Matillion Valuation, Funding & Investors

Matillion is valued at $1.5B as of September 2021.

Last Matillion valuation

$1.5B

Series E · Sep 2021

Last Matillion funding round

$150M

Series E · Sep 2021

Cumulative funding Matillion raised

$290M

across 5 funding rounds

Key investors in Matillion

  • Sapphire Ventures
  • Scale Venture Partners
  • Battery Ventures
  • Lightspeed Venture Partners
  • YFM Equity Partners
  • General Atlantic

Matillion Overview

About Matillion

Matillion is a Manchester-headquartered data productivity platform enabling enterprises to load, transform, and orchestrate data on cloud warehouses like Snowflake, Amazon Redshift, and Google BigQuery. Companies including Cisco, Slack, and TUI use Matillion for ETL pipelines supporting analytics, machine learning, and AI workflows across self-service and enterprise editions.


Founded

2011

HQ

United KingdomManchester

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Valuation

$1.5B (Sep 2021)

Matillion Valuation

Matillion is currently valued at $1.5B, based on its Series E in September 2021.

The $150M round was led by General Atlantic, with participation from Scale Venture Partners, Battery Ventures, Lightspeed Venture Partners, Sapphire Ventures and Citi Ventures.

Matillion valuation by funding round

Matillion valuation by funding round
DateStageValuation
Sep 2021Series E$1.5B

Matillion Funding History

Matillion has raised a total of $290M across 5 funding rounds.

Matillion's first fundraising round was a $5M Series A in November 2016. The most recent completed round was a $150M Series E in September 2021.

Matillion funding rounds

Matillion funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Sep 2021Series EGeneral Atlantic (lead); Scale Venture Partners; Battery Ventures; Lightspeed Venture Partners; Sapphire Ventures; Citi Ventures$150M$1.5BMatillion, a cloud-native data integration and transformation platform headquartered in Manchester, England, with a Denver office, raised $150 million in a Series E funding round on September 15, 2021, at a $1.5 billion post-money valuation. The round was led by General Atlantic, with participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners, and Lightspeed Venture Partners, marking the company's second major round of 2021 after a $100 million Series D in February, bringing total funding to $310 million. Matillion provides a low-code/no-code ETL platform optimized for cloud data warehouses like Snowflake, Amazon Redshift, Google BigQuery, Microsoft Azure Synapse, and Delta Lake on Databricks, enabling data engineers, scientists, and business users to build data pipelines and prepare analytics-ready data. Hundreds of large enterprises, including Western Union, FOX, Sony, Slack, National Grid, Peet’s Coffee, and Cisco, use the platform to power business intelligence, AI, and machine learning initiatives. The funding aims to support expansion of operations, business reach, and hiring, with plans to grow from 350 to over 400 employees by year-end, including expansion in the U.S. The round solidified Matillion's unicorn status and highlighted strong market demand for cloud data integration amid growing needs for data-driven decisions. General Atlantic's Chris Caulkin emphasized Matillion's role in simplifying data pipelines for broader user adoption. The company had recently earned awards like Snowflake's 2021 Technology Partner of the Year for Data Integration and Databricks ISV Innovation Award.
Feb 2021Series DLightspeed Venture Partners (lead); Scale Venture Partners; Battery Ventures; Sapphire Ventures$80M-Matillion is a cloud-native data integration platform that provides low-code/no-code ETL solutions optimized for cloud data warehouses like Snowflake, Amazon Redshift, Google BigQuery, and Microsoft Azure Synapse, enabling enterprises to extract, transform, and load data from various sources including SaaS platforms and corporate systems. The company, based in Manchester, England, and Denver, Colorado, serves hundreds of global enterprises such as Amazon, Siemens, Subway, Novartis, Slack, Accenture, Cisco, and Western Union, helping them accelerate analytics, reduce ETL costs, and improve time-to-insights. On February 16, 2021, Matillion raised $100 million in Series D funding led by Lightspeed Venture Partners, with participation from Battery Ventures, Sapphire Ventures, Scale Venture Partners, and financing from Silicon Valley Bank UK Branch. This round, equivalent to £72.24 million, brought total funding to over $160 million and was aimed at fueling growth amid rising demand for cloud data integration in a market where companies spend roughly $1 on cloud ETL for every $5 on cloud warehousing. Plans included expanding headcount to about 400 employees by year-end to support scaling operations and customer adoption. Matillion demonstrated strong traction post-Series D with awards like Snowflake's 2021 Technology Partner of the Year and Databricks ISV Innovation Award, alongside product launches such as Matillion ETL for Delta Lake on Databricks. The company positioned itself in the growing cloud data integration market, competing by offering pre-packaged connectors, drag-and-drop tools, and measurable efficiency gains for customers like Cisco, which cut ETL costs by 84%, and Slack, which reduced revenue metric generation from 6 hours to 30 minutes.
Jun 2019Series CBattery Ventures (lead); Scale Venture Partners; Sapphire Ventures$35M-Matillion is a provider of data transformation software purpose-built for cloud data warehouses (CDWs), enabling customers to extract, load, and transform data into analytics-ready formats for AI and machine learning use cases. The company announced a $35 million Series C funding round on June 4, 2019, led by Battery Ventures, with participation from existing investors Sapphire Ventures and Scale Venture Partners, bringing total funding to $60 million. This investment aimed to accelerate growth, expand capabilities of its flagship Matillion ETL product, and capitalize on strong market demand. At the time, Matillion reported triple-digit revenue growth in 2018 for the third consecutive year and served over 550 customers across 40 countries, including Bose, GE, Siemens, Fox, Accenture, Vistaprint, Splunk, and Zapier. The platform offers simplicity, speed, scale, and pay-as-you-go economics, positioning it as a leader in cloud-native data transformation. Later developments show Matillion's continued expansion, raising a total of $310 million across 10 rounds, with a valuation of $1,500 million reached in its September 2021 Series E round. The company tripled its annual recurring revenue from 2019 to 2021 and forecasted tripling it again by 2023, growing to over 1,000 customers including Western Union, Cisco, Slack, Subway, and Siemens.
Mar 2018Series BSapphire Ventures (lead); Scale Venture Partners (lead); YFM Equity Partners$20M-Matillion is a data analytics and integration platform company based in the United Kingdom that enables organizations to build and manage data pipelines. The company raised $20 million in funding from Sapphire Ventures and Scale Venture Partners. During the 12 months preceding the funding announcement, Matillion demonstrated strong commercial momentum with annual recurring revenue growing over 260%. The company achieved unicorn status (valuation of $1.5 billion) by September 2021, demonstrating significant growth trajectory in the data integration market.
Nov 2016Series AYFM Equity Partners (lead)$5M-Matillion is a Cheshire-based provider of cloud-based data integration technologies, specializing in ETL software for Amazon Redshift on AWS. YFM Equity Partners led a Series A investment of approximately £4-4.1 million on around November 29, 2016, with co-investment from YFM's 2015 YFMEP LP Fund and advised VCTs. The funding supports expansion of US and UK operations to capitalize on growth in cloud-based big data integration. Non-executive directors Pieter Knook, former Microsoft executive, and Brian Gentile joined the board.

