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MBM Commercial advises Humio Limited on $9m investment from US venture capital firm Accel

MBM Commercial advised Humio Limited and its founders on a US $9m Series A investment from venture capital firm Accel. Accel is an early and growth-stage venture capital firm with offices in Palo Alto, San Francisco, London and Bangalore that has invested in companies like Atlassian, Deliveroo, Dropbox, Etsy, Facebook, Slack, and Spotify. The multi-million investment will allow Humio to grow the company's ability to fulfil demand across global markets and expand the development of its unique technology platform. MBM Commercial’s team included Tracey Ginn, Partner, Alexander Lamley, Senior Associate, Gavin Smith, Associate, and Tom Middleton, Attorney, advising on US aspects. David Strong led the Marriot Harrison team which advised Accel.

Humio’s solution enables real-time observability through fast, scalable and efficient log data management. Deployable on any infrastructure including both in the Cloud and On-Premises, Humio enables data aggregation, exploration, reporting and analysis from a range of sources ingesting massive volumes of log data instantly. Humio's innovative data storage and in-memory search/query engine technologies provide customers a cost-competitive log management and analysis solution, all while requiring significantly less hardware and engineering resources. Humio has offices in London, San Francisco, and Aarhus, DK.

Alexander Lamley, MBM Commercial: “The founding team at Humio have created an inspiring business and MBM Commercial was delighted to support their continued growth. This investment is a fantastic recognition of their talent and the strength of the Humio business.”

Geeta Schmidt, CEO Humio: “The expertise that the MBM team has provided us through our fundraising process has been phenomenal.  We felt that Alex and the other members of the MBM team had our best interests in mind throughout the entire process and were able to align with our deadlines in a timely and efficient manner.”

MBM Commercial advises on all aspects of corporate law with particular expertise in both acting for companies receiving investment and a range of investor companies. For further information please get in touch with Alexander Lamley, alexander.lamley@mbmcommercial.co.uk or Tracey Ginn, tracey.ginn@mbmcommercial.co.uk.

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