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.