Business & Entrepreneurs

An Altrincham tech company has just raised $35m to accelerate its growth

By David Prior at

Altrincham tech company Matillion has raised $35million (£27.7m) in its latest round of funding.

The Altrincham-based company, which provides data transformation software for cloud data warehouses (CDWs), has now raised a total of $60m (£47.4m).

Matillion was co-founded by CEO Matthew Scullion in 2011 alongside chief technology officer Ed Thompson and commercial director Peter McCord.

Its software is used by more than 550 customers across 40 countries, including global companies like Bose, GE, Siemens, Fox and Accenture.

The investment will allow Matillion to deliver accelerated growth and extend the capabilities of its flagship product line, Matillion ETL.

The latest funding round was led by Battery Ventures, and existing investors Sapphire Ventures and Scale Venture Partners were also involved.

“It’s our view that every company in the world needs to compete using data,” said CEO Scullion.

“And most of the time they’ll do this in the cloud. Only the cloud offers the speed, agility, power and economics to cope with this demand for data insights, and to manage the exponentially growing data volumes and complexities that we work with today.”

Continued strong demand for Matillion’s data transformation software led the company to triple-digit revenue growth in 2018, for the third consecutive year.