15 April 2021
Matthew Scullion, Matillion co-founder and CEO (pictured), spoke to Insider Media this week about the firm’s extraordinary journey so far. The Manchester-based enterprise software business has gone from a small team of 18 in 2015 to over 270 employees with new offices in New York, Denver and Seattle. YFM funds made a £4m investment in Matillion in 2016. Since then the business has raised further investment from US-based venture capital firms, with the latest $100m round closing earlier this year.
YFM’s Managing Director, Dave Hall, is quoted in the piece:
“At the point of our initial investment, Matillion had only launched a product on one platform, Amazon Web Services, with our funding enabling it to accelerate customer penetration.
“It planned to branch out and operate on multiple platforms, including Google and Snowflake, within 15 months, but it actually achieved this within just six months.
“Our provision of vital early stage funding facilitated Matillion’s transition into a significant presence in the US, demonstrating how the UK can nurture the growth of small tech businesses.
“Now one of the most successful enterprise software companies in the UK, Matillion is a great example of VCT funding achieving exactly what it is meant to do – creating a valuable business that provides employment, tax revenue and exports.”
Read the full article, Matillion Eyes ‘Significant Growth’ as CEO Sheds Light on Company Journey by Senior Digital Staff Writer Matthew Ord on Insidermedia.com.
£95.5m Fund Close for YFM, as Firm Stays Focused on Unearthing Exceptional Opportunities for Investors
29 November 2023