Alt Assets TOTVS Ventures, the investment arm of Latin American enterprise software company TOTVS, has led a $22m Series D investment into San Francisco’s cloud-based big data analytics platform GoodData.
TOTVS Ventures joins the company’s existing investors Andreessen Horowitz, General Catalyst Partners, Next World Capital and Tenaya Capital, who also participated in the latest round. The investment marks the first for TOTVS Ventures outside Brazil.
The agreement gives GoodData access to the $9bn Latin America software market through TOTVS distribution channel which in return receives exclusive access to the company’s big data platform in the region, the firm said.
The latest round raises GoodData’s total funding to $75.5m.