Arrowroot Capital leads SnapLogic's $72 million growth financing
SnapLogic, a San Mateo, California provider of an AI-powered integration platform, announced on October 2, 2019 that it had raised $72 million in growth financing. The round was led by Arrowroot Capital, a US growth equity firm specializing in B2B SaaS, and joined by Golub Capital and existing investors. SnapLogic said the funding would bolster its market leadership and accelerate global expansion.
SnapLogic's platform handles application integration, data integration, API management, B2B integration and data engineering in a single self-service product. At the time of the round the company named Adobe, AstraZeneca, Bristol-Myers Squibb, Emirates, Schneider Electric, Siemens, Sony and Wendy's among its customers, and Gaurav Dhillon was CEO. Arrowroot Capital lists SnapLogic, under integration platform as a service, as a current portfolio company.
