MariaDB Corporation, a Finland-based database technology developer backed by e-commerce group Alibaba and chipmaker Intel, raised $25m in additional series C funding yesterday.
Private equity firm SmartFin Capital led the tranche, which included investment banking firm GP Bullhound and unnamed existing investors. It brought the company’s total funding to more than $125m and doubled its valuation, CEO Michael Howard said in a statement.
Founded in 2009 as SkySQL, MariaDB has built an open-source database management software platform that can be integrated into other cloud-based enterprise software tools on different devices.
The company was reportedly valued at roughly $355m when it closed the $27m second tranche of the series C round in November 2017 to take its size to $54m. Alibaba led the second close, investing with Intel unit Intel Capital, California Technology Ventures, Tesi, SmartFin Capital and Open Ocean.
European Investment Bank had provided the first $27m six months earlier, after MariaDB had secured $9m from investors including Intel Capital and California Technology Ventures in 2016.
The same two had contributed to a $20m series B round for the company in 2015 with Finnish Industry Investment, Open Ocean and Spintop Private Partners, shortly after it had received $3.4m from Runa Capital.
MariaDB had previously raised a total of $26.5m from Intel Capital, in 2013, California Technology Ventures, Finnish Industry Investment, OnCorps, Open Ocean Capital and Spintop Private Partners.
