Neo4j in a $66 million Series F funding extenison led by Inovia Capital and joined by Alanda Capital and One Peak

Neo4j, a Malmö, Sweden-based SAAS developer of a graph platform, announced a $66 million series F extension round.

The money was raised from lead investor from Inovia Capital, joined by Alanda Capital Management and One Peak. Neo4J initially closed series F at $325 million in the summer fo 2021.

In conjunction to the deal, Inovia Capital's partner Patrick Pichette has been appointed to the company’s Board of Directors.

Neo4J, founded in 2017 by CEO Emil Eifrém, Johan Svensson and Peter Neubauer, developed a SAAS graph database sold to companies in order to show how people, processes, locations and systems are interrelated. The company, which has moved its HQ in the USA, has more than 950 enterprise customers, including Adobe, AstraZeneca, eBay, Levi Strauss & Co., UBS, and Volvo Cars, Neo4j is the world’s most widely deployed graph database.

Neo4j raised $30 million in 2020 out of a total of almost $525M.