SaaS startup Hevo Data raises $30 million in Series B round of funding
- ByTejika Bajaj | December 18, 2021
Saas startup Hevo Data recently announced that it has raised $30 million in its Series B round of funding led by Sequoia Capital India. The round also witnessed participation from Qualgro, Lachy Groom, Chiratae Ventures and other prominent angel investors.
As per statements given by the company professionals, the no code data integration platform is likely to utilize the freshly infused funds to scale its sales and marketing efforts, double the focus on building new products as well as build teams in the US and Europe.
Talking about the recent round of fundraise, the Managing Director at Sequoia India, Tejeshwi Sharma expressed, “Data has become one of the most important business inputs in the last decade. Hevo Data is building foundational infrastructure to enable bi-directional mobility of data. The more mobile data becomes within organisations, the more useful it shall be. We are impressed by the product DNA of the company – the secret behind the widely-loved product combines the duality of technical sophistication and consumer-grade experience. Sequoia Capital India is delighted to double down on the partnership with Hevo and lead the Series B round.”
Founded in 2017 by IIT alumni Manish Jethani and Sourabh Agarwal, Hevo Data is a no-code data integration platform which has customers across 40 countries including Asia Pacific, United States, and Europe. Hevo claims to support over 100 pre-built integrations across databases, SaaS applications, cloud storage, software development kits (SDKs), and streaming services. In early 2022, the company also plans to launch its second product called Reverse ETL, which allows businesses to use their data to make real-time decisions in their daily operations, the statement said.
Follow Startup Story
Related Posts
