TerminusDB, a Dublin based startup that provides an open-source knowledge graph database, announced on 15th March 2021 that it has raised €3.6 million in its seed round. The round was led by Volta Ventures along with participation from Acequia Capital, and existing investors like Atlantic Bridge University Bridge Fund and Enterprise Ireland.
Investors: Volta Ventures is a Belgium based venture capital firm founded in December 2014 with Frank Maene and Sander Vonk as the founders. It principally provides seed to early stage funding to budding enterprises in diverse sectors. Its portfolio includes companies like Cashforce, FibriCheck, Ecochain, GAMEYE, WHALE and more.
Purpose of funds: The funds are posited to be utilised to increase headcount to help TerminusDB grow its user base and to launch new products.
About TerminusDB:
TerminusDB was founded in the year 2017 by Gavin Mendel- Gleason and Kevin Feeney. Previously known as DataChemist, it seeks to provide an open-source database that enables reliable, private and efficient revision control & collaboration.
Currently, TerminusDB offers two main products: TerminusDB and TerminusHub. While both were launched in the previous year, TerminusDB is more of an open-source solution whereas TerminusHub is a commercial data collaboration platform. Both the products/platforms witnessed rapid adoption by the industry in the previous year.
What the founder and the investor have to say:
“We are very excited about the wide commercial applications this technology enables and are happy to join the board and be part of this exciting journey. We think TerminusDB has the potential to become the leading platform in the next generation of data architecture.”—Sander Vonk, co-founder and managing partner of Volta Ventures
“Funding from such high-quality investors is an endorsement of TerminusDB’s technology and approach. We have invested in our product and are growing a vibrant community of Terminators. We will use this funding to grow our commercial offering”—Kevin Feeney, co-founder and CEO of TerminusDB.
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