Tembo Secures $14 Million in Series A

by Kay Aloha Villamor in July 4th, 2024

Tembo, a Cincinnati, Ohio-based managed service for Postgres, has secured $14 million in Series A funding. 


The round was led by GreatPoint Ventures, with participation from Venrock, Grand Ventures, Wireframe Ventures, Defined Capital, Cintrifuse Capital, and several prominent angel investors. 

GreatPoint Ventures is an early-stage venture capital firm based in San Francisco, California. The firm invests between $250k and $20m in Seed, A, and B rounds, most often leading Series A rounds. Its mission is to partner with entrepreneurs to solve big problems across enterprise, healthcare, biotech, and food. 

Tembo Use of Funds 

The company plans to utilize the new funds to continue growing ARR through strategic hires and advertising, focus on product development, and strengthen its presence in the developer community. 

About Tembo 

Tembo provides a Postgres-managed service that allows organizations to fully utilize the Postgres database for transactional, analytical, and AI workloads across any cloud. From Fortune 500 companies to startups, Tembo ensures stability and efficiency, enabling organizations to confidently go all in on Postgres. Its mission is to collapse the sprawl of the modern data stack by leveraging Postgres, the world's most advanced open-source relational database. Tembo empowers developers to use Postgres for all of their growing data capture and storage needs, something every organization is rethinking with the explosion of AI and its data demands.  

Funding Details     

Company: Tembo Data Systems, Inc.  

Raised: $14.0M                             

Round: Series A  

Funding Month: July 2024                                                                                                     

Lead Investors: GreatPoint Ventures   

Additional Investors: Venrock, Grand Ventures, Wireframe Ventures, Defined Capital, Cintrifuse Capital, Angel investors  

Company Website: https://tembo.io/   

Software Category: Postgres Developer  

Source: https://www.businesswire.com/news/home/20240703585965/en/     

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