SAN MATEO, CA, Firm that powers the online applications that transform business for more than 300 customers, including startups and 20 of the Fortune 100, secured $45 million in a Series D funding round.
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Next World Capital, an international, expansion-stage venture capital firm headquartered in San Francisco and with a strong presence in Europe, announced today that it participated in a $45 million Series D funding round for DataStax, alongside Scale Venture Partners, the lead investor, and DFJ Growth.
DataStax powers the online applications that transform business for more than 300 customers, including startups and 20 of the Fortune 100. DataStax delivers a massively scalable, flexible and continuously available big data platform built on Apache Cassandra. Competing against traditional relational database management systems (RDBMS) vendors, DataStax provides a next-generation NoSQL database in a market that is expected to grow to $1 billion by 2017.1
Building on recent customer momentum and growth of its corporate footprint, with additional funding, DataStax is well-positioned to continue its expansion into the European market, making it a strong fit for the Next World Capital (NWC) portfolio. NWC will leverage its own European Advisor Network to provide account targeting, go-to-market strategy and overall guidance. It will also contribute to advance the company's product development and awareness, and provide counsel on global sales and marketing expansion.
'At NWC, we focus on investing in market-defining companies with great teams that will dominate large, growing markets,' said Ben Fu, partner, NWC. 'DataStax clearly fits this criteria with its differentiated product, seasoned executive team, and market leadership, going after the fast-growing NoSQL market.'
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About Next World Capital
Next World Capital (NWC) is an international, expansion-stage venture capital firm that invests in leading enterprise software, mobile and consumer Internet companies. With $200 million of assets under management, NWC is affiliated with the large global investment firm Next World Group, which provides an extraordinary international platform for its portfolio companies. The firm offers strategic insight and in-depth sector acumen to help its portfolio companies grow into market leaders. Furthermore, NWC uniquely operates a European Expansion Program with top executives across the continent, to accelerate the growth of its portfolio companies through a large network of partners, channels and direct customers.