Who has invested in Matillion?

7 investors have backed Matillion across its funding rounds, including Sapphire Ventures, Scale Venture Partners, Battery Ventures, Lightspeed Venture Partners, YFM Equity Partners and General Atlantic.

Lead investors include General Atlantic, Lightspeed Venture Partners, Battery Ventures, Sapphire Ventures, Scale Venture Partners and 1 other investor.


Matillion Investors

Investors in Matillion by funding rounds participated
InvestorHQRoundsRoleFirst check
Scale Venture PartnersUnited StatesSan Francisco, CA4LeadMar 2018
Sapphire VenturesUnited StatesAustin, TX4LeadMar 2018
Battery VenturesUnited StatesBoston, MA3LeadJun 2019
YFM Equity PartnersUnited KingdomLondon2LeadNov 2016
Lightspeed Venture PartnersUnited StatesSan Francisco, CA2LeadFeb 2021

This data is available for Pro users. Sign up to see all 7 Matillion investors.

Start Free Trial

Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.

Start Free Trial

Matillion Competitors

Matillion competitors include listed companies like Infomart and GigaCloud Technology, and private ones like Airbyte, ElasticRun, Olist and Route.

Public and private companies comparable to Matillion
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
AirbyteUnited StatesSan Francisco, CAPrivate--$1.5B-
ElasticRunIndiaPunePrivate--$1.5B-
OlistBrazilCuritibaPrivate--$1.5B-
RouteUnited StatesSalt Lake City, UTPrivate--$1.4B-
InfomartJapanJapanPublicly listed$121M$31M$1.2B8.6x
GigaCloud TechnologyUnited StatesUnited StatesPublicly listed$1.3B$158M$1.9B1.4x
Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
Infomart$121M$31M9.3x8.6x35.9x31.7x
Transwarp$67M($31M)27.5x28.0x(59.8x)-
GigaCloud Technology$1.3B$158M1.6x1.4x12.8x10.6x
Business-intelligence$389M$54M6.6x5.9x47.7x-
GuoChuang Software$220M($17M)4.8x-(60.4x)-
e-Hualu$69M($310M)24.1x-(5.4x)-
New Trend International Logis-Tech$352M$42M1.4x-11.9x-

This data is available for Pro users. Sign up to see all Matillion competitors and their valuation data.

Start Free Trial

Common questions about Matillion

When was Matillion founded?Matillion was founded in 2011.
Where is Matillion headquartered?Matillion is headquartered in Manchester, United Kingdom.
Is Matillion publicly listed?No, Matillion is a private, VC-backed company.
What is Matillion's valuation?Matillion was last valued at $1.5B in its Series E in September 2021.
How much funding has Matillion raised?Matillion has raised $290M across 5 funding rounds.
What was Matillion's last funding round?Matillion's last funding round was a $150M Series E in September 2021, led by General Atlantic.
Who are Matillion's investors?Matillion's investors include Scale Venture Partners, Sapphire Ventures, Battery Ventures, YFM Equity Partners, Lightspeed Venture Partners, General Atlantic and Citi Ventures.
Which companies are comparable to Matillion?Companies comparable to Matillion include Airbyte, ElasticRun, Olist, Route, Infomart and GigaCloud Technology.

See companies similar to Matillion

Start Your
Free Trial Today

Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.

Start Trial