Silicon Valley investors put $20m into south Manchester cloud specialist

Matthew Scullion, CEO, Matillion

South Manchester-based software company Matillion has raised $20m in Series B funding led by two major Silicon Valley investors, Sapphire Ventures and Scale Venture Partners.

Matillion is the maker of cloud data integration tools Matillion ETL for Amazon reshift, Matillion ETL for Snowflake and Matillion ETL for Google BigQuery.

Round participants also included UK-based venture capital trust YFM Equity Partners.

The funding will accelerate Matillion’s sales, marketing, partnerships and R&D to meet demand and boost development of its ETL product line.

It brings the company’s total funding to over $26m. In addition, Andreas Weiskam, managing director, Sapphire Ventures, and Andy Vitus, partner, Scale Ventures Partners, will join the board of directors.

Matillion chief executive Matthew Scullion said: “The thousands of new projects and workloads this creates is in turn driving rapidly increasing demand for our built-for-the-cloud, ELT architecture, data integration tools, as companies want and need to complete with data, quickly and at any scale.

Weiskam said: “Matillion offers a truly differentiated product in a fast-emerging new category. Cloud-based data integration is being adopted by SMEs and large enterprises alike, constituting a large market.

“Matillion is well positioned to grasp this opportunity with a unique product set that is easy to adopt and has an intuitive UI and attractive usage-based pricing model. We are excited to work with Matthew and the Matillion team, to help them take the next steps in hiring, scaling and growing their US presence.”

Vitus added: “With the massive secular shift in data warehousing technology, the ability to connect various data sources to a central cloud repository is business critical and this is exactly the problem Matillion is solving.”

The company, based in Altrincham, and Manhattanm New York, was founded by Scullion in 2011, alongside chief technology officer Ed Thompson and commercial director Peter McCord.

Matillion was advised by the Manchester office of leading commercial law firm Shoosmiths, led by corporate partner Karen Procter and venture specialist partner Steve Barnett in London and assisted by Ben Dredge. Arma Partners, an independent corporate finance adviser, also acted for the company.

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