No-code data integration platform Hevo Data has raised $30 million in a Series B funding round. Led by Sequoia Capital India, the funding round also saw participation from Lachy Groom, Chiratae Ventures, Qualgro, and other angel investors.   

As per the startup, the raised funds will be used to scale sales and marketing efforts. Additionally, the startup plans to double the focus on building new products, and build teams in the US and Europe.

Hevo Data | Unified Data Platform

Started by IIT alumni Manish Jethani and Sourabh Agarwal in 2017, Hevo Data is an Automated Unified Data Platform that helps companies understand their users and customers better.

Speaking on the development, Tejeshwi Sharma, MD, Sequoia India, said,

“Hevo Data is building foundational infrastructure to enable bi-directional mobility of data. The more mobile data becomes within organisations, the more useful it shall be. We are impressed by the product DNA of the company – the secret behind the widely-loved product combines the duality of technical sophistication and consumer-grade experience.”

Tejeshwi added,

“Sequoia Capital India is delighted to double down on the partnership with Hevo and lead the Series B round.”

Both the co-founders had earlier co-founded meal delivery startup Spoonjoy, which was acquired by online grocery delivery firm Grofers. Coming back to the startup, Hevo Data has customers in 40 countries across the Asia Pacific, United States, and Europe. 

The startup claims to support over 100 pre-built integrations across databases, cloud storage, SaaS applications, software development kits (SDKs), and streaming services. 

As per the startup, its customer base has increased by five times in the last year. Now, Hevo Data plans to launch its second product called Reverse ETL in early 2022, allowing businesses to use their data to make real-time decisions in their daily operations.

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