Investments: Airbnb, Stripe, Coinbase.
- Contrary Capital
- Details: Contrary Capital is a venture capital firm that invests in early-stage technology companies. They often focus on university-affiliated startups.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Anduril, Zepto, Ramp.
What's Next for OneSchema?
OneSchema stands at the cusp of significant growth opportunities, driven by the increasing demand for efficient data ingestion tools. With their embeddable CSV importer already in use by over 50 companies, the potential to expand into new industries and larger enterprises is immense. The recent $6.3 million funding round will enable them to accelerate growth and enhance their product offerings, positioning them well for future fundraising rounds.
However, the path forward is not without challenges. OneSchema will need to continuously innovate to stay ahead of competitors and address scalability issues as they onboard more clients. Ensuring data security and compliance with various regulations will also be critical as they expand their market presence. Despite these hurdles, the strong backing from high-profile investors suggests a promising future for OneSchema, with potential for further investment and even acquisition by larger tech companies.
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