HomeFundingManchester-based Matillion raises €31 million to scale its data transformation software following...

Manchester-based Matillion raises €31 million to scale its data transformation software following three years of three-digit revenue growth

Based in Manchester, UK, and Denver, CO, Matillion is changing the way data is integrated with its data transformation software for cloud data warehouses. Founded in 2011, the startup has just raised a €31 million Series C round led by Battery Ventures, with participation from existing investors Sapphire Ventures and Scale Venture Partners, bringing the total raised by the company to €53 million.

Matillion lets customers extract data from a wide number of sources, load it into their chosen cloud data warehouse, and transform that data from its siloed source state into useful, analytics-ready data that can be processed and analyzed using AI and machine learning. Built for the cloud, Matillion does this at scale, and speed.

The startup’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.

“It’s our view that every company in the world needs to compete using data,” said Matthew Scullion, CEO of 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.”

Continued strong demand for Matillion’s data transformation software led the company to deliver triple-digit revenue growth in 2018 for the third consecutive year. The investment will allow Matillion to capitalize on its leading market position while accelerating growth, and extending the capabilities of its flagship product line, Matillion ETL.

“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,” said Dharmesh Thakker, general partner at Battery Ventures. “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.”

Mary Loritz
Mary Loritz
Mary served as Head of Content at EU-Startups.com from November 2018 until November 2019. She is an experienced journalist and researcher covering tech and business topics.

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