Intact Ventures led the Series A round alongside Ingka Group to help the insurer scale its customer base and workforce.
"This latest Series A funding round comes at an exciting time, we’re growing very quickly which has been attractive to both existing and new investors."
The Seed round was led by Microsoft venture fund M12 to support product development and team growth.
"With today's launch, Memgraph empowers all developers — from the open source hobbyist toengineers at large enterprises — to stream, graph, and build in minutes,"
The funding round was backed by Mundi Ventures and Eka Ventures.
"We’ve continued to grow strongly throughout the pandemic and that has been attractive for both new and existing investors. Our tech platform means we can grow our customer base rapidly without having to build an army of customer service agents. That said, we’ve got ambitious growth plans, so we’ll be doubling our headcount in the next 12 months to support that."
