US-based database software provider Hasura received $25m yesterday in a series B round featuring Strive VC and SAP.iO, which invested on behalf of digital media company Gree and enterprise software producer SAP.
Venture capital firm Lightspeed Venture Partners led the round, which included VC funds Vertex Ventures US and Nexus Venture Partners. Gaurav Gupta, a partner at Lightspeed, has taken a seat on the company’s board of directors.
Hasura has created an engine for GraphQL, an open-source data query and manipulation language for application programming interfaces, that makes accessing databases easier for software developers.
Tanmai Gopal, co-founder and chief executive of Hasura, told TechCrunch: “We have been seeing rapid enterprise traction in 2020.
“We have wanted to accelerate our efforts investing in the Hasura community and our cloud product that we recently launched and to ensure the success of our enterprise customers. Given the VC inbound interest, a fundraise made sense to help us step on the gas pedal and give us room to grow comfortably.”
Nexus Venture Partners led the company’s $1.6m seed round in 2018, investing alongside Strive VC (then known as Gree Ventures). Both returned for a $9.9m series A in February this year that was led by Vertex Ventures US and backed by SAP.iO and various angel investors.
