French data-sharing specialist Opendatasoft eyes North America and Europe with $25m war chest

By | 13th January 2022

French data-sharing platform Opendatasoft has raised $25m (€22m) in funding.
The capital, raised from a mix of existing and new investors, will be used to help the company meet its goal of “democratising data use” and accelerate its global expansion plans.    
The data specialist is eyeing up North America with an expansion of its Boston office as well as boosting activities across Europe, including entering new vertical markets, such as retail, services and healthcare over the next ten years.
Established in 2011, Opendatasoft is based in Paris and also has a subsidiary in Boston and an office in Nantes.
It claims its SaaS solution allows companies, local authorities, and public administrations to organise, share, and visualise any type of data, as well as make data available via APIs.
“This new funding allows us to target new goals, particularly supporting the many organisations whose stored data is not yet fully accessible or widely used by all,” said Opendatasoft CEO and co-founder, Jean-Marc Lazard. 
“We want to expand data access and sharing, helping organisations tap into the potential that it holds for improving their operations, creating new sources of income, building relationships of trust with stakeholders, and responding to the economic, societal, and environmental issues facing us all.”
Opendatasoft has a steady history of previous funding rounds. 
It was awarded €1.5m in seed funding from the venture capital fund Aurinvest in 2015.
A year later the company was granted €5m in Series A funding from Aster Capital, Salesforce Ventures, Aurinvest.and Caisse des Dépôts et Consignations, who were joined two years later by UL Ventures. 

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