Total amount raised
$350 Millions
Latest funding date
Location
GitHub has successfully raised significant funding over multiple rounds, culminating in its acquisition by Microsoft for $7.5 billion. The platform offers a comprehensive suite of tools for developers, including AI-powered features and advanced security options.
Keep reading to explore the intricacies of GitHub's fundraising journey and the investors backing this influential platform.
What Is GitHub?
GitHub, founded on February 29, 2008, in San Francisco, California, is a leading platform for developers to build, ship, and collaborate on software projects. The company was established by Chris Wanstrath, PJ Hyett, Scott Chacon, and Tom Preston-Werner.
Offering a suite of tools including AI-powered coding assistance, security features, and automation workflows, GitHub supports both open-source and private projects. The platform enables developers to store and share code repositories, collaborate through version control, and manage issues efficiently.
With a workforce of 501-1000 employees, GitHub continues to innovate and expand its services, making it an essential resource for developers worldwide.
How Much Funding Has GitHub Raised?
- Series A
- Amount Raised: $100M
- Date: July 2012
- Lead Investors: Andreessen Horowitz
- Valuation at Round: $750M
- Motivation Behind the Round: To scale operations and expand the platform's capabilities.
- Series B
- Amount Raised: $250M
- Date: July 2015
- Lead Investors: Sequoia Capital
- Valuation at Round: $2B
- Motivation Behind the Round: To accelerate growth, expand sales and engineering teams, and push international strategy forward.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: June 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: December 2015
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
Total Amount Raised: $350M. Current Valuation: $2B.
Key Investors
- Sequoia Capital
- Details: Sequoia Capital is a venture capital firm that invests in early and growth-stage companies. It has a long history of backing successful tech startups.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Apple, Google, Oracle, PayPal, YouTube.
- Andreessen Horowitz
- Details: Andreessen Horowitz is a private venture capital firm that provides seed, venture, and growth-stage funding. It is known for its influential role in the tech industry.
- Investment Focus Areas: Software, mobile, cloud computing, internet services.
- Notable Investments: Facebook, Twitter, Airbnb, Lyft, Slack.
- Thrive Capital
- Details: Thrive Capital is a venture capital firm focused on media and internet investments. It has a reputation for identifying high-potential startups.
- Investment Focus Areas: Internet and software, financial technology, healthcare.
- Notable Investments: Instagram, Stripe, Robinhood, Slack.
- Institutional Venture Partners (IVP)
- Details: IVP is a later-stage venture capital and growth equity firm. It specializes in investing in high-growth technology companies.
- Investment Focus Areas: Technology, media, internet companies.
- Notable Investments: Twitter, Dropbox, Snapchat, Supercell.
- EquityZen
- Details: EquityZen is a platform that connects shareholders of private companies with investors seeking alternative investments. It facilitates secondary market transactions.
- Investment Focus Areas: Alternative investments, secondary market transactions.
- Notable Investments: SpaceX, Palantir Technologies, Robinhood.
What's Next for GitHub?
GitHub's future is brimming with opportunities. With a recent $250 million funding round, the company is poised to accelerate growth, expand its sales and engineering teams, and take larger risks. The potential for international expansion, such as the new office in Japan, and possible acquisitions, positions GitHub to further solidify its market presence.
As the industry trends towards increased adoption of Git and the growth of enterprise services, GitHub's opportunities are vast. Future fundraising could be on the horizon to support these ambitious plans. However, challenges like competition from other Git-based services and maintaining a growing user base, especially converting free users to paying customers, remain. Successfully navigating these hurdles will be crucial for GitHub's continued success.
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