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GoodData Raises $25 Million Series C Funding

By TechTaffy Desk

[Techtaffy Newsdesk]

Cloud BI company GoodData has closed $25 million in Series C funding led by Tenaya Capital, with participation from new investor Next World Capital, and existing investors Andreessen Horowitz, General Catalyst Partners, Fidelity Growth Partners and Windcrest Partners. The company has raised $53.5 million in total to date.

More than 6,000 customers have adopted GoodData to monetize their data, says the company. In 2011, GoodData posted 600 perc ent bookings growth and more than doubled employees and customers.

Roman Stanek (Founder and CEO, GoodData): It’s time to pull the plug on the old business intelligence model — it’s clear that it is obsolete.

Brian Paul, managing Director at Tenaya Capital is joining the company’s board of directors. Other existing board members include John O’Farrell, General Partner at Andreessen Horowitz; Larry Bohn, Managing Director of General Catalyst Partners; James Gellert, Partner at Windcrest Partners, Dave Girouard, former General Manager of Google Enterprise, and Roman Stanek, founder and CEO of GoodData.

 

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