Aiven Achieves $2B Unicorn Valuation with its Series C Extension  

by Kay Aloha Villamor in October 20th, 2021

 

Aiven, a Helsinki, Finland-based software company that combines the best open-source technologies with cloud infrastructure, announced a $60M Series C extension at a $2B valuation, bringing the total Series C round to $160M. This extension brings Aiven's total funding to date to $210M. 

The round was co-led by existing investors World Innovation Lab and IVP, and with participation from Atomico and others. In a testament to the growth and potential Aiven showcases in its capabilities, several investors increased their capital commitments to Aiven just seven months after the company’s successful $100 million Series C.

 Following the fundraising, the company will expand its reach in the Asia-Pacific region by opening an office in Singapore.

Company: Aiven Ltd.

Raised: $60.0M

Round: Series C extension

Funding Month: October 2021

Lead Investors: World Innovation Lab and IVP

Additional Investors: Atomico

Company Website: https://aiven.io/

Software Category: Open-source data infrastructure

About the Company:  Aiven provides managed open-source data technologies, like PostgreSQL, Kafka, and OpenSearch, on all major clouds. Through Aiven, developers can do what they do best: create applications. Meanwhile, Aiven does what they do best: manage cloud data infrastructure. Aiven enables customers to drive business results from open-source that trigger true transformations far beyond their backyard. As the latest unicorn of the Nordics, Aiven is growing its revenue over 100% year on year and aims to continue maximizing its growth in a journey to becoming the global category leader in managed cloud data infrastructure. Aiven continues its open-source investment with its recently launched open-source program office, solely focused on contributing to the projects that are key to Aiven’s customers. Additionally, Aiven will support promising entrepreneurs and launch its startup program in December. The program participants will get access to Aiven’s expertise and data platform for free for one year. Headquartered in Helsinki and hubs in Berlin, Boston, Toronto, and Sydney

Source: https://www.prweb.com/releases/aiven_achieves_2b_unicorn_valuation_with_its_series_c_extension/prweb18272537.htm

 

 

 


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