What is Hevo?
Founded in 2016 and headquartered in San Francisco, California, Hevo is engineered to empower data teams by streamlining data operations. The company focuses on increasing the actionable impact of data within organizations, providing a robust platform designed for the complexities of modern data management. Hevo's strategic approach to data integration aims to bridge the gap between raw data and business intelligence, enabling companies to derive greater value from their information assets.
How much funding has Hevo raised?
Hevo has raised a total of $42M across 3 funding rounds:
Angel/Seed
$4M
Series A
$8M
Series B
$30M
Angel/Seed (2019): $4M with participation from Surge and Chiratae Ventures
Series A (2020): $8M led by Qualgro Partners Pte Ltd, Chiratae Ventures, and Sequoia Capital Operations LLC
Series B (2021): $30M supported by Chiratae Ventures, Lachy Groom, Qualgro Partners, and Sequoia Capital India
Key Investors in Hevo
Chiratae Ventures
Chiratae Ventures is an established Indian technology venture capital fund advisor based in Bengaluru, with a strong track record of managing $1.3 billion in assets across seven funds. The firm has made over 130 investments, including early backing of notable companies like Myntra and Lenskart, and has achieved 56 exits and four IPOs. Chiratae offers various programs such as Chiratae Sonic for seed investments, Chiratae Spotlight for follow-on funding, and the Midas Program aimed at educating family offices about venture capital. Their focus is on supporting audacious entrepreneurs and fostering innovation in the Indian startup ecosystem.
Qualgro Partners
Qualgro is a venture capital firm based in Singapore that invests in tech startups across Southeast Asia, focusing on areas such as Data, Software, and AI. The firm primarily targets Series A and B funding rounds, seeking entrepreneurs with the potential to build regional or global companies. Qualgro aims to support exceptional entrepreneurs in growing successful global businesses by leveraging technology advantages and agile execution. Their portfolio includes investments in various sectors, including fintech and e-commerce, with a commitment to fostering innovation and growth.
Sequoia Capital India
Sequoia Capital in India currently manages funds capitalized at close to USD 1.4 billion and invests across venture, growth, and late stage opportunities. It takes a long-term view on investments and plays the role of an active, value-added partner to entrepreneurs, business families and management teams. Over the past 7 years, Sequoia Capital has invested in more than 70 companies in India including Capillary Technologies, Druva Software, Justdial, Micromax, Mu Sigma, Pine Labs, Prizm Payments, Quick Heal and Zomato. Sequoia Capital operates out of offices in Bangalore, Mumbai, and New Delhi. Globally, Sequoia Capital has an unparalleled track record of partnering with entrepreneurs to create global market leaders. Sequoia Capital has been an early investor in companies such as Apple, Cisco, Dropbox, Google, LinkedIn, Oracle, Yahoo, YouTube and Zappos. Sequoia Capital maintains dedicated teams in USA, China, India and Israel.
What's next for Hevo?
The recent major strategic investment signals a new phase of expansion and development for Hevo. This capital infusion is expected to fuel further innovation in its data integration capabilities, potentially broadening its market reach and enhancing its technological infrastructure. With a history of consistent backing, Hevo is well-positioned to capitalize on the growing demand for efficient and scalable data solutions, likely focusing on expanding its enterprise client base and deepening its product offerings to address evolving data challenges.
See full Hevo company page
