Aiven Raises $210M in Series D Funding


Aiven, a Helsinki, Finland-based software company that combines the best open source technologies with cloud infrastructure, raised $210M in its Series D at a pre-money valuation of $3 Billion.

The round was led by Eurazeo, and joined by funds and accounts managed by BlackRock as well as existing investors IVP, Atomico, Earlybird, World Innovation Lab and Salesforce Ventures.

The company intends to use the funds to continue its international expansion, reaching beyond its newest hubs in Japan, Singapore and New Zealand, to other parts of the Asia-Pacific and Latin America regions, to double its current number of employees in 2022 to help develop new platform capabilities and launch a global sustainability program.

Led by Oskari Saarenmaa, CEO and co-founder, Aiven provides managed open source data technologies, like PostgreSQL, Kafka and OpenSearch, on all major clouds, to enable customers to drive business results from open source.

Last year’s initiatives include the establishment of a formal Open Source Program Office and the launch of a startup program, Cluster.

The company has headquartered in Helsinki and with hubs in Berlin, Boston, Paris, Sydney, Singapore, and Toronto.