The data platform Keboola has secured $32 million in a Series A funding round led by the private American fund Viking Global Investors. Keboola's mission is to connect and integrate all corporate data into a single comprehensive service (Data Stack as a Service). This new approach to corporate data gives customers full control over their data through a single platform.
Largest Series A Investment Round in Central and Eastern Europe
Keboola's investment follows a previous funding round of $5 million. As of early December, the $32 million represents the largest Series A investment round in Central and Eastern Europe for 2023.
"Investment will help us accelerate strategic growth in European and UK markets and prepare for expansion into the USA in 2024," says Pavel Doležal, CEO of Keboola.
"We are grateful for the feedback from our clients, who perceive that thanks to Keboola, they now have full control over their data and processes. It also shows that Keboola is a key springboard for implementing AI technologies in the business environment," explains Doležal.
Control over data is key for users, regardless of the complexity of the data project – whether it's automating simple processes or implementing demanding business projects in artificial intelligence. Keboola allows customers to connect, transform, and automate data, increasing efficiency and reducing costs. Data teams can then focus on work with the highest added value.
The European online supermarket and the Czech Republic's first 'unicorn', Rohlik Group, built its entire data infrastructure on Keboola. For its data team of just thirty people, it enables processing a million purchases daily.
"All our data is based on Keboola. The simplicity of their solution allows us to work quickly with data across the company and facilitates business decisions for all users," says Tomáš Čupr, CEO of Rohlik Group.
Another significant customer is the American restaurant chain Firehouse Subs, which consolidates the data needs of its more than 1,200 franchises with Keboola, saving thousands of work hours. Other well-known customers include Publicis Groupe, Deloitte, Erste Group, BNP Paribas, and Allegro.
"We've used Keboola in previous ventures, our portfolio startups, and companies investing in our funds. So, when the founders were looking for the first investment to kickstart global expansion last year, we couldn't miss it. We appreciate that they approached us. Among enterprise software originating from the Czech Republic, you'll be hard-pressed to find a bigger love brand than Keboola. The current record investment confirms that we can look forward to another great global success of Czech tech entrepreneurs in the future," comments the investment by Přemysl Rubeš, founding partner of the investment firm Presto Ventures, which led the previous seed round last year.
Keboola has users encoded in its DNA, and data teams worldwide appreciate it. In addition to advanced data solutions, it is also used in teaching, for example, in the Czechitas educational platform. Users, both male and female, who learned the basics of data work on Keboola often rely on it throughout their careers.
Behind Inventions Joined the Series A
All previous institutional investors and individuals from the last funding round, including Behind Inventions, Presto Ventures, Reflex Capital, TCF Capital, Damir Špoljarič with the Gi21 fund, Eduard Kučera, Giuliano Gianetti, and Michael Poplar, joined the Series A.
More about Keboola on their website here↗
Source of the photograph: Forbes.cz
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