Keboola, a Prague, Czech Republic-based data platform-as-a-service startup, raised a $4.5 million seed funding round led by Prague-based Presto Ventures (which backed Okredo).
Reflex Capital, the VC fund of Mall Group founder Ondřej Fryc, and several prominent angel investors, including Eduard Kučera, founder of Avast, and Tomáš Čupr, founder of Rohlik Group, also participated in the round.
The funds will be used to accelerate growth in Europe and North America.
Keboola had been entirely self-funded and operating in bootstrap mode prior to this funding round. Keboola is on track to generate more than $8 million in annual subscription revenue (ARR) in 2022. It also expects to more than double its revenue by 2023.
Pavel Doležal, co-founder and CEO of Keboola, said: “We believe in the potential of data and AI to fundamentally transform any business. But this requires tons of time and money to build and maintain infrastructure. Today, only Amazon, Google, and a handful of other companies are really able to make the most of their data. We want to unlock the data opportunity for all others.”
Among its clients are RBI (restaurants), DXC, ProductBoard, Mall Group, and Rohlik Group, which work in a variety of industries including retail, e-commerce, marketing, financial services, and hospitality.
Company: Keboola Group
Raised: $4.5M
Round: Seed Round
Funding Month: November 2022
Lead Investors: Presto Ventures
Additional Investors: Reflex Capital, Ondřej Fryc, Eduard Kučera, and Tomáš Čupr
Company Website: https://www.keboola.com/
Software Category: Cloud Integration Software
About the Company: Founded by Petr Šimeček, Pavel Doležal, and Milan Veverka in Prague, Keboola is a fully scalable platform built on Snowflake that provides a unique solution for every data-driven company. The platform provides integrations, automation, and a unified interface for companies’ myriad data analysis apps and tools. The open platform allows outside app integrations and flexible coding language options. Keboola enables data engineers, data analysts, and analytics engineers to collaborate on analytics and automation as a team, from extraction, transformation, data management, and pipeline orchestration to reverse ETL. Now, Keboola has a team of 80, which is 75% male and 25% female, with a commitment to continue to promote diversity across all levels of the organization, from the leadership team down.
Source: https://techfundingnews.com/keboola-addresses-need-for-operating-system-for-data-raises-4-5m-to-grow-in-europe-north-america/