Neo4j to close a $325 million series F round backed by Eurazeo and GV .

Neo4j, a Malmö, Sweden-based SAAS developer of a graph platform, announced the completion of a $325 million series F funding round.

The money was raised from investors led by Eurazeo and GV (formerly Google Ventures), which were joined by existing shareholders Creandum, Greenbridge and One Peak, as well as by new backers DTCP (formerly Deutsche Telekom Capital Partners) and Lightrock.

The company says that deal was made at over $2 billion valuation.

Proceeds will be used for expansion of the portfolio of multi-cloud services, for graph data research and for market expansion.

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 800 customers, including Adobe, AstraZeneca, Hästens, Previa and Volvo Cars.

Neo4j raised $30 million in 2020 out of a total of almost $200M.