SaaS startup Hevo raises $30M in a Series B round

Hevo, a SaaS firm based in San Francisco, revealed today that it has raised $30 million (about Rs 228 crore) in a Series B fundraising round headed by Sequoia Capital India, Qualgro, Lachy Groom, Chiratae Ventures, and angel investors.

Sequoia’s Surge, Qualgro VC, Lachy Groom, and Chiratae Ventures had previously invested $8 million in the San Francisco and Bangalore-based startup’s Series A round. Hevo’s overall funding amount now stands at $43 million following the Series B round.

Hevo is an automated unified data platform that helps companies better understand their consumers and clients. It was founded in 2017 by Manish Jethani and Sourabh Agarwal. Its self-serve no-code platform can accept data from a variety of sources and combine it into a single view.

“Data has become one of the most important business inputs in the last decade. Hevo Data is building foundational infrastructure to enable bi-directional mobility of data. The more mobile data becomes within organizations, the more useful it shall be,” said Tejeshwi Sharma, MD, Sequoia India.

Leave a Comment