Singapore’s Qualgro leads $8mn Series A funding round in Hevo
Hevo will utilise the proceeds to expand the number of integrations available on its platform, and hire sales and marketing teams in more countries, including the US and Singapore.
Cloud based data integration platform Hevo Data has secured $8 million in its Series A funding round led by Singapore based VC firm Qualgro, along with former Stripe top executive Lachy Groom. Existing investors including Chiratae Ventures and Sequoia Capital Surge also backed the company in the latest round.
Bengaluru and San Francisco based start-up would utilise the latest proceeds to expand the number of integrations available on its platform, hire sales and marketing teams in more countries, including the US and Singapore. The company currently has clients in 16 markets, including the US, India, France, Australia and Hong Kong, and counts payments company Marqeta among its customers.
The company helps businesses in integrating multiple sources of data from functions such as sales, marketing, operations, and finance, enabling companies to monitor their performance metrics and make decision in real-time.
Manish Jethani, Co-founder, Hevo, said: “We enable companies to eliminate data silos without having to set-up an engineering team to build and maintain complex integrations with multiple systems.”