The fast growing data.world, a social network for data people, Tuesday announced it has closed on $18.7 million in venture capital funding.
The Austin-based startup reported the funding round closed at double the valuation of its previous round. To date, data.world has raised $32.7 million. The company plans to use the money to build its data platform.
Pat Ryan’s family investment group led the round with participation from Chicago Ventures, Fyrfly Venture Partners, Hunt Technology Ventures LP, LiveOak Venture Partners, Shasta Ventures and Sherpa Asset Management AG. Angel investors included John Mackey, co-founder and CEO of Whole Foods, Daniel Pruitt, serial entrepreneur, Arthur Patterson, cofounder of Accel and former director of the National Venture Capital Association, Walter Robb, former co-CEO of Whole Foods; Adam Ifshin, CEO of DLC Management Corp.; Ralph Mack of Mack Capital; Adam Zeplain, investor in After School and Andela; Scott Booth, initial investor in Alibaba and cofounder of Lead Edge Capital and Kip Tindell, cofounder and Chairman of The Container Store.
“Amazing things happen when people join forces and use data to answer questions, solve problems and rise to solve our most urgent societal challenges together,” Brett Hurt, cofounder and CEO of data.world, said in a news statement. “We’re proud to welcome an extraordinary group of investors on our journey to radically improve data discovery, usability, and most importantly, collaboration. Closing this second funding round so close to our first, and with most of it still in the bank, is a tremendous validation of the opportunity in front of us and the rapid progress we’ve made since our preview launch in July.”
Since its launch in July of 2016, data.world, has worked on data projects with the White House, the Anti-Defamation League, the U.S. Commerce Department, the U.S. Department of Defense, the Central Intelligence Agency and others. data.world is a Certified B Corporation.
“data.world is cracking the code on building a platform company that is transformational in its impact on business and society,” Jason Pressman, Managing Director at Shasta Ventures and data.world Board of Directors member, said in a news statement. “data.world has solved the hard, high-scale technical and social challenges involved in data collaboration to deliver an essential tool for all kinds of groups doing meaningful work.”