Home Business NewsBusinessBusiness Growth News TerminusDB closes €3.6m seed round

TerminusDB closes €3.6m seed round

by LLB Finance Reporter
15th Mar 21 11:53 am

TerminusDB today announced that it has raised seed financing of €3.6m to accelerate development of its knowledge graph technology. The round was led by Volta Ventures with participation by Acequia Capital. Existing investors Atlantic Bridge University Bridge Fund and Enterprise Ireland also participated in the round. Sander Vonk of Volta Ventures will join the TerminusDB board. The funds will be used to hire new staff to help TerminusDB grow its user base and launch new products.

Today TerminusDB has two main products: TerminusDB and TerminusHub. TerminusDB is an open-source solution which has seen rapid adoption since it launched in early 2020. It is being used by a wide variety of customers to power the next generation of data intensive applications. The TerminusHub commercial data collaboration platform launched in September last year and aims to revolutionize data management by making controlled data collaboration simple. It is also seeing fast market adoption.

Speaking after the announcement, Sander Vonk of Volta Ventures said “We are very excited about the wide commercial applications this technology enables and are happy to join the board and be part of this exciting journey. We think TerminusDB has the potential to become the leading platform in the next generation of data architecture.”

Kevin Feeney, CEO of TerminusDB said, “funding from such high-quality investors is an endorsement of TerminusDB’s technology and approach. We have invested in our product and are growing a vibrant community of Terminators. We will use this funding to grow our commercial offering.”

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