# Memgraph

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/memgraph

- Industry: Software
- Headquarters: UK
- Website: www.memgraph.com
- Total disclosed funding: $20M
- Latest round: Seed (Oct 11, 2021)
- Investors on record: 12

## About

Memgraph Ltd., based in England, UK, is a software company founded in 2016 that specializes in high-performance graph databases, enabling real-time analytics and efficient data relationship modeling for various industries.Memgraph Ltd. offers a graph database that facilitates real-time analytics and complex data relationships, serving global clients primarily in North America and Europe. Founded by Dominik Tomicevic, who has a background as an entrepreneur, the company has undergone no significant pivots. The latest funding round, a Seed round in October 2021, raised USD 9.34 mn, led by M12 and including investors such as Heavybit, Counterview Capital, Id4 Ventures, and Mundi Ventures. This funding has brought the total amount raised to USD 9.34 mn.Memgraph specializes in providing a high-performance graph database that supports real-time analytics and complex data relationships. Its offerings cater to industries requiring rapid data processing, including finance, telecommunications, and logistics. Use cases include fraud detection, recommendation systems, and network analysis. The platform is geared towards global businesses, with a focus on enhancing data solutions for clients in North America and Europe.Memgraph generates revenue primarily through subscription-based licensing models, allowing clients to access its graph database software and support services. This model fosters long-term relationships, as companies like financial institutions subscribe to enhance their fraud detection capabilities. The pricing structure is tiered, aligning with the level of service and support, benefiting a diverse customer base from startups to large enterprises.Following the most recent funding round on October 11, 2021, where Memgraph Ltd. raised USD 9.34 mn, the company plans to utilize the funding to expand its team, accelerate research and development, and introduce key features to the market. Plans for growth include targeting new geographic markets and enhancing adoption within the developer community, focusing on delivering innovative solutions that meet the increasing demand for advanced data capabilities.

## Funding rounds

- Seed, Oct 11, 2021, $9.3M — In-Q-Tel, M12, Counterview Capital, Mundi Ventures, Heavybit, Id4 Ventures
- Seed, Mar 12, 2021 — Acequia Capital
- Seed, Jan 1, 2021, $6.7M — In-Q-Tel, M12, Counterview Capital, Mundi Ventures, Heavybit, Id4 Ventures
- Seed, Jan 6, 2017, $2M — Connect Ventures, Star Power Partners, Counterview Capital, Funding London, BDS Capital, Downing
- Seed, Dec 1, 2016, $1.8M — Connect Ventures

## Investors

- Connect Ventures — Seed
- Star Power Partners — Seed
- Counterview Capital (https://capitalatlas.ai/funds/counterview-capital) — Seed
- Funding London — Seed
- BDS Capital — Seed
- Downing (https://capitalatlas.ai/funds/downing) — Seed
- In-Q-Tel (https://capitalatlas.ai/funds/in-q-tel) — Seed
- M12 (https://capitalatlas.ai/funds/m12) — Seed
- Mundi Ventures (https://capitalatlas.ai/funds/mundi-ventures) — Seed
- Heavybit (https://capitalatlas.ai/funds/heavybit) — Seed
- Id4 Ventures (https://capitalatlas.ai/funds/id4-ventures) — Seed
- Acequia Capital (https://capitalatlas.ai/funds/acequia-capital) — Seed