VCs commit $5.2m to Australian big data start-up Instaclustr

Bailador contributed A$4 million to the investment, with a further A$2 million coming from Our Innovation Fund and existing backer ANU Connect Ventures. The balance of A$1 million was supplied by unnamed investors.

The capital will be used to expand sales and marketing channels in Asia, North America and Europe as well as adding new features and capabilities to the company's cloud-based big data management technology. It will also be applied to expanding the core engineering and technical support team in Canberra.

"We see a very big future for NoSQL databases and broader open-source data technologies, with an addressable market of more than $5 billion," David Kirk, co-founder and managing partner at Bailador, said in a statement. "It was clear through our due diligence that Instaclustr is the market leader, underpinned by a world-class team and deep expertise in this vertical. We are delighted to join them in building another hugely successful international Australian tech company."

Founded in 2013, Instaclustr offers platform services that reduce the complexity and operational overhead associated with big data applications. This promotes efficiency in core software applications for clients with massive data management requirements. It is focused on five key use cases, including the internet-of-things, personalization, messaging, fraud detection and list management.

The company, which has partnered with Accenture and IBM, claims to have realized year-on-year growth in recurring revenue of more than 100%, and currently generates more than 90% of its revenue outside Australia. It maintains offices in Japan, the US and the Netherlands.

Bailador was founded in 2010 and makes minority investments of A$2-10 million in IT start-ups. Focus areas include big data, e-commerce and subscription based internet business, online marketplaces, software-as-a-service, online education and telecommunication applications.

ANU Connect Ventures is the fund manager for the Australian National University-Motor Traders Association of Australia Super Venture Capital Partnership (ANU-MTAA), a A$30 million fund that makes commercialization, pre-seed and early-stage private equity investments. It focuses on developing Canberra-based researchers.

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• Topics
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