Gunderson Dettmer represented client Preql, a New York-based developer of a no-code tool for business users to define and manage metrics, in its $7 million Series Seed financing led by Bessemer Venture Partners. The company’s platform enables users to specify what they want to measure and how they want to find their metrics from different data sources, without needing to manually transform that data to meet business needs. The new capital will enable Preql to further develop its product.

In the announcement of the transaction, Leah Weiss said, “We didn’t study computer science or data science, and we found our way learning these tools on the job and had people who gave us opportunities. That’s really what motivates us. So whenever we can, we’re going to try to create opportunities for ourselves and for others to make the data space more accessible, more inclusive, to feel less like a community that’s managed by gatekeeping – and that motivates us.”

The Gunderson deal team was led by Melissa Marks and included Jae Hyung Ryu, Lloyd Lee, and Jessie Chao.

Companies:
Preql
Bessemer Venture Partners