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Open Source database developer MariaDB picks up $27M from the EIB

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Ronnie Allen
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p As open source database architecture continues to grow in popularity, one of the bigger developers in the area has picked up some funding to target the opportunity.

MariaDB Corporation, the company that develops solutions and contributes to the open-source SQL fork managed by the MariaDB Foundation, today announced that it has raised €25 million ($27 million) from the European Investment Bank (EIB), money that it plans to use to build out its sales team and more products for the platform, which today include the MariaDB Server, the MaxScale database proxy, the ColumnStore distributed data storage engine; and services like technical support, training and more.

“It is attractive to us as it unlocks a significant amount of capital to fund our continued growth while at the same time keeping dilution to a minimum.”

The company and the EIC are both not commenting on valuation, however.

This is the first time that the EIB has backed MariaDB, which was founded and continues to have offices in Helsinki, Finland (with its second HQ in Menlo Park).

Tech investments are not the sole recipients of Juncker Plan funding, but it’s a clear opportunity — particularly when you consider the relative scarcity of funding for growth rounds for European startups, many of which have found it easier to raise seed rounds here, but eventually look migrate their businesses to the U.S. in part to be closer to VCs who are willing to work with them (and fund them) for later stages.

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Ronnie Allen
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