March Capital has led a round that boosted the overall funding for the Stanford-backed enterprise data management platform to $75m.

ActionIQ, a US-based data management software provider backed by Stanford University’s Stanford Engineering Venture Fund, secured $32m on Wednesday in a series C round led by March Capital Partners. Sequoia Capital, Andreessen Horowitz and FirstMark Capital also took part in the round, as did, according to TechCrunch, Cisco Ventures, the corporate venturing arm of Cisco. ActionIQ has built a software platform that enables enterprises to analyse customer data in real time in order to offer services tailored to each individual. The series C funds will be channelled into sales, marketing and research and development. Meredith Finn, a partner at March Capital Partners, will join ActionIQ’s board of directors in connection with the round, which increased the company’s overall funding to $75m. ActionIQ raised an undisclosed amount in a 2014 seed round led by Sequoia Capital and $13m in series A funding from Stanford Engineering Venture Fund, Sequoia, FirstMark Capital, Bowery Capital and Amplify Partners in April 2017. Andreessen Horowitz led the company’s $30m series B round, which was also backed by Sequoia Capital, Firstmark Capital and image database operator Shutterstock, six months later. – A version of this article first appeared on our sister site, Global Corporate Venturing.

Subscribe to go deeper

GCV subscribers get access to all our proprietary data and deep-dive articles, as well as the global directory of CVC investors.



Not sure if you have a subscription?