Total amount raised
$19.1 Million
Latest funding date
04/01/2022
Location
Mozart Data has successfully raised funds through three rounds, with the latest being a Series A round led by Craft Ventures. The company is backed by 14 investors, including notable names like Tapestry VC and Y Combinator.
Keep reading to explore the intricacies of Mozart Data's fundraising journey and the investors backing this innovative platform.
What Is Mozart Data?
Mozart Data, based in San Francisco, California, offers a modern data platform designed to simplify data workflows for growing businesses. The company operates in various sectors, including analytics, cloud data services, data storage, data visualization, software, and software engineering.
With a team of 11-50 employees, Mozart Data provides tools for ETL, data warehousing, and data transformation, making data management more efficient and accessible. Their platform is tailored for different industries and roles, helping businesses make faster and more informed decisions.
How Much Funding Has Mozart Data Raised?
- Seed Round
- Amount Raised: USD 125,000
- Date: August 2020
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build the initial platform and provide an out-of-the-box data stack solution for startups.
- Seed Round
- Amount Raised: USD 4,000,000
- Date: November 2020
- Lead Investors: Array Ventures, Craft Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To simplify the data infrastructure setup process and support the company's growth.
- Series A
- Amount Raised: USD 15,000,000
- Date: April 2022
- Lead Investors: Craft Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team, enhance the platform, and introduce new offerings.
Total Amount Raised: USD 19,125,000. Current Valuation: Not publicly disclosed.
Key Investors
- Craft Ventures
- Details: Craft Ventures is a venture capital firm co-founded by David Sacks, known for investing in early-stage technology companies. Brian Murray, partner and COO at Craft Ventures, emphasizes the importance of data for businesses and praises Mozart Data for its ability to help companies quickly set up a modern data stack.
- Investment Focus Areas: SaaS, Marketplaces, Fintech
- Notable Investments: Slack, Bird, Reddit
- Array Ventures
- Details: Array Ventures is a venture capital firm focused on solving impactful problems through technology. They have been involved in funding Mozart Data since its early stages.
- Investment Focus Areas: AI, Enterprise software, Healthcare
- Notable Investments: Mattermost, Ironclad, Truework
- Y Combinator
- Details: Y Combinator is a startup accelerator that has funded over 2,000 startups. Mozart Data emerged from Y Combinator's Summer 2020 cohort.
- Investment Focus Areas: Technology, Consumer internet, Healthcare
- Notable Investments: Airbnb, Dropbox, Stripe
- Goldcrest Capital
- Details: Goldcrest Capital is a venture capital firm that participated in Mozart Data's Series A funding round. They focus on investing in transformative technology companies.
- Investment Focus Areas: Technology, Consumer, Enterprise
- Notable Investments: SpaceX, Palantir, Lyft
- Valor Equity Partners
- Details: Valor Equity Partners is a private equity firm that invests in high-growth companies. They were part of the Series A funding round for Mozart Data.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Tesla, SpaceX, Addepar
What's Next for Mozart Data?
As Mozart Data continues to grow, the integration with Snowflake and the expansion of their product offerings present significant opportunities. The company's mission to simplify data infrastructure for startups and businesses of all sizes positions them well in a market increasingly focused on efficient data management solutions.
With a 500% increase in annual recurring revenue since their seed round, future fundraising opportunities seem promising. The recent $15 million Series A funding round, led by Craft Ventures, indicates strong investor confidence and potential for further investment as the company scales.
However, challenges such as maintaining data reliability, staying competitive, and scaling the platform to meet diverse customer needs remain. As the industry evolves, Mozart Data must continue to innovate and adapt to maintain its edge in the data management space.
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