Matillion, the makers of cloud data integration tools such as Matillion ETL for Amazon Redshift, has announced it has closed a $20 million Series B round of funding led by Sapphire Ventures.
The company, based in Altrincham with an office in New York, was founded by Matthew Scullion in 2011, alongside chief technology officer Ed Thompson and commercial director Peter McCord. Matillion has developed leading-edge software focused on allowing its customers to extract, load and transform data into and on cloud-based data warehouses, quickly and at scale.
The funding will be used to expand sales, marketing, partnerships and research and development to meet increasing demand and further accelerate development of the Matillion ETL product line.
The round brings the company’s total funding to over $26 million. In addition, Angela Warner, Portfolio Director at YFM, Andreas Weiskam, managing director, Sapphire Ventures; and Andy Vitus, partner, Scale Ventures Partners, will join the board of directors.
Commenting on this new investment round, Warner said: “Matillion has demonstrated outstanding growth in the period since YFM invested. The interest and enthusiasm shown in the fundraising process is testament to the quality of the product, the team and the opportunity to scale globally.
“This new investment round will enable the Company to invest in and expand the technical team in Altrincham, to support the continued product development and global expansion as companies of all sizes need the tools the company provides to swiftly and efficiently manage their data and drive their businesses forward.
“We look forward to continuing to work with the team and our new investment partners through the next phase of this exciting journey.”