Iris et al. invest $40m in Talend

Ellie Pullen
11 December 2013

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Iris Capital and BPI France have led a $40m funding round for French open-source data integration company Talend alongside existing investors Silver Lake, Balderton Capital and Idinvest Partners.

Silver Lake is invested in Talend through Silver Lake Sumeru, which invests in mid-market technology companies.

The substantial capital injection will allow Talend to pursue further international expansion, as well as finance its R&D activities in France.

Iris also announced today that it has taken part in an $11m series-B funding round for Beijing-based Yodo1, alongside GGV Capital, Pavillion Capital and Singtel Innov8.

Previous funding
In June 2006, Galileo Partners invested €2.1m in Talend in exchange for a minority stake. A year later, the company secured a further $3.5m (€2.6m) from Galileo and Idinvest (then AGF Private Equity) in its series-B round. Galileo provided €1m, while Idinvest supplied €1.6m.

The company's series-C round in February 2009 saw new investor Balderton lead a $12m capital injection with participation from Idinvest. Balderton supplied $9m of the total, while Idinvest footed the balance, according to unquote" data.

In April 2010, Talend completed an $8m series-D round with contributions from existing investors Balderton, Idinvest and Galileo.

Company
Founded in 2005, Talend is headquartered in Suresnes with additional offices in Germany, Switzerland, the UK, Japan, China and the US. The company employs 400 staff.

Talend provides software for open-source data integration, designed to tackle big data by providing ready-to-use software that consolidates components of databases such as HBase, mongoDB and Cassandra for simplified data management in a unified, open-source environment.

The company claims that two thirds of its revenues are generated through international sales.

People
Mike Tuchen is the CEO of Talend. The company was founded by CPO Fabrice Bonan and CSO Bertrand Diard. Talend's board of directors includes Idinvest partner Matthieu Baret; Silver Lake managing director John Brennan; and Balderton partner Bernard Liautaud.

Curt Gunsenheimer is a partner at Iris. Thierry Sommelet is a senior investment director at BPI France. In conjunction with the funding round, BPI France will take up a seat on the company's board of directors.