Matillion is a leading provider of cloud-based data extraction and transformation tools, helping companies utilise their data for insights and decision-making. At the time of YFM’s initial investment in 2016, Matillion had only launched a product on one platform, Amazon Web Services. The funding enabled Matillion to accelerate customer penetration within 15 months, but the company actually achieved this in just six months.

Since YFM’s investment, Matillion co-founder and CEO, Matthew Scullion, has grown the Manchester-based enterprise software business from a small team of 18 to over 270 employees, with new offices in New York, Denver, and Seattle. This vital early-stage funding facilitated Matillion’s transition into a significant presence in the US, demonstrating how the UK can nurture the growth of small tech businesses.

Now one of the most successful enterprise software companies in the UK, Matillion is a prime example of VCT funding achieving exactly what it is meant to do—creating a valuable business that provides employment, tax revenue, and exports.

“It’s our view that every company in the world needs to compete using data,” said Matthew Scullion, CEO of Matillion. “And most of the time, they’ll do this in the cloud. Only the cloud offers the speed, agility, power, and economics to cope with the demand for data insights and to manage the exponentially growing data volumes and complexities that we work with today. As the leader in purpose-built data transformation software for cloud data warehouses, Matillion is perfectly positioned to help our customers compete and win using data.”