Nexla Raises $18 Million in Funding

by Kay Aloha Villamor in July 31st, 2023

Nexla, a San Mateo, CA-based data operations platform, has evolved over the years to help customers build applications based on the data it manages and processes, with a focus on efficiency over growth, the company attracted an $18 million investment.

The funding round was led by Shield Capital, with participation from existing investors such as Blumberg Capital, Engineering Capital, Storm Ventures, Industry Ventures, and Liberty Global. 

Shield Capital partner Mike Brown will be joining Nexla's board as part of the agreement.

Nexla's core concept now revolves around data products, enabling users to integrate, share, and collaborate with data within the platform.

Founder and CEO Saket Saurabh says that putting the data inside his software to work is the end goal now. “So we ended up with this very powerful concept of data products that we have built out, and the data product has become a central thing that then enables you to integrate the data in Nexla to share the data and collaborate with it.” he told Techcrunch.

The company has big-name customers, including DoorDash, Johnson & Johnson, LinkedIn, and American Express. Currently, Nexla has close to 100 employees and plans to expand to 150 in the coming months.

Company: Nexla, Inc.

Raised: $18.0M

Round: Series A1

Funding Month: July 2023

Lead Investors: Shield Capital

Additional Investors: Blumberg Capital, Engineering Capital, Storm Ventures, Industry Ventures, and Liberty Global

Company Website:

Software Category: Data Fabric Software 

About the Company: Founded in 2016 by Saket Saurabh, Avinash Shahdadpuri, Jarah Euston, and Jeff Williams, with the mission to make ready-to-use data available to anyone, anywhere. Nexla offers a scalable and secure data operations platform that manages inter-company data collaboration which allows business users to send, receive, transform, and monitor data via an easy-to-use web interface.


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