NEWS17 June 2013

GoodData may look to IPO following $22m in series D funding

Financials North America

US — Big data analysis firm GoodData may look at an initial public offering (IPO) following a $22m series D funding round according to reports.

The funding round was led by São-Paulo-based TOTVS Ventures, the investment arm of Latin American enterprise software company TOTVS with participation from Andreessen Horowitz, General Catalyst Partners, Next World Capital and Tenaya Capital.

GoodData has now raised $75.5m in total and is exploring the possibility of an IPO.

In an email interview with Tech Crunch, GoodData founder Roman Stanek said: “We are absolutely focused on being the leading cloud analytics company, both in the US and globally. If we continue to execute on our plans, then IPO could be possible in the next few years.”