US-based Neo4j raises $325m in Series F funding round led by Eurazeo, GV

REUTERS/Dado Ruvic

Neo4j, one of the leaders in graph technology, has raised $325 million in a Series F funding round led by Eurazeo with participation from GV (formerly Google Ventures), according to an announcement.

This new round brings the company’s valuation to over $2 billion. Existing investors One Peak (an investor since 2018), Creandum (an investor since 2014), and Greenbridge Partners (an investor since 2016), as well as new investors DTCP and Lightrock, also participated.

In Asia, Neo4j currently has a presence in China, Japan, and Israel. Headquartered in California, Neo4j has offices in Sweden, Germany, Singapore, and the UK.

This fresh funding will fuel the company’s product innovation to provide graph technology across data science, machine learning, cloud deployment, and real-time performance.

The company plans to use the investment to accelerate along three primary dimensions: cloud portfolio, graph data science, and market reach.

“Databases constitute the largest single market in enterprise software, with growth centered in new generations of databases that address today’s data challenges in unprecedented ways,” said Eifrem. “This is a magical time in databases, presenting an opportunity for a handful of generational companies to emerge as leaders in the broader landscape. Neo4j is one of these companies, and today’s record-breaking transaction in the database space demonstrates that our new and existing investors share this belief.”

The company claims that it is serving 800 enterprise customers, including Adobe, AstraZeneca, eBay, Levi Strauss & Co., UBS, Volvo Cars, and Walmart.

As the graph category creator, Neo4j has built a global community of hundreds and thousands of highly skilled application developers and data scientists around its technology ecosystem.

These practitioners are building wide-ranging applications, unable to be served by relational or other NoSQL databases, which require digitising connections in data at scale. Examples include determining the price of an airline ticket in real time, exposing complex criminal networks responsible for cyber attacks, and money laundering activity.

Nathalie Kornhoff-Brüls is a managing director in the growth team of Eurazeo and has been appointed to the Neo4j board of directors.  

“It is clear that the world is becoming increasingly interconnected, from multi-level global supply chains to ubiquitous automation of processes. It is also clear that businesses who are unable to digitise, analyse, and visualise this interconnectedness will be left behind,” said Kornhoff-Brüls.

Eurazeo is a leading global investment group, with a diversified portfolio of €23 billion in Assets Under Management, including €16 billion from third parties, invested in over 450 companies.

With its considerable private equity, real estate and private debt expertise, Eurazeo accompanies companies of all sizes, supporting their development through the commitment of its nearly 300 professionals and by offering deep sector expertise, a gateway to global markets, and a responsible and stable foothold for transformational growth.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.