Lightdash raises £7.5m for business intelligence platform

Lightdash

Business intelligence platform Lightdash has raised $8.4m (£7.5m) in a seed funding round to develop new features and boost hiring.

Founded in 2021, Lightdash aims to help businesses get the most out of company data by integrating with modern data stacks.

“Data-driven decision-making is central to the success of any modern business. Yet while every company has data, metrics and KPIs, they aren’t always measured or understood in the same way across a business,” said Lightdash co-founder and CEO Hamzah Chaudhary.

“Without this, companies can find their teams adrift when it comes to working towards a shared strategic objective. Everyone from the graduate analyst to the CEO needs to have the shared same context.”

The funding round was led by Accel and featured participation from Moonfire, Y Combinator, and a host of angel investors, including Gitlab CMO Ashley Kramer.

Lightdash is jointly registered in the US and the UK, with the London base acting as the main operating company and de facto centre of the business.

“We love how Lightdash’s forward-thinking BI platform puts native integrations, open-source, and efficiency front and centre,” said Accel partner Andrei Brasoveanu.

“We’re impressed by the early organic traction that Hamzah, Oliver, and the team have achieved so far and we believe that Lightdash has the potential to radically reshape the BI market in the years to come.”

The company also runs a community initiative with the goal of upskilling business intelligence teams, called Lightdash University.