Solidatus secures £14m in Series A funding led by AlbionVC to accelerate international expansion
AlbionVC led the Series A round with participation from enterprise clients HSBC Ventures and Citi.
Solidatus provides data lineage and metadata management software designed to help large organisations map and govern their data flows. The company works with major financial institutions, pharmaceutical firms, and government bodies across multiple international markets.
London-based data management software provider Solidatus has secured £14m in Series A funding. The investment was led by B2B enterprise fund AlbionVC, with participation from existing client Citi and corporate venture arm HSBC Ventures. The capital will be deployed to accelerate international expansion into new territories including the US, Europe, and Asia, alongside scaling capabilities across additional industry verticals.
The raise follows a period of rapid growth for Solidatus, which doubled in size and quadrupled its revenue over the preceding year. The company also entered the Gartner Magic Quadrant for Metadata Management and secured several systemically important banks as clients. AlbionVC partners Emil Gigov and Jay Wilson managed the transaction, with Wilson joining the company board.
From the founder
"Solidatus was built to revolutionise the data economy. The completion of Series A is confirmation that we’ve engineered the right solution to meet the complex needs of data-rich and regulated organisations, delivering a modern, agile and scalable solution. We are looking forward to working alongside our investors to accelerate the delivery of organisational transformation and control to new markets and clients with the same level of commitment to the highest standards of service that are key to the Solidatus offering."
Philip Dutton
Co-founder at Solidatus
Investor perspective
"The increasing complexity of an organisation’s data estates and the growing recognition of data as an asset combined with increasing regulatory demands is bringing data management into the limelight. Solidatus has built the best-in-class product to bear down on the industry’s pain points and we are delighted to lead the company’s first institutional capital raise to support the co-founders and the company in reshaping data lineage and the wider data management category."
Jay Wilson
Investment Director, AlbionVC
Use of funds
- 01Expand into international markets
Investors
Categories
About the company
Solidatus
Solidatus builds data lineage and metadata management software for large enterprises.