Total amount raised
$152 Millions
Latest funding date
3/1/2022
Location
Apollo GraphQL has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform is designed to streamline APIs, databases, and microservices, offering tools for faster development and improved quality.
Keep reading to explore the intricacies of Apollo GraphQL's fundraising journey and the investors backing this innovative platform.
What Is Apollo GraphQL?
Apollo GraphQL, founded in 2016 by Geoff Schmidt, Matt DeBergalis, and Nick Martin, is headquartered in San Francisco, California. The company specializes in API orchestration for cloud-native environments, providing tools to unify APIs into a single, discoverable, and reusable platform.
With a team of 101-250 employees, Apollo GraphQL offers a range of products including GraphOS, Apollo Federation, Apollo Client, and Apollo Server. These tools help engineering teams build unified graphs, accelerating application development and delivering cohesive user experiences.
Their open-source software is widely adopted, and their commercial technologies power many innovative brands. Apollo GraphQL continues to be a leader in the field, driving advancements in API management and orchestration.
How Much Funding Has Apollo GraphQL Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: October 2011
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's initial development and operations.
- Series C
- Amount Raised: $22M
- Date: June 2019
- Lead Investors: Andreessen Horowitz, Matrix
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop GraphQL tools and services.
- Series D
- Amount Raised: $130M
- Date: August 2021
- Lead Investors: Insight Partners
- Valuation at Round: Over $1.5 billion
- Motivation Behind the Round: To advance Apollo's mission of creating pioneering open-source graph technology and expand Apollo Federation to more programming languages.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: March 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing growth and development initiatives.
Total Amount Raised: $152M
Current Valuation: Over $1.5 billion
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm. They focus on high-growth technology and software companies.
- Investment Focus Areas: Technology, software, growth-stage companies.
- Notable Investments: Shopify, Twitter, DocuSign.
- Andreessen Horowitz
- Details: Andreessen Horowitz is a venture capital firm that backs bold entrepreneurs building the future through technology. They invest across various stages and sectors.
- Investment Focus Areas: Technology, consumer, enterprise.
- Notable Investments: Facebook, Airbnb, Slack.
- Matrix Partners
- Details: Matrix Partners is a venture capital firm that invests in early-stage companies. They have a strong focus on technology sectors.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: HubSpot, Zendesk, Gilt Groupe.
- Trinity Ventures
- Details: Trinity Ventures is a venture capital firm that invests in early-stage technology companies. They have a history of supporting innovative startups.
- Investment Focus Areas: Early-stage technology startups.
- Notable Investments: Starbucks, New Relic, Care.com.
- Next47
- Details: Next47 is a global venture firm that invests in innovative technology companies. They aim to support startups that are transforming industries.
- Investment Focus Areas: Innovative technology companies.
- Notable Investments: Formlabs, Markforged, Element Analytics.
What's Next for Apollo GraphQL?
As Apollo GraphQL continues to pioneer the graph for app developers, the opportunities ahead are vast. With over 17 million monthly downloads and a client base that includes 30% of the Fortune 500, the potential for growth is immense. The company’s focus on expanding Apollo Federation to more programming languages and scaling their team positions them well to capitalize on the increasing demand for unified graph solutions.
Future fundraising seems promising, given the strong investor confidence demonstrated in their recent $130 million Series D round. This financial backing will likely fuel further innovation and expansion. However, challenges such as managing the complexity of integrating various APIs and maintaining a competitive edge in a rapidly evolving market remain. Ensuring seamless support across different programming languages and scaling their infrastructure will be critical as they navigate these hurdles.
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