December 19, 2022
·
4
min read

IPO: MariaDB lands on the New York Stock Exchange

Portfolio news
IPO: MariaDB lands on the New York Stock Exchange

Today is a historic day. MariaDB plc (NYSE:MRDB), a new generation cloud database company, today announced the completion of its previously announced business combination with Angel Pond Holdings Corporation (“APHC”), a previously publicly traded special purpose acquisition company, resulting in a combined company that is an Irish public limited company renamed MariaDB plc (“MariaDB” or the “Company”).

MariaDB's listing on the New York Stock Exchange is a milestone moment – our founding of the company in 2010, and our investments in the company are a milestone – representing the team's culmination of 12 years of hard work and innovation.

On behalf of the entire team at OpenOcean, we would like to offer our heartfelt congratulations to everyone at MariaDB. After 12 years of tireless effort and dedication, the team has successfully propelled MariaDB to the forefront of the market.

Businesses have increasingly said goodbye to hyperscaler clouds like Amazon for their databases and have chosen MariaDB because they struggled with the limited scalability and availability they offered. MariaDB has grown into a market leader, offering firms truly innovative open-source database software that scales with the cloud-native needs of the modern connected business and lets firms focus on developing cutting-edge customer-facing applications.

I am incredibly proud of the part OpenOcean has played in this journey. After founding and investing in the MariaDB company, we worked hard to bring a top-notch team on board to drive it to global success. At OpenOcean, our founding ethos is to empower the boldest leaders of the data economy, and the team at MariaDB perfectly embodies this mission. It has been a delight to work with such a talented and forward-thinking team that shares our vision of new and emerging technologies to transform our world and people's lives.

-Patrik Backman, General Partner of OpenOcean and Co-Founder of MariaDB

Read the official press release here.

MariaDB made history earlier this year when it announced its joining forces with Angel Holdings. Through the merger, MariaDB became one of the first European technology companies to list in the United States through a SPAC arrangement.  

Read our story about MariaDB’s early days. 

ironSource to Acquire Mobile Advertising and App Monetization Company Tapjoy

Bitrise grabs $60M to keep companies updated with constantly changing mobile requirements

The Truecaller IPO: nine years of “instant” success

OpenOcean’s investment into Surglogs

News from our network

All news
May 14, 2024
·
3
min read

Our investment into Purple Dot

We are excited to back Purple Dot, a London-based pre-ordering and waiting list platform.
October 24, 2023
·
5
min read

From AI Surge to Unicorns: The State of Enterprise Automation in 2023

Our Enterprise Automation Map 2023 offers an extensive overview of the ever-expanding landscape of enterprise automation software, featuring a selection of over 810 enterprise automation companies, boasting valuations exceeding $100M.
September 12, 2023
·
3
min read

OpenOcean x Oxford's Saïd Business School: Why We Created O³, Startup Insights Platform

OpenOcean, in partnership with Oxford's Saïd Business School, has launched O³, an open-access startup insights platform aimed at fostering a data-driven startup ecosystem. Historically, the tech industry has struggled with transparency, leading policymakers, investors, and startups to base decisions on partial information. O³ addresses this gap by providing comprehensive data about startups, their technologies, market strategies, and more. This collaboration of Saïd Business School's research with OpenOcean's know-how offers unmatched insights for evaluating startups and understanding market shifts.