Denmark-based Weld, an integrated data platform that enables companies to build robust models and metrics and streamline their data workflows, raised USD 4.6 million on 30th November.
Investors: The investment round was led by Frontline Ventures and Cherry Ventures, including several angel investors Des Traynor (co-founder of Intercom), David Clarke (former CTO at Workday), Phil Chambers (co-founder of Peakon) and Petr Janda (CTO at Pleo).
Purpose of funding: The startup plans to use the funds to expand its product offerings, including new features not seen previously on an enterprise platform. Furthermore, the company plans to open offices outside of Denmark during the first half of 2022, including in the United Kingdom and the United States.
Founded in 2021 by former Pleo employees Jonas Thordal, Jakob Skytte and Jakob Kristensen, Weld is located in Copenhagen, Denmark. Weld is an integrated data platform that enables companies to build robust data models and metrics with unique data templates, managing and streamlining all of their data workflows and enabling fast insights and decision-making. The platform works with hundreds of SaaS tools, databases, and data warehouses, including Postgres, MSSQL, Hubspot, Salesforce and Intercom, and Snowflake, BigQuery and Redshift. The startup aims to become the world’s leading data company focused on unlocking the full potential of customers’ data.
What the founder has to say
“In order to unfold Weld’s vision, it is crucial that we have the absolute best people on board. Your skills are more important than where you live. But it’s not only about skills, it’s also about finding people that fit into our culture and align with our values as we are trying to build one of the best companies to work for,” said Jonas Thordal, Co-founder and CEO at Weld.
“In the past seven months, we have gone from two to 30 employees. It is with great humility that we have succeeded in attracting some of the most competent people for both development, customer management and sales. And we must continue to do so – as we expect to have over 75 employees globally in 2022,” said Jonas Thordal.
What the investors have to say
“We are very impressed by Jake, Jonas, and Jakob’s clear vision and product execution. It’s rare to see such fast progress with 40+ customers on board in just a few months and we are so excited to stand behind this incredibly customer-centric team,” said Thomas Lueke, Partner at Cherry Ventures.
“Weld is one of the most exciting customer focused teams I’ve met in the past few years across Europe. It was an easy decision to lead their seed round and I’m extremely excited to see them make it so much easier for up and coming businesses to utilize their data and take on incumbents,” said Finn Murphy, Partner at Frontline Ventures.
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