Capital One Growth Ventures returned to invest in the data warehousing software provider as part of a round that more than doubled its post-money valuation.
US-based data warehousing technology provider Snowflake Computing completed a $450m funding round today that included Capital One Growth Ventures, the strategic investment subsidiary of financial services firm Capital One.
Venture capital Sequoia Capital led the round, which valued Snowflake at $3.5bn pre-money. Altimeter Capital, Iconiq Capital, Madrona Venture Group, Redpoint Ventures, Sutter Hill Ventures, Meritech Capital and Wing Ventures also invested.
Snowflake has created a data warehousing platform for the cloud that enables businesses to store and manage large quantities…
