Sequoia Leads $30M Round for Visualization App-Maker MeLLmo
Del Mar, CA-based MeLLmo, which provides visualization software that transforms data from spreadsheets and other business software into interactive graphics for the iPhone and iPad, says today it has secured $30 million through a round led by Sequoia Capital.
This is MeLLmo’s first round of institutional financing. The startup had previously raised $20 million from private investors in three rounds, including $10 million that was raised just ten months ago.
In a statement this afternoon, the specialized business intelligence provider says it plans to expand its suburban San Diego headquarters and grow its presence worldwide with offices in Boston, New York City, San Francisco, London, and Shanghai.
The company says in coming weeks it also is planning to launch Roambi Flow. The new product is a Web-based platform for the business market that enables any iPad users to create and securely share all types of business information and intelligence via an intuitive online publication that looks much like a digital magazine-like report.