ICON Corporate Finance advises Bath-headquartered Event Store on Series A investment

Funding | South West | Technology
Monica Shupikai Simmons

Tech-focused investment bank, Bristol-based ICON Corporate Finance, has advised Bath-headquartered Event Store Limited on its strategic investment from Qualasept Holdings (QH).

Event Store is the company behind EventStoreDB, the open source event stream database, founded in 2011. Initially incubated within QPH, Event Store’s success across multiple sectors brought about the spin-out and strategic investment.

Monica Shupikai Simmons, Director at ICON Corporate Finance, who led the transaction, commented: “We are delighted to be advising the team at Event Store on this significant step on their journey. EventStoreDB’s record and audit technology is critical to harnessing the full power of database technology. This is a transformational development in the industry.”

Companies around the world use Event Store’s database to provide a robust records environment, especially in sectors with strong audit requirements such as financial services and healthcare. These include Walmart, Xero, Insureon, Linedata, Made.com, UK National Health Service, and Swiss Air Traffic Control.

Ben Kolada, Director, Head of DataTech at ICON Corporate Finance in San Francisco said: “As applications increasingly move toward event-driven architectures, foundational platforms like EventStoreDB will be a critical first source of truth in capturing and enabling analysis of event data. This technology will generate meaningful and measurable value across multiple industries.”

Dave Remy, CEO of Event Store, commented: “From the time Greg Young and the Event Store team released EventStoreDB in 2012, it has been the go-to database for CQRS and Event Sourcing projects around the world and across technology stacks. This investment represents a new stage for Event Store and EventStoreDB, making it accessible to more developers via Event Store Cloud, with enhancements to improve developer experience, scalability, as well as, over time, the ability to introduce new products and services to help developers successfully build systems within an event-driven architecture.”

Event Store was advised by ICON Corporate Finance. QH was advised by BDO, Roxburgh Milkins Limited, and Alantra.

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