VaultSpeed raises €3.6 Million Series A
March 17th, 2021
VaultSpeed raises €3.6 Million Series A to accelerate growth and bring its best of breed data warehouse automation solution to the global market
PRESS RELEASE 17 March 2021 – Leuven, Belgium – VaultSpeed, the Belgium-based SaaS company specialized in data warehouse automation solutions, has closed a €3.6 million Series A round led by Fortino Capital Partners. The company was founded 2 years ago by Piet De Windt and Dirk Vermeiren with support of The Cronos Group, who remains on board through its seed investment fund the CoFoundry.
VaultSpeed’s data automation software serves data managers by accelerating and automating the entire lifecycle (design, build and maintain) of their Data Vault. Data Vault technology is an innovative approach to centralize enterprise data for business analysts who deliver the necessary real time insights that business leaders need to guide their decisions. This is where VaultSpeed comes into play. Dirk Vermeiren, CTO of VaultSpeed: “While ensuring quality and consistency, the tool automates the integration of data from multiple source systems into the Data Vault, making it available for further analysis throughout the enterprise. This is what agile business leaders need to accelerate their time to market, cut the complexity and reduce project risks.”
VaultSpeed’s customer base ranges from California (Department of Health of Santa Clara County) across Europe to Japan (Olympus). The rise of microservices driving the multiplication of distributed data sources, the move to the cloud, the increasing volume of data and degree of change and the scarcity of qualified talent stimulate organizations to respond faster and smarter, increasing the demand for automated data warehousing solutions.
VaultSpeed recently signed a global deal with the Japanese multinational Olympus who will be building regional as well as global data integration platforms in order to make faster and better use of their enterprise data and improve their customer-driven solutions for the medical, life sciences and industrial industries. By bringing VaultSpeed into the process, Olympus can now create faster and better integrated insights on their SAP data and non-SAP data which was not possible before.
Duco Sickinghe, Managing Partner at Fortino Capital: “We have seen a rapidly increasing traction for data vaults over the past years and are truly excited to support Piet De Windt (CEO) and Dirk Vermeiren (CTO) in accelerating their growth. VaultSpeeds’ data warehouse automation tool plays a crucial role in helping customers increase their agility, while responding to strong time-stamping, auditability and traceability requirements.”
Wim Bijnens, partner at CoFoundry: “We have seen VaultSpeed evolve from an idea into a prototype on to a proof of concept with some of our key customers in Belgium. Today, VaultSpeed is ready to scale up and deliver value to business leaders all over the world. With enthusiasm and belief in a great future for VaultSpeed we are pleased with the support of Fortino Capital in this exciting scaling phase.”
With the additional funding, VaultSpeed will look to further scale its organization and invest in its best of breed product in order to serve and expand its international customer base. Piet De Windt, CEO of VaultSpeed: “VaultSpeed’s cloud-based product is platform agnostic and integrates with top-tier tools in the data integration ecosystem. We strive to bring the best value and technology to our customers leveraging our strong and growing partner ecosystem. We are happy to onboard Fortino Capital and look forward to entering VaultSpeed’s next development phase together.”
About VaultSpeed
VaultSpeed is a Belgium-based software company. Its data warehouse automation solution speeds up the process of data integration through a best in class tool built on the Data Vault 2.0 methodology. More and more companies worldwide rely on VaultSpeed to simply build and maintain their enterprise data hub. The tool connects with most popular ELT(ETL)-tools, source, target technologies and orchestration engines.
About Fortino Capital Partners
Fortino Capital Partners is a Benelux-focused B2B software investor with a pan European reach. Fortino Capital invests in both Venture Capital and Growth private equity assets. With offices in Antwerp and Amsterdam, Fortino Capital’s investment portfolio includes Teamleader, Insided, MobileXpense, Efficy CRM, iObeya and Oqton among others.
For more information, please visit https://fortinocapital.com/
About Cofoundry
With a passion for innovation, The CoFoundry helps entrepreneurs transform their ideas into sustainable companies by funding them in a seed stage and by coaching them in the growth process. Embedded in the ecosystem of The Cronos Group, The CoFoundry has access to a wide network of relevant technology players.
For more information, please visit http://www.thecofoundry.co/
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