Big data storage and analytics company MammothDB secures EUR 1.6 million from 3TS Capital Partners and
Empower Capital to further develop its technology platform and continue international expansion.
• MammothDB is a rapidly growing software company with a massively parallel distributed database product
for warehousing and interactive analytics over TBs of data.
• New investment from 3TS Capital Partners and Empower Capital will further enable product development and
Sofia, Bulgaria –19th of May, 2015
3TS Capital Partners, one of the leading European technology growth capital investors and Empower Capital,
a co-investment equity fund established under the European Investment Fund’s JEREMIE programme,
announce the signing of an agreement to provide EUR 1.6 million funding to MammothDB.
Headquartered in Sofia, MammothDB was founded in 2011 by an international team of serial entrepreneurs.
The Company develops an innovative parallel analytics database product, capable of handling very large data
volumes, and has already gained commercial traction with international clients across various industry
The product with the same name enables business users to interactively analyze and create reports over “Big
Data”-sets, without the help of data scientists, using either common reporting tools or MammothDB’s own
web-based SaaS platform.
Furthermore, due to its innovative architecture and smart combination of proprietary and open source
modules, the product is priced at very competitive levels for comparable enterprise-class Data Warehouse /
Business Intelligence systems.
Steve Keil, CEO of MammothDB, commented:
“Until now, Data Warehouse and Business Intelligence systems have been “luxury goods”, affordable only
to a tiny fraction of corporates, who can afford paying for such systems and hiring experts with scarce,
specialized knowledge to maintain and operate them. The mission of MammothDB is to “democratize”
enterprise-class data warehousing and business analytics, make it affordable and easy enough to work with,
so that we can serve the majority of all businesses around the world, which currently still cannot gain
actionable insights from their own data. We’re thrilled to have 3TS and Empower on board, anchoring our
ambitious mission. This institutional investment and the support from both investors will propel us to the
next level of growth, towards fulfilling our vision of creating a new wave of globally available analytics and
insight. We believe that MammothDB is the first powerful, fast and affordable analytics database in the market
which can serve clients from various industries and company sizes.
3TS Investment Manager Svetoslav Stefanov, who led the investment, added: “We are impressed with the
team behind MammothDB and with the technology they have developed. It is reassuring to finally see a
product which really delivers to the expectations the “Big Data” hype has created over the last years. 3TS
have followed Mammoth for some time through the Cisco Entrepreneurs in Residence program and are now
excited to become an investor in MammothDB. We look forward to supporting the Company to further
develop its products and strengthen its position internationally.”
Empower Capital’s Managing Partner Elvin Guri: “We are excited by the opportunity to invest in such an
innovative company with serious growth potential as MammothDB. When we were considering this
investment opportunity, we were impressed by the track record of its founders who are bringing their
extensive skills and experience to manage, develop and make this venture a success. Of course, we are also
very pleased to co-invest alongside 3TS thereby lending our expertise to their extensive technology and
About 3TS Capital Partners
3TS Capital Partners is a leading technology focused private equity and venture capital firm in Europe with
offices in Budapest, Bucharest, Helsinki, Istanbul, Prague, Vienna and Warsaw. 3TS targets investments in
growth sectors including Technology & Internet, Media & Communications and Technology-Enabled Services.
Investors in the 3TS funds totaling over €300 million include EIF, EBRD, Cisco, OTP, Sitra and KfW among others.
Further information is available at: www.3tscapital.com
About Empower Capital
Empower Capital is an equity fund established under the JEREMIE Programme to invest approximately EUR 16
million on a pari-passu basis with private co-investors in Bulgarian eligible SMEs and Mid-Caps with strong
potential for leadership position within their chosen industries. The Fund’s mission is to provide growth capital
and management expertise to late early-stage and growth-stage companies within different market sectors
such as retail, light industry, transportation and logistics, food processing, healthcare and hospitality sectors
and companies from the technology sector.
MammothDB develops analytics database products used to power enterprise data warehousing and business
intelligence solutions, providing actionable insights to the organization. MammothDB’s products leverage new
technologies and architecture, enabling companies to gain interactive enterprise analytics at a disruptive price.
MammothDB can efficiently and in a scalable way accommodate data sizes from GB’s of data up to TBs of “Big
Data”. Further information is available at: www.mammothdb.com
3TS Capital Partners
Tel: +43 1 890 1698
Tel: +359 88 980 8044
Tel: +359 887 926 086
This publication has been produced with assistance of Operational Programme “Development of the competitiveness of
the Bulgarian economy”2007-2013, co-financed by the European Union through the European Regional Development
Fund. The contents of this publication are the sole responsibility of EMPOWER Capital Fund Coöperatief U.A. and can in
no way be taken to reflect the position of the European Union.