OpenOcean portfolio company Hygraph, a leading federated content platform, announced the closure of a $30 million Series B funding round led by One Peak. OpenOcean is delighted to continue to be part of the journey since it led Hygraph’s Series A, and welcomes the participation of both existing and new investors, including Peak, SquareOne, and business angel Boris Lokschin, Co-Founder and CEO of Spryker Systems.
"In the same way the headless CMS changed content distribution, Hygraph is disrupting the integration of content and data to enable the creation of new digital services and business models in the content economy. Our new funding round will allow us to further scale our business, as we aim to do for content management what the likes of MuleSoft did for integration," said Michael Lukaszczyk, CEO and Co-Founder, in Hygraph’s blog post.
Hygraph's Evolution From Headless CMS to Federated Content Platform
Hygraph is vital for modern enterprises striving to provide best-in-class digital experiences and stay competitive – all while excelling in the data economy. With the ever-growing demand for connected digital services, organizations face challenges of costly custom solutions. Today, it's not just about distributing content across multiple devices; organizations must also efficiently access and serve up content from a myriad of disconnected sources.
The platform is GraphQL-native, enabling it to deliver top-tier performance for even the most extensive datasets and most complex use cases.
The company has come a long way, from headless CMS to becoming a category-defining federated content management platform. This transition was crucial, allowing Hygraph to rebrand and reposition itself to better serve the evolving content management landscape. Lessons learned during this transformation have shaped Hygraph's new strategy, enabling the company to adapt to emerging trends and stay ahead of the competition.
Today, Hygraph works with 400+ customers globally, including Dr. Oetker, Shure, Samsung, Philips and Ashley Furniture.
The Market Potential of Federated Content Management Platforms and Pursuing Global Growth with a Focus on North America
Hygraph's federated content platform offers versatile use cases, including catalogs, streaming services, and AI generated content. These applications highlight the platform's ability to address a wide range of content management needs for businesses across various industries.
The market for federated content management platforms is highly attractive, with several factors supporting growth in the sector. The increasing demand for connected digital experiences, coupled with the rise of composable architecture and surging amounts of content, has created a lucrative opportunity for solutions like Hygraph.
Headquartered in Berlin, Hygraph currently employs 70 people globally, from San Francisco to Manila. According to Hygraph's blog post, the following steps for Hygraph involve leveraging the Series B funding to support ongoing platform innovation and scale the company's go-to-market, focusing on North America.
"We are honored to be able to continue to support Hygraph's journey," said Ekaterina Almasque, General Partner, OpenOcean. "The Series B validates the company's unique position as an emerging leader in the next-generation enterprise content management stack. Its powerful GraphQL-native federated platform enables customers to build products like streaming services or fast-moving catalogs with unprecedented speed and ease, without relying on large engineering teams. We're delighted to be involved in the strides that Hygraph has made since our early-stage investment to reposition the company, rebrand, and show their unique proposition to the enterprise market."
More about the funding round in the latest TechCrunch article.