GoodData, a San Francisco, CA-based provider of cloud-based big data analytics platform and applications, raised $22m in Series D funding.
The round was led by TOTVS Ventures, the investment arm of TOTVS S.A. (BM&FBOVESPA: TOTS3), a Brazilian enterprise software company, with participation from existing investors Andreessen Horowitz, General Catalyst Partners, Next World Capital and Tenaya Capital. In conjunction with the deal, TOTVS’s Alexandre Dinkelmann will join GoodData’s board of directors.
The company intends to use the capital to hire employees, expand into new markets in Latin America, and increase investments in R&D and marketing.
Led by Roman Stanek, founder and CEO, GoodData provides business users, business analysts and IT professionals with an on-demand business intelligence service to create solutions that support a specific set of business use cases. It delivers self-service dashboards and reports, advanced tools for building custom metrics, and no hardware or software to integrate or manage.
The company has 20,000 active clients and 51 “PoweredBy” partners, which embed its on-demand business intelligence platform into their services.