Business Intelligence Company GoodData Raises $22 Million
GoodData is a business intelligence company that has raised $22 million in Series D funding from TOTVS Ventures. Existing investors Andreessen Horowitz, General Catalyst Partners, Next World Capital, and Tenaya Capital also participated in this round.
GoodData has raised a total of over $75 million so far. TOTVS Ventures is the investment arm company of enterprise software company TOTVS. Alexandre Dinkelmann of TOTVS is joining GoodData’s board of directors.
TOTVS is the largest software company in Latin America and the sixth largest provider of enterprise software in the world. TOTVS has been looking for ways to get into data analytics for their 30,000 customers. TOTVS is also becoming a distribution partner for GoodData.
“The discussions started about six months ago and in the end they liked us so much they decided to invest,” stated GoodData founder Roman Stanek in an interview with AllThingsD.