Atomico and Insight Partners Lead $31M Round of Y42
Berlin — A YPOG team led by partner Benjamin Ullrich advised Atomico and Insight Partners on their investment in Berlin-based data startup Y42. The $31 million Series A financing round was co-led by YPOG’s clients, venture capital firm Atomico and New York-based private equity and venture capital investor Insight Partners. Atomico partner Irina Haivas will join Y42’s board as part of the investment. In addition, La Famiglia and Data Community Fund participated in the financing round.
Y42 (formerly Datos Intelligence) was founded in 2020 in Berlin by Hung Dang, who had previously developed a global data platform for publicly traded company CTS Eventim. It’s a scalable data platform that anyone can use, unifying the entire data lifecycle from data source to dashboard in one cloud solution. Y42 connects to the existing data warehouse and allows even users without programming skills to integrate hundreds of data sources and build a scalable BI infrastructure. The company plans to use the raised capital to further accelerate the development of its platform, expand its customer base and grow its team.
Advisor:inside Atomico and Insight Partners: YPOG
Dr. Benjamin Ullrich (Lead Partner/Transactions), Partner
Emma Peters (Transactions), Senior Associate
Dr. Benedikt Flöter (IP/IT), Senior Associate
Christiane Schnitzler (Transactions), Associate
Partners of the firm had previously advised Atomico and Insight Partners on investments in Germany and Austria, respectively.
Founded in 2020 and based in Berlin, Y42 (formerly known as Datos-Intelligence) is developing a data platform that enables any business to harness the power of data efficiently and collaboratively. Founder Hung Dang started the company after experience in startups and data consulting, where he repeatedly encountered companies suffering from the same data problems. The Y42 team is working to develop an industry-agnostic data platform that solves the problems of managing complex data stacks once and for all.
Atomico invests in emerging tech founders in Series A and beyond, with a particular focus on Europe, leveraging its extensive operational experience to accelerate their growth. Atomico was founded in 2006 and has since worked with over 100 ambitious teams — including those at Klarna, Supercell, Graphcore, Compass, MessageBird, Masterclass, Attentive Mobile, Pipedrive and Hinge Health. Atomico’s team of founders, investors and operational leaders has been responsible for global expansion, talent acquisition and marketing at companies ranging from Skype and Google to Twitter and Uber. The company currently manages $4 billion in assets.
About Insight Partners
Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software scaleup companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has received more than $30 billion in capital commitments through a number of funds. Insight’s mission is to find, fund and successfully partner with visionary leaders by providing them with practical, real-world software expertise to drive their long-term success. Through its people and portfolio, Insight fosters a culture based on the belief that scaleup and growth create opportunities for all.
YPOG is a specialist tax and commercial law firm, operating in the core areas of corporate, funds, litigation, tax, transactions, IT/IP and notarial services. The YPOG team advises a wide variety of clients. These include emerging technology companies and family-run medium-sized enterprises as well as corporations and private equity/venture capital funds. YPOG is one of the leading addresses for venture capital, private equity and fund structuring in Germany. Today, YPOG employs more than 70 experienced lawyers, tax advisors, tax specialists and a notary in three offices in Berlin, Hamburg and Cologne. www.ypog.law as well as www.linkedin.com/company/ypog.