Grand Ventures Announces First InvestmentBy Amanda Lewan on June 29th, 2017 /
Grand Ventures, the new Midwest-focused fund that opened its doors earlier this year, just announced their first investment choosing startup Astronomer based in Cincinnati.
Astronomer is a data engineering platform that helps organizations scale their data and analytics. The startup closed on a $3 Million dollar round, with funding from Grand Ventures, Frontline Ventures, Silicon Valley Bank and more.
Partner at Grand Ventures Tim Streit shared, “Astronomer is led by an incredible team and its value proposition has been validated by some of the most successful companies in the world. Astronomer is providing a critical technology in a massive and rapidly growing market. It represents the growing list of exciting tech companies in Cincinnati and we are excited to make our first investment in the city!”
The startup’s data engineering platform helps to automate heavy lifting through the release of a library of reusable connectors and pipelines that seamlessly collect and route a company’s data from any source, like Salesforce or Google Analytics, into any destination such as MySQL.
“Grand Ventures believes a company’s ability to understand and better serve its customers using data is an increasingly important differentiator. Those companies that most effectively access, analyze, and incorporate data and analytics will be top performers,” Founding partner of Grand Ventures McKeel Hagerty stated. “Companies like Astronomer that empower data insights will help create and capture tremendous value. Stay tuned for more investments in line with this thesis.”
About Grand Ventures I, L.P.: Grand Ventures will provide early-stage capital and strategic support to entrepreneurs building world changing technology companies for Agriculture, Manufacturing, Transportation, and other global industries with strong Midwest presence. For more information, see www.grandvcp.com or contact email@example.com.