NEA, Lightspeed Ventures lead $50m MuleSoft funding round

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network dataEarly-stage investment majors NEA and Lightspeed Venture Partners have renewed their commitment to data integration business MuleSoft by leading a $50m financing round.

New investor Meritech Capital Partners also took part in the round with returning backers SAP Ventures, Hummer Winblad Venture Partners, Morgenthaler Ventures and Bay Partners.

MuleSoft, which has raised $131m to date, said the new capital would be used to “accelerate its rapid global growth”.

NEA general partner Scott Sandell said, “The number of connected devices is growing exponentially. Businesses need to take advantage of this tectonic shift or be left behind.

“We invested in MuleSoft because we see a company that has the potential to disrupt one of the largest markets in technology.

“With this round, MuleSoft establishes itself as the de facto integration platform, with by far the strongest product, community, team and financial backing in the industry.

“MuleSoft is poised to be the big winner and we are proud to back the company as they take on this massive market.”

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