MariaDB Corporation, the company behind MariaDB (a community-developed fork of the MySQL), announced a fundraising round of $27 million from the European Investment Bank (EIB). This brings the total raised to around $67 million. They plan to use the new funding to build out its sales team and products.
There are more than 12 million users worldwide of MariaDB databases. As Ingrid Lunden at TechCrunch noted:
The funding and continued growth for MariaDB is a sign of how open source databases are growing in popularity, but also of how investors are hoping to reap something from that trend.
This wasn’t traditional VC, and was structured, “effectively a long-term loan, combined with some equity.”
