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Tobiko raises $21.8M in a Series A round led by Theory Ventures to build a modern data platform

RECENTLY ACQUIREDJun 05, 2024•about 2 years ago

Amount Raised

$21.8 Million

Round Type

Series A

San MateoSoftwareAnalyticsData CenterBig Data

Investors

Jordan TiganiBoris JabesGeorge Fraser20 SalesTheory Ventures

Description

Tobiko has raised a total of $21.8 million in funding, split between a $4.5 million seed round and a $17.3 million Series A round led by Theory Ventures. Other investors include 20Sales, Fivetran CEO George Fraser, Census CEO Boris Jabes, and MotherDuck CEO Jordan Tigani.

Company Information

Company

Tobiko

Location

San Mateo, California, United States

About

Tobiko is a data transformation startup aiming to reimagine how teams work with data by offering a dbt-compatible data transformation platform, with the popular SQLMesh and SQLGlot open-source projects at its core and an intuitive low-code user interface to build data pipelines and transformations.

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Funding Insights

Based on industry data

Typical timeline to Series B

Series A companies typically raise their next round in 10-18 months

Monthly burn rate benchmark

47% of Series A startups spend $400k or more per month on operations

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech