SnapLogic takes on new backers and closes Series C

London and California-based SnapLogic has used its Series C funding round to acquire a further $20 million (£12.3 million) of development capital.

New investor Ignition Partners has joined forces with existing backers Triangle Peak Partners and Andreessen Horowitz to support SnapLogic.

Enterprise cloud integration business SnapLogic has its headquarters in California and EMEA base in London. It provides services aimed at the enterprise market which aid with new cloud and software-as-a-service (SaaS) applications.

SnapLogic’s fundraising history has seen it raise a split Series A round of $2.5 million and $2.3 million, starting in May 2007 and ending in October 2009. Its Series B round was worth £10 million, and saw Andreessen Horowitz join as an institutional backer.

It latest, and largest, funding round also sees Frank Artale of Ignition Partners join the board of directors which also includes Gaurav Dhillon and Ben Horowitz, co-founder of SnapLogic and general partner at Andreessen Horowitz respectively.

Dhillon, chairman and CEO of SnapLogic comments, ‘2012 is shaping up to be a spectacular year for SnapLogic.

‘This investment validates our achievements, and the huge opportunity we see for a flexible enterprise cloud integration platform to on-board cloud applications and connect them with mission-critical, on-premise applications and data.’

Horowitz of Andreessen Horowtiz says that the firm has continued to be impressed by the strong momentum SnapLogic has gained.

He adds, ‘Gaurav pioneered this industry years ago with Informatica, and is reinventing it today with SnapLogic’s innovative cloud architecture and the ability to containerise all kinds of data through its ubiquitous Snaps,’

Hunter Ruthven

Hunter Ruthven

Hunter was the Editor for from 2012 to 2014, before moving on to Caspian Media Ltd to be Editor of Real Business.

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Early Stage Funding