.
MergerLinks Header Logo

New Deal


Announced

Completed

Insight Partners led a $30m Series B round in PlanetScale.

Financials

Edit Data
Transaction Value£21m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

database-as-a-service

Domestic

Venture Capital

Acquisition

Private Equity

Friendly

Completed

United States

Data Centers and Hosting

Minority

Single Bidder

Private

Synopsis

Edit

Insight Partners, an American venture capital and private equity firm based in New York City, led a $30m Series B round in PlanetScale, a database-as-a-service provider, with participation from a16z and SignalFire. "We set out with the goal of bringing the immense power of Vitess — a database technology made by and for hyperscalers with infinite resources — to anyone who needs a database that can be provisioned instantly by a single developer and used indefinitely, no matter how large their project or company grow. I am so proud to be able to say that we, with the help of our investors and the strength of our team, have achieved that goal. We are now focused on getting PlanetScale into the hands of the developers that need it most and look forward to seeing what amazing things they are able to create with it," Jiten Vaidya, PlanetScale Founder and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US