Total amount raised
$70 Millions
Latest funding date
06/01/2024
Location
Tinybird has successfully raised significant funding over multiple rounds, with the latest being a Series B round. The platform is designed to help developers and data teams build data products over analytical data at any scale, offering real-time insights and business value.
Keep reading to explore the intricacies of Tinybird's fundraising journey and the investors backing this innovative platform.
What Is Tinybird?
Tinybird, founded in 2019, is a data platform that helps developers and data teams build data products over analytical data at any scale. The company is headquartered in New York, New York, and focuses on converting data into real-time insights, actions, and values.
The platform offers tools such as low-latency, high-concurrency APIs with SQL and APIs, making it easier for developers to create scalable, secure, real-time analytics APIs without complex infrastructure. Tinybird's founders include Javier Santana, Javier Álvarez Medina, Jorge Gómez Sancha, Raul Ochoa, and Sergio Álvarez-Leiva.
With a team of 51-100 employees, Tinybird continues to innovate in the field of data analytics, providing a robust backend for applications that require fast and efficient data processing capabilities.
How Much Funding Has Tinybird Raised?
- Seed Round
- Amount Raised: $3M
- Date: July 2021
- Lead Investors: Crane Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial development and scaling.
- Series A
- Amount Raised: $37M
- Date: April 2022
- Lead Investors: CRV, Singular
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support growth and development.
- Series B
- Amount Raised: $30M
- Date: June 2024
- Lead Investors: Balderton Capital
- Valuation at Round: $240M
- Motivation Behind the Round: To accelerate growth, enhance product offerings, and expand global footprint.
Total Amount Raised: $70M. Current Valuation: $240M.
Key Investors
- Balderton Capital
- Details: Balderton Capital is a leading venture capital firm that invests in early-stage technology companies. They are known for their focus on European startups and have a strong track record of successful investments.
- Investment Focus Areas: Early-stage technology companies, software, fintech, consumer internet.
- Notable Investments: Revolut, Citymapper, The Hut Group.
- CRV (Charles River Ventures)
- Details: CRV is a venture capital firm that invests in early-stage companies across various sectors, including technology, consumer, and healthcare. They have a long history of successful investments and are known for their hands-on approach to supporting portfolio companies.
- Investment Focus Areas: Technology, consumer, healthcare.
- Notable Investments: Twitter, DoorDash, Zendesk.
- Singular
- Details: Singular is a venture capital firm that focuses on investing in early-stage technology companies. They aim to support innovative startups with the potential for significant growth.
- Investment Focus Areas: Early-stage technology companies, innovative solutions, high growth potential.
- Notable Investments: Specific notable investments are not detailed.
- Crane Venture Partners
- Details: Crane Venture Partners is a venture capital firm that invests in early-stage technology companies, particularly those in the enterprise software sector. They provide both financial and strategic support to help companies scale.
- Investment Focus Areas: Early-stage enterprise software companies, innovative business solutions.
- Notable Investments: Specific notable investments are not detailed.
What's Next for Tinybird?
Tinybird stands at the cusp of significant opportunities, driven by the increasing demand for real-time data products. The platform's ability to transform large amounts of data into real-time APIs positions it to cater to a wide range of applications, from user-facing analytics to operational management. With a valuation of $240 million and a robust client base, the potential for growth is immense.
Future fundraising seems promising, given the successful Series B round and the company's ambitious growth plans. Tinybird's focus on enhancing product offerings and expanding its global footprint suggests that additional funding rounds could be on the horizon to support these initiatives.
However, challenges such as maintaining rapid innovation, scaling operations, and managing competition from other real-time data platforms could pose hurdles. Ensuring seamless integration with various cloud platforms and staying ahead of technological advancements will be crucial for Tinybird's continued success.
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