Friday, September 29, 2023

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TPG agrees to invest $336m in data management platform Denodo

TPG is investing $336 million in Denodo’s Series B funding round, through its TPG Growth platform, including primary capital and secondary shares.


  • TPG’s investment of $336 million is in Denodo’s Series B funding round.
  • Denodo is a US-based data integration, management, and delivery platform.
  • The funding includes primary capital and secondary shares sold by private equity firm HGGC.
  • The deal is subject to regulatory approval and is expected to close early next month, with J.P. Morgan as the sole placement agent.
  • Denodo’s CEO plans to use the funding to expand the company’s global market share.
  • Denodo, founded in 1999, has its headquarters in Palo Alto, California, and offices in 20 countries across North America, Europe, the Middle East, Africa, and Asia Pacific.
  • TPG sees a significant opportunity to accelerate Denodo’s expansion due to the rapid growth in data volume, variety, and velocity.
  • HGGC, a leading investor in Denodo, observes increased future potential for the company after six years of growth.

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