How Much Did MariaDB Raise? Funding & Key Investors

MariaDB has successfully raised significant funding through various rounds, with the latest being a "Post-IPO Debt" round that closed on October 10, 2023. The company is backed by a diverse group of investors, including RP Ventures and OnCorps.

Keep reading to explore the intricacies of MariaDB's fundraising journey and the investors backing this innovative platform.

What Is MariaDB?

MariaDB, founded on October 29, 2009, is an enterprise open-source database company headquartered in Milpitas, California. The company was founded by Max Mether and Michael Widenius.

Operating in industries such as cloud management, database, and enterprise software, MariaDB employs between 251-500 people. The company offers a range of products, including MariaDB Enterprise Server and MariaDB Community Server, and is known for its innovative and scalable database solutions.

How Much Funding Has MariaDB Raised?

1. Post-IPO Debt
   • Amount Raised: $26.5M
   • Date: October 2023
   • Lead Investors: RP Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To manage financial challenges and support ongoing operations and strategic initiatives.
2. Post-IPO Equity
   • Amount Raised: $18M
   • Date: December 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the company's growth and market expansion.
3. Series D
   • Amount Raised: $104M
   • Date: February 2022
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate product development and expand market reach.
4. Series C
   • Amount Raised: $25M
   • Date: July 2020
   • Lead Investors: SmartFin
   • Valuation at Round: Approximately $680M
   • Motivation Behind the Round: To expand SkySQL operations and support the company's innovation in cloud database technology.
5. Series C
   • Amount Raised: Not publicly disclosed
   • Date: September 2018
   • Lead Investors: ServiceNow
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the company's growth and development.
6. Series C
   • Amount Raised: $27M
   • Date: September 2017
   • Lead Investors: Alibaba Group
   • Valuation at Round: $340M
   • Motivation Behind the Round: To support the company's growth and development, including the initial development of SkySQL.
7. Venture Round
   • Amount Raised: €25M
   • Date: May 2017
   • Lead Investors: European Investment Bank
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the company's growth and market expansion.
8. Series B
   • Amount Raised: $3M
   • Date: April 2016
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the company's growth and product development.
9. Series B
   • Amount Raised: $9M
   • Date: January 2016
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support the company's growth and product development.
10. Series B
    • Amount Raised: €3M
    • Date: February 2015
    • Lead Investors: Not publicly disclosed
    • Valuation at Round: Not publicly disclosed
    • Motivation Behind the Round: To support the company's growth and product development.

MariaDB has raised a total of $237.5M. The current valuation is approximately $680M.

Key Investors

• RP Ventures
  • Details: RP Ventures is a venture capital firm that invests in innovative technology companies. They are known for supporting early-stage startups with high growth potential.
  • Investment Focus Areas: Technology, software, cloud computing.
  • Notable Investments: Not publicly disclosed.
• SmartFin Capital
  • Details: SmartFin Capital is a Belgian venture capital firm that focuses on investing in technology companies. They led the latest $25 million funding round for MariaDB.
  • Investment Focus Areas: Technology, fintech, software.
  • Notable Investments: Not publicly disclosed.
• GP Bullhound
  • Details: GP Bullhound is a technology advisory and investment firm that focuses on high-growth technology companies. They participated as a new investor in the latest funding round for MariaDB.
  • Investment Focus Areas: Technology, digital economy, high-growth startups.
  • Notable Investments: Not publicly disclosed.
• Alibaba Group
  • Details: Alibaba Group is a multinational conglomerate specializing in e-commerce, technology, and cloud computing. They led the initial $27 million Series C round in September 2017 for MariaDB.
  • Investment Focus Areas: E-commerce, technology, cloud computing.
  • Notable Investments: Various companies across e-commerce, cloud computing, and technology sectors.
• European Investment Bank
  • Details: The European Investment Bank is the lending arm of the European Union, providing finance and expertise for sustainable investment projects. They are listed as one of MariaDB's backers.
  • Investment Focus Areas: Infrastructure, innovation, SMEs.
  • Notable Investments: Various projects across Europe.

What's Next for MariaDB?

MariaDB's future looks promising with the expansion of its SkySQL cloud database platform. The company is poised to capitalize on the growing demand for Database-as-a-Service (DBaaS) solutions, leveraging its customizable database options and enterprise-class security features. With customers in 35 countries and notable clients like Deutsche Bank and Verizon, the market potential is substantial.

As SkySQL continues to grow, MariaDB may explore additional fundraising opportunities, potentially leading to an IPO. The company plans to scale its technical development and site reliability engineering teams, ensuring robust support for its expanding operations. However, challenges such as intense competition from established players like Oracle and Amazon, and the need to maintain high service quality, remain.

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