YFM-backed Manchester Matillion becomes first North West Unicorn
YFM investment and Manchester-based Matillion, a leading cloud data integration platform, today (15 September 2021) announced $150M in Series E funding, led by General Atlantic, a leading global growth equity firm, with participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners, and Lightspeed Venture Partners. This funding marks Matillion’s second triple-digit round of 2021, bringing the total amount raised to $310M at a valuation of $1.5B and crowning it the first UK North West ‘Unicorn’.
The company was first backed by YFM Equity Partners (YFM) in 2016 to the tune of £4m, which allowed the business to open its first US office and expand its product range. YFM has been a member of the board ever since, and remains a close and trusted adviser. From a team of 18 people in 2015 and a turnover of £1m, the company has grown to more than 270-strong working between dual head offices in Denver and Manchester, and offices in New York.
David Hall, YFM managing director comments: “Our provision of vital early stage funding facilitated Matillion’s transition into a significant presence in the US, demonstrating how the UK can nurture the growth of small tech businesses. Now one of the most successful enterprise software companies in the UK, Matillion is a great example of VCT funding achieving exactly what it is meant to do – creating a valuable business that provides employment, tax revenue and exports.”
Full press release is available here https://www.prnewswire.co.uk/news-releases/matillion-raises-150m-series-e-funding-at-1-5b-valuation-801654946.html