Accel in $9m round for Humio

The capital will be used to address demand for the platform, and invest in additional product research and development. Humio also plans to expand the company's partner network, and grow its sales and marketing programmes.

The capital was taken from Accel London V, a fund that held its first and final close in 2016 on €500m. Its broad investment remit is within the technology space; it targets companies operating in the software-as-a-service, e-commerce and IT sectors. The fund makes early- and growth-stage investments with a focus on the UK market.

Accel principal Andrei Brasoveanu will join the board of directors, while venture partner Adrian Colyer will join as a board observer.

Previous funding
TechCrunch and Crunchbase reported that WestHill Capital and Trifork invested a £2.1m seed round in Humio in 2017. Jørn Larsen, Trifork's co-founder and CEO, continued as a Humio board member.

Company
Founded in Aarhus, Denmark, with offices in San Francisco and London, Humio is made up of 19 people. Humio offers log management software providing real-time monitoring, analysis and visibility of log data.

People
Accel Partners – Andrei Brasoveanu (principal); Adrian Colyer (venture partner).
Humio – Geeta Schmidt (CEO).

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• Topics
• Expansion
• Nordics
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• Accel Ventures
• Denmark
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