MariaDB, based in Redwood City, California, and Helsinki, is the company behind the enterprise open source database used by over 75% of Fortune 500 organizations.
The $25M funding round will be used to accelerate MariaDB’s customizable and cloud-vendor agnostic database-as-a-service, labelled MariaDB SkySQL, to more quickly support the growing demands for cloud databases.
“MariaDB has become a household name in the IT industry,” said Per Roman, Co-founder and Managing Partner at GP Bullhound. ”We have been particularly interested in its focus on bringing the flexibility, security and stability of MariaDB to the cloud. That’s why we’re excited to invest in MariaDB as we see enormous opportunities for their SkySQL product.”
GP Bullhound joins the round as the only new investor, proving its role as a value-added partner with capabilities to support MariaDB through its lifecycle.
GP Bullhound is investing from GP Bullhound Fund V that recently had its first close of €125M focusing on growth-stage businesses in the software industry. The fund follows the successful strategy of its predecessor funds that have invested in companies such as Slack, Klarna, Unity, RavenPack and Believe.
About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the world’s best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com.