Leading VC specialists at UK law firm Shoosmiths have advised cloud data integration platform Matillion on its $100m Series D funding round.
The round was led by Lightspeed Venture Partners, with participation from existing investors Battery Ventures, Sapphire Ventures and Scale Venture Partners, as well as venture debt financing from Silicon Valley Bank’s U.K. branch.
Matillion makes the world’s data useful with an easy-to-use, cloud-native data integration and transformation platform. The funding will fuel the company’s growth, as it meets exploding demand for cloud data integration for global enterprise organizations such as Amazon, Siemens, Subway, Novartis, Slack, and Accenture.
Shoosmiths partner Steve Barnett led the advice, along with corporate principal associate Adam Meisels, senior associate Bryn Jones and associate Kendra McCullough. Incentives partner Anika Chandra also advised, whilst banking and finance partner Liz Sweeney led a team which included senior associate Alice Casey and corporate senior associate Leah Cairney on the SVB financing arrangements.
“Modern data teams are facing an influx of data from across the enterprise, while under immense pressure to rapidly deliver the actionable insights required to compete in today’s digital economy,” said Matthew Scullion, CEO of Matillion.
“Simply put, Matillion makes data useful. Matillion accelerates the value of today’s cloud data platforms, ensuring that data teams can work smarter and faster. We look forward to our next phase of growth, as we empower more enterprise customers with efficient, affordable and flexible solutions that turn data into their most strategic asset. The Shoosmiths’ team once again delivered pragmatic and commercial advice which enabled the round to complete to a tight timeline.”
Shoosmiths’ Steve Barnett, said: “It’s great to see Matillion going from strength to strength, and we are pleased to help the company achieve another significant funding milestone, having also advised on its Series B and Series C financings.”
The Shoosmiths’ venture capital team is one of the UK’s most active teams for venture and growth capital transactions, advising on upwards of 150 deals each year. Our team acts on the entire life cycle of a company’s business, from early-stage and seed investment rounds, through Series A, B and later institutional rounds, and on to exit.