Maria DB, known for the open-source database software it develops and provides, has announced it intends to list on New York Stock Exchange (NYSE) by merging with Angel Pond Holdings, a listing method also referred as a SPAC (Special Purpose Acquisition Company). By doing so, MariaDB becomes the first Finnish company to list on the NYSE through SPAC.
MariaDB also announced it has raised a EUR 92 million Series D funding round wherein the buyer Angel Pond and some of the existing investors invested.
“The foundation for Tesi’s investment was the professional team, the strong technology knowhow and the global and ambitious growth story the company possesses. During the journey there have been several challenges and adversities, but we have always found the right solutions together with the management, board members and investors”, comments the announcements Keith Bonnici, Investment Director at Tesi (Finnish Industry Investment).
Tesi first invested in the company in 2012.
- Press release by MariaDB 1.2.2022
Tesi (Finnish Industry Investment Ltd) is a state-owned investment company that wants to raise Finland to the front ranks of transformative economic growth by investing in funds and directly in companies. We invest profitably and responsibly, hand-in-hand with co-investors, to create the world’s new success stories. Our investments under management total 2.1 billion euros. www.tesi.fi | @TesiFII