Instaclustr raises USD$15.7m growth equity led by US-based Level Equity
Bailador portfolio company Instaclustr has raised $15.7m USD ($21m AUD) in a round led by New York-based growth equity fund Level Capital. Existing investors Our Innovation Fund, LP and ANU-Connect Ventures also invested in the round alongside Level Equity.
Andrea Kowalski, Principal at Bailador and Instaclustr board member, said: “Attracting a high-calibre US investor such as Level Equity is a testament to the progress Instaclustr has made since Bailador’s investment less than two years ago. The team continues to execute at scale, growing 100%+ YoY and signing up new Fortune 500 customers every quarter. This latest round of investment will help Instaclustr further empower its customers to deliver big data applications at scale through the rollout of additional technologies.
“The future is bring for the company as it continues to take advantage of the growth in big data and open source software and I couldn’t be more pleased to have Level Equity join us on this journey.”
Click here to read the full press release.