GoodData Raises $25 Million, Tenaya Capital Leading It

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Providing a Cloud-Based Platform

GoodData, a company that provides a cloud-based platform that enables more than 6,000 global businesses to monetize big data, has closed US$25 million in Series C funding, the company announced in a press release.

Tenaya Capital, a venture capital firm that invests in high-growth technology companies, led the third round of financing together with new investor NextWorld Capital and existing investors Andreessen Horowitz, General Catalyst Partners, Fidelity Growth Partners and Windcrest Partners. To date, the company has raised a total of US$53.5 million.

Investing in Technology Innovation

According to the company the new funding will be used to invest in technology innovation and build sales and marketing programs to raise awareness and accelerate adoption of its cloud-based, disruptive technology platform.

GoodData

A New Generation of Business Data Platform

Investors of the third cycle are also optimistic about GoodData. They believe that Stanek and his team have built an exceptional company and pioneered a new generation of business data platform.

“Next World Capital looks to invest in the fastest growing tech companies with disruptive technology and category-leading potential on a global scale,” says Brian Paul, managing director of Tenaya Capital. “We believe GoodData is the leader in the business data space and we are excited to join this great team and its investors.”

Next Phase of Growth

“We are thrilled to welcome Tenaya Capital and Next World Capital to the GoodData team,” says Craig Hanson, general partner of Next World Capital. “These firms bring a wealth of knowledge and experience in the enterprise space, which will be key in helping the company as it embarks upon the next phase of its growth.”

Since its founding, GoodData now has more than 6,000 customers at leading global organizations that have adopted to monetize their data. In 2011, the company posted 600 percent bookings growth and more than doubled employees and customers, making GoodData one of the fastest growing companies in the space.

GoodData and Tenaya Capital

GoodData is headquartered in San Francisco and is backed by Andreessen Horowitz, General Catalyst Partners, Fidelity Growth Partners, Next World Capital, Tenaya Capital and Windcrest Partners.

Tenaya Capital is a venture capital firm with over $1 billion under management. The firm invests in high-growth technology companies in the enterprise software, consumer Internet, IT infrastructure, communications and electronics sectors.

Next World Capital (NWC) is an international expansion-stage venture capital firm that invests in leading enterprise software, mobile and consumer internet companies. It has US$200 million of assets under management and offices in San Francisco, Paris, and Brussels.