Finland-based cloud software firm Aiven has raised $60 million from existing investors World Innovation Lab, IVP and Atomico, giving the firm a valuation of $2 billion, it has said.
The funding round, an extension of the firm’s $100 million Series C announced seven months earlier, was initiated by one of its investors. The firm was last valued at $800 million.
“While we didn’t have an immediate need to raise more capital, we do want to stay ahead of the market and have ambitious plans for the future,” CEO Oskari Saarenmaa said.
The company, with offices in Berlin, Boston, Helsinki, Sydney and Toronto, plans to enter more markets in Asia.
Aiven plans to go public in future but not in the next 18 months, Saarenmaa added.
“It has been clear to us since the beginning that we want to hold on to Aiven’s mission and vision as we grow, which means that the IPO route is the more likely choice,” he said.
The team at Platform Executive hope you have enjoyed the ‘Finland’s Aiven raises $60 million at $2 billion valuation‘ article. Automatic translation from English to a growing list of languages via Google AI Cloud Translation. Initial reporting via our official content partners at Thomson Reuters. Reporting by Supantha Mukherjee, European Technology and Telecoms Correspondent, based in Stockholm. Editing by Clarence Fernandez.
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