Index Ventures acquires a stake in Xata
Jan Schulte
| 20.09.2021
According to its own information, the young Berlin-based start-up has raised five million US dollars in a financing round.
Xata's product is still in the middle of the development phase. Nevertheless, the start-up, whose platform enables developers to distribute so-called serverless or low-code apps, says it has raised five million US dollars. Venture capitalist Index Ventures is leading the round. Operator Collective, SV Angel, XFactor, Firstminute and other business angels also participated.
"Databases today are still too complicated and leave too much for the developer to take care of themselves," founder Monica Sarbu writes in a post. She wants to develop a database service that is as easy to use as possible. According to Sarbu, this requires a team that is attuned to the needs of non-developers and developers, while also being able to dive deep into the complexity of distributed systems.
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