Opendatasoft, a Paris, France-based leader in data democratization platforms, completed a $25 million funding round.
The round was led by Demeter (through its Paris Fonds Vert fund) with participation from existing investors, including the Banque des Territoires, and two other new backers, ODYSSÉE Ventures and Eiffel Investment Group.
The company intends to use the funds to scale its operations, accelerate international, and vertical market expansion, strengthen its presence in North America by expanding its existing Boston office, as well as boost activities in Australia and across Europe, including entering new vertical markets, such as retail, services, and healthcare.
Funding Month: January 2022
Lead Investors: Demeter
Additional Investors: Banque des Territoires, ODYSSÉE Ventures, and Eiffel Investment Group
Company Website: https://www.opendatasoft.com/
Software Category: Data democratization platforms
About the Company: Led by Jean-Marc Lazard, CEO, and co-founder, Opendatasoft provides a SaaS platform that allows all teams to quickly create compelling digital experiences with their data and share them across their internal and external ecosystems. This allows customers to accelerate digital transformation and development, transform their operations and establish more transparent relationships with their stakeholders. More than 300 organizations around the world have adopted Opendatasoft’s platform. They include large enterprises such as Schneider Electric, Groupe BPCE, SFR, Veolia, Enedis, and Saint-Gobain, government departments, and major cities such as Paris, Vancouver, Lille, Bristol, Namur, and Eindhoven.