Soda Data NV

Based in Belgium, Soda Data NV operates as a data quality and governance platform, providing tools that help organizations manage and ensure the integrity of their extensive data sets effectively. Founded in 2018 and headquartered in Brussels, Belgium, Soda Data NV specializes in data quality solutions, primarily serving clients across North America and Europe. The company was co-founded by Maarten Masschelein and Tom Baeyens. In total, Soda has completed 3 deals, with the most recent funding round occurring on July 11, 2024, where it raised USD 14.

00 mn in venture funding from investors including Point Nine Capital and Singular. The total amount raised by the firm stands at USD 14. 00 mn. Soda Data Quality Platform specializes in delivering robust data quality and governance solutions tailored for organizations handling extensive data sets.

The core product offering includes a suite of data quality tools that integrate seamlessly with existing data pipelines, leveraging features such as the Soda Agent for AWS, built-in checks, and customizable tests. These functionalities allow users across various roles to ensure the accuracy and consistency of their data effortlessly. The platform facilitates end-to-end data observability, enabling organizations to monitor their data landscape and implement necessary quality checks. Soda serves a diverse client base, including analysts and data teams in sectors such as finance, healthcare, and technology, operating primarily in North America and Europe, where the demand for reliable data governance is critical.

Soda Data Quality Platform operates primarily on a subscription-based revenue model, providing clients with various pricing plans tailored to their specific data quality needs. Clients typically engage in agreements that include access to the Soda Cloud interface and the Soda API, allowing for seamless integration with other tools in their data ecosystem. The transactions between Soda and its clients are structured to support both direct sales and enterprise partnerships, ensuring a steady revenue stream. The company’s offerings, such as the flagship Soda Cloud and its associated integrations, are designed to empower organizations to conduct efficient data quality checks, maximizing the value derived from their data assets.

As of 2023, the company's EBITDA stands at USD -6,747,272. 20. In July 2024, Soda Data NV raised USD 14. 00 mn in venture funding from returning investors Singular and Point Nine Capital, with participation from unspecified investors.

The funding will be utilized to grow and develop the company product model. As part of its strategy for future growth, Soda Data is focused on expanding its product offerings and enhancing its platform's capabilities to better serve clients. Additionally, the company aims to enter new markets in North America and Europe by the end of 2025, further solidifying its presence in the data quality sector.