Aiven announced raising $210m in a Series D funding round

By Joy Dumasia

Aiven, a software company that combines the best open source technologies with cloud infrastructure, announced it raised $210 million in its Series D at a pre-money valuation of $3 billion. The round was led by Eurazeo and joined by funds and accounts managed by BlackRock and existing investors IVP, Atomico, Earlybird, World Innovation Lab and Salesforce Ventures. 

The company has increased its headcount by more than 65% since October 2021 and aims to use the new funding to continue its international expansion, reaching beyond its newest hubs in Japan, Singapore and New Zealand to other parts of the Asia-Pacific and Latin America regions. Aiven looks to double its current number of employees in 2022 to help develop new platform capabilities and launch a global sustainability program to enable collective action within the Aiven community to build more sustainable applications in the cloud. 

Following last year’s initiatives, including the establishment of a formal Open Source Program Office and the launch of Aiven’s startup program, Cluster, the company is committed to further democratizing access to best-of-breed data technologies, reducing the environmental impact of cloud services and increasing diversity and inclusion at Aiven and in the tech industry more broadly.  

Oskari Saarenmaa, CEO and Co-Founder at Aiven, said: “Aiven’s mission is to make developers’ lives better, to help them build better applications. Further investing in supporting open, community-driven development of software and sustainable use of cloud services is a natural extension of what we value and have always wanted to achieve with Aiven.”

Zoé Fabian, Managing Director at Eurazeo – Growth, said: “Aiven is a prime showcase of a European-born champion on a trajectory of global category leadership. Its differentiated platform approach truly caters to the developer community by democratizing access to open-source technologies hosted on any cloud. The company has seen rapid adoption by customers across all sizes and industries with a demonstrated track record of product-led growth. Sustainability is a key part of our investment thesis at Eurazeo, and seeing Aiven being committed to combining a stellar financial profile with sustainability further strengthened our high conviction on embarking on the joint journey with Aiven to build the go-to platform for developers.”