Analysis of the investment in Data Virtualisation. HGGC invests in Denodo.

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BY : Diego GutiérrezJanuary Mon, 2018

Learn about the main financing rounds that have taken place in recent years in the Data Virtualisation sector. In addition, we analyse the investment of the firm of private equity American HGGC in the Galician Denodo.

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Learn about the main financing rounds that have taken place in recent years in the Data Virtualisation sector. In addition, we analyse the investment of the American private equity firm HGGC in the Galician company Denodo.

About Denodo

Denodo is a Galician-based leader in the growing data virtualisation market, providing high-performance data integration, data abstraction and real-time data services across a wide variety of enterprise, big data, cloud and dispersed data sources.

The company, headquartered in Palo Alto, California, has its main R&D core in A Coruña, Galicia, Spain, and has engineering and sales offices around the world. Its customers, which come from a wide variety of sectors, include leading companies such as Amgen, Asurion, Autodesk, Vodafone, Seagate, Sumitomo Mitsui Trust Bank and SwissRe.

Denodo has expanded its market leadership while competing with some of the world's largest technology companies. In fact, its gross revenue in North America grew by 64% in 2016 over the previous year.


About HGGC

HGGC is a middle-market private equity firm with $4.300M in cumulative capital commitments. Headquartered in Palo Alto, California, HGGC specialises in acquiring scalable, multi-attractive businesses through partnerships with managers, founders and sponsors, who reinvest in deals alongside HGGC, creating a strong alliance of interests.

Since its founding, HGGC has invested in more than 60 organisations and has made add-on acquisitions, recapitalisations and liquidity injections totalling more than $13,000M.


HGGC buys Denodo

US mid-market private equity firm HGGC has acquired US-based Denodo, a provider of real-time data integration through data virtualisation technology. The management team and founder of Denodo will retain a significant ownership stake in the business. Financial details of the deal have not been disclosed.

This investment will enable Denodo to accelerate its growth and strengthen its leadership in the data virtualisation market.

Denodo is HGGC's third announced $1,840M Fund III investment and the company's third technology platform investment in 2017.


Data Virtualisation Investment Rounds


JANUARYAcquisition of Slovenian gaming company Outfit7 for $1,100M.
UK lending platform Funding Circle raises $100M in Series D.
FEBRUARYTake-Two buys Spanish video game developer Social Point for $267M.
MARCHDutch supermarket Picnic raises €100M in Series B.
APRILRomanian robotics company UIPath receives $30M from Accel in the largest Series A round ever.
MAYLondon-based Softbank Vision fund officially launched
Fund and investment of $500M in the UK Improbable.
Spain's Cabify raises $100M in a Series D funding round.
JUNESnap buys French geolocation app company Zenly for $213M.
Germany's Delivery Hero raises $1.1 billion in an IPO.
JULYGerman company Souncloud lays off 40% of its staff, but the European tech industry regroups.
Blockchain specialist Tezos raises $232M in a historic ICO.
AUGUSTProdigy Finance (UK) receives $200M in equity and debt funding, led by Index Ventures.
SEPTEMBERGermany's Lilium, which is developing an all-electric vertical take-off and landing (VTOL) device, receives $90M in Series B from Tencent.
Video game developer Rovio (Finland) raises $1,000M in an IPO.
UK-based Deliveroo closes a $385M funding round.
OCTOBERDeepMind (UK) presents AlphaGo Zero using a new form of reinforcement learning.
NOVEMBERMoney transfer app Transferwise (UK) raises $280M in E Series.
DECEMBERFlexible workspace provider Workspace (UK) receives £200M from NatWest Markets, Santander and HSBC, among others.


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Yes looking for investors, you want to buy or sell your company or finance your R&D&I project, get in touch with our Corporate Finance experts.

If you are looking for investors, want to buy or sell your company or finance your R&D&I project, contact our Corporate Finance experts.

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