Helsinki-based open-source cloud database software developer Aiven has announced its new valuation of $3B after closing $210M Series D. The round led by Eurazeo saw participation from BlackRock as well as existing investors IVP, Atomico, Earlybird, World Innovation Lab and Salesforce Ventures. The Finnish unicorn’s software enables small and large-scale organizations to solve complex database cases by providing open-source data technologies. The latest capital will give a boost to its expansion on a global level. The company will also be able to grow its team to manage the expansion and further with its sustainability program.
Aiven Raises $210M to Invest in Sustainable Open Source Cloud
With its most recent funding round, Aiven plans to build on its mission to make developers lives better by establishing a global sustainability and social impact program
Aiven, a software company that combines the best open source technologies with cloud infrastructure, today announced it raised $210M in its Series D at a pre-money valuation of $3B. The round was led by Eurazeo, and joined by funds and accounts managed by BlackRock as well as existing investors IVP, Atomico, Earlybird, World Innovation Lab and Salesforce Ventures.
The company has increased its headcount by more than 65% since October 2021 and aims to use the new funding to continue its international expansion, reaching beyond its newest hubs in Japan, Singapore and New Zealand, to other parts of the Asia-Pacific and Latin America regions. Aiven looks to double its current number of employees in 2022 to help develop new platform capabilities and launch a global sustainability program, with the goal of enabling collective action within the Aiven community to build more sustainable applications in the cloud.
Following last year’s initiatives, including the establishment of a formal Open Source Program Office and the launch of Aiven’s startup program, Cluster, the company is committed to further democratizing access to best-of-breed data technologies, reducing the environmental impact of cloud services and increasing diversity and inclusion at Aiven and in the tech industry more broadly.
“Aiven’s mission is to make developers’ lives better, to help them build better applications,” said Oskari Saarenmaa, CEO and co-founder at Aiven. “Further investing in supporting open, community driven development of software and sustainable use of cloud services is a natural extension of what we value and have always wanted to achieve with Aiven.”
“Aiven is a prime showcase of a European-born champion on a trajectory of global category leadership. Its differentiated platform approach truly caters to the developer community by democratizing access to open-source technologies hosted on any cloud. The company has seen rapid adoption by customers across all sizes and industries with a demonstrated track record of product-led growth.
Sustainability is a key part of our investment thesis at Eurazeo and seeing Aiven being committed to combining a stellar financial profile with sustainability further strengthened our high conviction on embarking on the joint journey with Aiven to build the go-to platform for developers.” said Zoé Fabian, Managing Director at Eurazeo – Growth.