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![]() The large amount of funding allows ArangoDB to expand their services while focusing on customer success with increased sales support capabilities provided by enhanced customer service and marketing efforts around data. Additionally, ArangoDB will use the funds to expand marketing and customer education efforts under the “future of data” banner. ![]() The new funding will enable ArangoDB to accelerate its commitment to customer success, further strengthen its worldwide sales and support capabilities, and continue its focus on delivering high quality production-ready features. The investment round was advised and structured by PwC Legal. The investment will fuel ArangoDB’s continued growth and product development, as the company continues to expand its footprint in the cloud database market.ĪrangoDB, a global provider of multi-model database solutions, announced it has secured €7.35 million in funding from Iris Capital, a leading early stage and technology venture capital fund. PwC Legal advises Iris Capital on investment in ArangoDBīusiness software company ArangoDB has secured a major funding round led by venture capital firm Iris Capital and advised by PwC Legal. This accompaniment highlights PwC Legal’s ability to assist clients through times of significant business decisions with the highest quality legal advice available in the market today. This included but was not limited to review of corporate documents, deal terms and regulatory considerations which ultimately gave them peace of mind for their significant financial commitment. Its recent investments have included ArangoDB, an open source database provider TrustMy Pet and Valyoo Technologies.Īs part of this investment round into ArangoDB PwC Legal provided comprehensive advice to Iris Capital on legal matters related to their investment decision. Over the years, the firm has expanded its portfolio to include pivotal investments in emerging areas such as blockchain technology and artificial intelligence (AI). The team at Iris Capital has extensive experience across various sectors thanks to its multi-disciplinary approach. For the last 15 years, Iris Capital has invested in some of the world’s most promising companies including Uber, Spotify, Blablacar and Dailymotion. The fund’s focus areas include digital media, e-commerce, mobile technology, software, Internet of Things (IoT) and sustainable energy. Iris Capital is a venture capital fund that invests in innovative technologies and businesses that have the potential to scale significantly. The specific terms of the transaction were not disclosed. Professional services firm PwC Legal advises Iris Capital on its new investment in ArangoDB. It has more than 100 investments across France, Germany, Belgium & UK with €1 billion assets under management. Iris Capital is one of Europe’s leading early stage venture capital firms that has invested in iconic European startups such as BlaBlaCar and Deezer. Founded in 2014 and headquartered in Cologne, Germany, ArangoDB employs over 70 engineers worldwide and is an active part of the open source software community. ArangoDB simplifies data architectures by combining the functionality of databases like MySQL and MongoDB and graph databases like Neo4j into a single enterprise solution. PwC Legal advises Iris Capital on investment in ArangoDBĪrangoDB is a distributed open source native multi-model NoSQL database, with flexible data models for documents, graphs, and key-values.
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