Greater Manchester based Software company Matillion is set to accelerate its growth plans after completing a $35m round of funding.
Battery Ventures led the round, bringing Matillion’s total funding to-date to $60m.
Existing investors, Sapphire Ventures and Scale Venture Partners also participated.
Headquartered in Altrincham with offices in New York, Denver and Seattle, Matillion creates data integration tools designed for use with a new generation of cloud data warehouses.
The investment will allow the tech company to capitalize on its leading category position while continuing to deliver accelerated growth, and extend the capabilities of its flagship product line, Matillion ETL.
Continued strong demand for Matillion’s data transformation software, purpose-built for the cloud, led the company to deliver triple-digit revenue growth in 2018 for the third consecutive year.
The new investment accelerates the company’s expansion both within and well beyond its native-built solutions for CDWs.
“It’s our view that every company in the world needs to compete using data,” said Matthew Scullion, CEO at Matillion.
“And most of the time they’ll do this in the cloud. Only the cloud offers the speed, agility, power, and economics to cope with this demand for data insights, and to manage the exponentially growing data volumes and complexities that we work with today.
“As the leader in purpose-built data transformation software for cloud data warehouses, Matillion is perfectly positioned to help our customers compete and win using data.
“That’s why we’re so excited to raise this round, partner with the great team at Battery Ventures, and to once again accelerate our business and the development of our current and future products.”
Dharmesh Thakker, general partner at Battery Ventures, said: “Matillion has built an innovative, cloud-native, data-middleware product from the ground up, and the company partners with some of the fastest-growing cloud-data warehousing platforms that enterprises are deploying today.
“Battery is focused on such cloud-first businesses worldwide - including in Europe - as enterprise IT shifts to the cloud, and the ability to analyze data underpins the digital- transformation process at all companies.
"We’re excited to partner with Matthew and the Matillion team to help drive the next phase of the company’s global growth.
“Matillion has established itself as an essential component to the modern enterprise’s data analytics tech stack,” said Denise Persson, CMO at Snowflake.
“Our shared focus on innovation has made us great partners, and this latest investment reinforces Matillion’s leadership in cloud-native solutions for data transformation.
“We’re excited to see them continue their growth trajectory as they advance their industry-leading technology to serve our joint customers.”
Matillion’s software is used by more than 550 customers across 40 countries, including global companies like Bose, GE, Siemens, Fox and Accenture, as well as high growth, data-centric companies like Vistaprint, Splunk, and Zapier.
Manchester law firm Shoosmiths advised on the deal.
