Foley & Lardner LLP advised lead investor New Enterprise Associates, Inc. (NEA) in Datafold’s $20 million Series A fundraising round. NEA was joined by Amplify Partners as an additional investor in Datafold’s most successful fundraising round to date.
Datafold is a data reliability platform that helps data teams deliver reliable data products faster. It has a unique ability to identify, prioritize, and investigate data quality issues proactively before they affect production. Founded in 2020 by veteran data engineers Gleb Mezhanskiy and Alex Morozov, Datafold has raised $22 million from investors, including NEA, Amplify Partners, and YCombinator.
Datafold seeks to expand its proactive approach to data reliability to help companies unlock more growth using high-quality data. One of Datafold’s first plans with this new round of funding is to expand its team.
The Foley team was led by Partner Louis Lehot and Associate Saige Gallop, with support from Special Counsel Catherine Zhu.
About NEA
New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors, and geographies. With nearly $24 billion in cumulative committed capital since the firm’s founding in 1977, NEA invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of successful investing includes more than 230 portfolio company IPOs and more than 390 mergers and acquisitions.