Target invests €2.2m in ArangoDB

After using its previous funding round for building the product, the startup aims to use the fresh funding for international expansion.

Target currently invests from its second vehicle, a €113m fund.

Previous funding
In February 2015, ArangoDB received its first funding round of €1.85m, led by Norwegian/Swiss family office Machao Holdings and information systems developer Triagens.

Company
Founded in 2014 and based in Cologne, ArangoDB has developed an open-source database, which combines three data models (graph, key/value, JSON-documents) in one database and one query language.

The startup claims it has had 1.1 million downloads so far in 2016.

People
Target Partners – Kurt Müller (partner).
ArangoDB – Claudius Weinberger (CEO).

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