Stockholm: April 22rd, 2020: DbVis Software, a Stockholm-based database management and analysis tool for all major databases, today announces a €5.3 million growth investment led by Industrifonden and Fairpoint Capital.
The new capital will be used to expand product development, strengthen the team and further accelerate growth. The company also announces the appointment of Martin Engdahl as its new CEO, to drive the global expansion of DbVis Software.
Launched in 2003, DbVis is a self-financed, global word-of-mouth success, with over 4.5 million downloads of its database software DbVisualizer. DbVisualizer is a universal database management tool that supports connecting to a wide range of data sources over a standardized protocol. The set of tools in DbVisualizer is identical whether using it in Windows, Linux or macOS, and the combination of database independence and cross platform support let users master a single tool to connect and work with all their data sources.
Today’s funding helps DbVis Software to build on the success and enable the company to move to the next level of growth. In addition to the funding, DbVis Software has appointed Martin Engdahl as CEO to lead the company into its next phase. Martin Engdahl was previously a director at Salesforce Sweden.
Rebecka Löthman Rydå, Investment Manager at Industrifonden explained the decision to invest in the company: "DbVis Software has a long track record of delivering an outstanding product within database visualization. The company has effectively implemented a product led growth strategy for many years. We believe the timing is right to further accelerate growth and expand product offering through our investment. We are very excited to partner with the company founder Roger as well as our newly recruited CEO Martin and to embark on this growth journey together."
DbVisualizer is partly built on open source, with a free edition, as well as a commercial edition. Today the company has over 20 500 paying customers including a mix of Fortune 500 companies, national corporations, academic institutions, startups and independent developers. Facebook, Apple, Netflix are just some of the names on the customer list.
Ulf Lewander, Investment Director at Fairpoint Capital said: "DbVis Software has repeatedly shown that its approach as a universal database tool is one of the best and most commercially viable in multiple markets. We believe DbVis Software is well positioned to continue to fulfil this need and we are delighted to be partnering with such a dynamic and innovative team."
DbVis was founded by Roger Bjärevall, who has a long background in the software industry at both Ericsson and Sun Microsystems, said: “Building a team with Industrifonden, Fairpoint Capital, and the new management will further enhance and strengthen DbVis Software’s go-to-market capabilities and R&D. This is the next logical step to move our product forward and meet the growing demand of our customers.”
About DbVis Software DbVis Software was founded in 2003. It is a privately held company dedicated to developing and selling platform independent tools for database administration and development. Headquartered in Stockholm, Sweden.