Fidelity Growth Partners Europe Leads New Round

GoodData today announced that it has closed Series A funding, adding $6.5 million in new capital, in addition to the $5 million raised in seed funding in 2009. This funding round was led by a new investor Fidelity Growth Partners Europe, and included participation from existing investors General Catalyst Partners, Andreessen Horowitz and Windcrest Partners.

GoodData provides an on-demand business intelligence service, delivering operational dashboards, advanced reporting and data warehousing at a fraction of the cost and complexity of other approaches. Through partnerships with SaaS providers and an active developer network, GoodData powers over 100,000 reports and 5,000 dashboards each month, all on a true multi-tenant cloud-based BI platform as a service (PaaS).

“GoodData has the right recipe to disrupt the multi-billion dollar BI market,” said Simon Clark, Partner at Fidelity Growth Partners Europe. “GoodData combines game-changing technology with an innovative go-to-market approach that’s too good to pass up.”

Key Company Highlights:

• November 2009: Introduced commercial SaaS applications for self-service dashboards and operational reporting across sales, marketing and customer support
• December 2009: Won 2009 Amazon Web Services startup challenge, beating over 1,000 companies building their business on the cloud using AWS
• June 2010: Opened up a complete BI Platform-as-a-service (PaaS), giving technical enablers open APIs and freely available developer tools to build their own BI apps
• July 2010: Launched GoodData for Zendesk, a powered by GoodData offering providing free dashboards and advanced analytics for all Zendesk Plus+ customers

“I founded GoodData to break the BI stranglehold,” said Roman Stanek, GoodData Founder and CEO. “This new funding allows us to continue building out our BI PaaS, and to leverage the unfair economics of the cloud to further disrupt the BI market.”

About GoodData

GoodData is the first company to offer a complete business intelligence platform-as-a-service (BI PaaS), providing our customers and partners operational dashboards, advanced reporting and data warehousing at a fraction of the cost and complexity of other approaches. GoodData is headquartered in San Francisco and located in the cloud at http://www.gooddata.com.

About Fidelity Growth Partners Europe

Fidelity Growth Partners Europe is a venture and growth capital investor which backs entrepreneurial companies in the IT and clean technology sectors across Europe. FGPE supports portfolio companies as they accelerate their growth with funding, team building,  partnerships and access to its global network.  Building on Fidelity’s 40 year heritage of venture investing, the firm has established a significant presence in Europe and invested in many of the leading European technology companies including Curam, Qumas, Newbay, Seatwave, Neverfail and Asset Control.  In January 2010, FGPE raised a new £100 million fund dedicated to backing European technology companies.

About General Catalyst Partners

General Catalyst Partners is a venture capital firm that invests in exceptional entrepreneurs who are building the technology-based companies that will lead innovation and transform industries. Founded in 2000, General Catalyst Partners leverages its principals’ extensive operational, business development and technological expertise to provide portfolio companies with a catalyst for success through business-building and partnership development assistance. General Catalyst is headquartered in Cambridge, Mass. For more information, please visit: http://www.generalcatalyst.com