MMC leads £4m series A round for Snowplow

Author

MMC Ventures

25 November 2019

Every industry now has its own ‘Amazon’, ‘AirBnB’ or ‘Uber’: a determined tech or product-led disruptor that is using data to drive insights. In this new world, there’s an increased demand for organisations to become much more data-informed. Snowplow enables data teams to build the strategic foundation for their customer data from which they can gain deeper insight into customer behaviour.

Snowplow was founded in 2012 by Alexander Dean and Yali Sassoon following their own immense frustration when trying to unlock granular data from the likes of Google Analytics and Omniture (now Adobe Analytics). This experience inspired the pair to develop an open-source platform that would enable companies to collect their own customer behavioural data – anything from searching or shopping, to working or playing – across their entire digital estates.

“Snowplow was founded with the aim of freeing data teams from the constraints imposed by traditional analytics vendors. Every industry now has its ‘Amazon’, ‘AirBnB’ or ‘Uber’: a determined tech or product-led disruptor that is using data to drive insights. In this new world, there’s an increased demand for organisations to become much more data-informed. Snowplow helps data teams build that strategic foundation for their customer data.”

Alexander Dean, CEO and Co-founder of Snowplow

Snowplow is also widely used to build data products. Snowplow already has over 150 customers across a broad range of sectors and geographies, including Strava, La Presse, The Economist, Weebly, Hudl, Auto Trader, Omio and Secret Escapes. Auto Trader replaced its home-grown platform with the Snowplow product; La Presse powers its real-time marketing automation with Snowplow data.

We’re excited to lead the series A funding round for this impressive team. The funding will support the company’s continued expansion in the US and Europe and will help to further develop the technology behind its product.

“High quality customer data is the foundational building block for any data orientated company. The Snowplow technology has data ownership, governance and control at its core – a proposition loved by data teams who have deployed Snowplow open source products on over 600k websites, globally. I’ve been really impressed by the entire team and their plans for the future and we’re really excited to be partnering with them on the next phase of the Snowplow journey.”

Oliver Richards, Investment Director at MMC Ventures

“It’s fantastic to have the MMC Ventures team on board as our first VC investor. Ollie and the team showed huge engagement with our product and real enthusiasm for what we’re doing, so it felt an obvious, natural fit. We’re excited to see how their support will spur us on in this next phase of growth.”

Alexander Dean, CEO and Co-founder of Snowplow

Read more on the Snowplow fundraise via Tech.eu and EU Startups.

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