ARQIS advises Y42 on Series A financing round

28. October 2021

ARQIS has advised Y42 (formerly known as Datos Intelligence), the scalable data platform that anyone can use, on a 31 million dollars Series A funding round that brings its total funding to 34 million dollars. The round was co-led by Atomico and New York-based global private equity and venture capital firm Insight Partners, with participation from La Famiglia and Data Community Fund. Atomico Partner Irina Haivas will join Y42’s board as part of the investment.

With a full data lifecycle approach, Y42 takes aim at the siloed and expensive modern data stack, where many companies find themselves paying heavy subscriptions to disparate services that do not communicate together. This includes separate tools for data orchestration, ingestion, and visualization – often maintained by a bevy of outside consultants because they are too complex and resource-heavy to handle in-house. Many large firms stitch together five or more tools, while for start-ups it means resorting to an ever expanding bunch of spreadsheets. Globally, Y42 estimates that currently 12,000 companies annually try to adopt a modern data stack.

The ARQIS team led by Munich partner Dr. Mauritz von Einem not only advised Y42 on this financing round, but also on the seed financing round. The team also supported the startup during its foundation including the set-up of an employee ownership program.

 

Advisors to Y42
ARQIS (Munich): Dr. Mauritz von Einem (Lead; Venture Capital), Marcus Nothhelfer (IP), Dr. Christof Schneider (Corporate/Venture Capital; Düsseldorf); Associates: Benjamin Bandur, Anselm Graf, Louisa Graf (all Venture Capital), Nora Meyer-Stratmann, Nathalie Wintermeier (both IP)

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