As briefly reported in the Deal Monitor, Bow Capital and Target Partners invested a remarkable $ 10 million in the young Cologne startup ArangoDB. ArangoDB has now collected a total of 17 million dollars.
What does this company offers?
Founded in 2014 by Claudius Weinberger and Frank Celler, the company offers an OpenSource NoSQL database. In the future, the startup wants to grow, especially in the US. For this purpose, Weinberger “and his team will perform essential functions such as community management, marketing, human resources and marketing
Building and expanding sales in Silicon Valley
As part of the financing round, the startup moved its headquarters from Cologne to San Francisco. The software and product development will continue to take place in Cologne. “With the financing round, we want to expand our global customer base and double the capacity in the USA, our fastest growing market,” says co-founder Weinberger on the project.