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OpenDataSoft Raises $5.5M From North American and European investors
Published on 10/28/2016, 6:05 PM
OpenDataSoft, a global data company offering publishing and sharing solutions for the private and public sector, today announced a $5.5M Series A round of financing. Funding comes from Aster Capital and Salesforce Ventures, with a follow-on investment from Aurinvest. The funding will primarily be used to expand OpenDataSoft’s operations globally, including continued expansion in France and Europe and acceleration of its North American business development.
OpenDataSoft has built a user-friendly, cloud-based data publishing and sharing platform to allow data to be easily visualized and reused by citizens, startups, or teams within city departments or organizations via APIs. OpenDataSoft’s platform offers more advanced features - such as real-time data processing - which are specifically relevant for Smart City and IoT projects.
OpenDataSoft was founded five years ago in Paris, France and has since grown to serve over 80 customers in ten countries, including the Portuguese Ministry of Health, the Swiss National Railway Company, and communities in the Research Triangle, including the City and County of Durham (NC). In France, OpenDataSoft counts the City of Paris, the Ministry of Education, and some of the largest French multinational corporations, such as Veolia and Saint-Gobain, among its customers.
The company plans to leverage the new funding to:
- Reinforce the research and development team in France, which currently represents half of the Paris office, OpenDataSoft’s global headquarters.
- Expand into new markets in Europe, including Germany, Italy, Spain and the U.K while continuing to grow in existing markets, such as Portugal, Sweden, Switzerland and beyond. This will follow the recruitment of regional business development specialists in these regions.
- Recruit sales and marketing teams in North America for both the public and private sectors following the opening of a North American headquarters in Boston.
“At Aster Capital, we think that managing and sharing information as well as organizing, transforming and accessing data will change the relationship between corporations and their clients, as well as the interaction between cities and their citizens,” said Says Fabio Lancellotti, Partner at Aster Capital, “More importantly, we believe that the way we plan, design and improve our cities as well as our daily life within cities will become increasingly a matter of good data management. As part of this revolution – which will gain in momentum over the next few years – we believe that OpenDataSoft, a market leader for data publishing and management in Europe, will also gain this same recognition in the US and Asia in the near future. In four years, OpenDataSoft is already present in ten countries and works with some of the largest industrial groups, leading innovative cities and public administrations. We are excited to start working with them and look forward to see them shaping the future of data management on a global scale.”
About Aster Capital
About Salesforce Ventures
For more information, please visit www.salesforce.com/ventures
For more information, visit www.aurinvest.com
About Ader Finance
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Press release published by Goudy Christophe
Published on 10/28/2016, 6:05 PM on 24presse.com
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