December 19, 2022
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IPO: MariaDB lands on the New York Stock Exchange

Portfolio news
IPO: MariaDB lands on the New York Stock Exchange

Today is a historic day. MariaDB plc (NYSE:MRDB), a new generation cloud database company, today announced the completion of its previously announced business combination with Angel Pond Holdings Corporation (“APHC”), a previously publicly traded special purpose acquisition company, resulting in a combined company that is an Irish public limited company renamed MariaDB plc (“MariaDB” or the “Company”).

MariaDB's listing on the New York Stock Exchange is a milestone moment – our founding of the company in 2010, and our investments in the company are a milestone – representing the team's culmination of 12 years of hard work and innovation.

On behalf of the entire team at OpenOcean, we would like to offer our heartfelt congratulations to everyone at MariaDB. After 12 years of tireless effort and dedication, the team has successfully propelled MariaDB to the forefront of the market.

Businesses have increasingly said goodbye to hyperscaler clouds like Amazon for their databases and have chosen MariaDB because they struggled with the limited scalability and availability they offered. MariaDB has grown into a market leader, offering firms truly innovative open-source database software that scales with the cloud-native needs of the modern connected business and lets firms focus on developing cutting-edge customer-facing applications.

I am incredibly proud of the part OpenOcean has played in this journey. After founding and investing in the MariaDB company, we worked hard to bring a top-notch team on board to drive it to global success. At OpenOcean, our founding ethos is to empower the boldest leaders of the data economy, and the team at MariaDB perfectly embodies this mission. It has been a delight to work with such a talented and forward-thinking team that shares our vision of new and emerging technologies to transform our world and people's lives.

-Patrik Backman, General Partner of OpenOcean and Co-Founder of MariaDB

Read the official press release here.

MariaDB made history earlier this year when it announced its joining forces with Angel Holdings. Through the merger, MariaDB became one of the first European technology companies to list in the United States through a SPAC arrangement.  

Read our story about MariaDB’s early days. 

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