Kong has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company's platform offers comprehensive API lifecycle management, including tools for API design, testing, and governance.
Keep reading to delve into the details of Kong's funding journey and the investors who believe in its vision for the future of API management.
What Is Kong?
Kong Inc. was founded by Augusto Marietti and Marco Palladino. The company specializes in API management, service mesh, and ingress controller solutions. Kong's platform helps businesses manage API gateways, AI gateways, ingress, and service meshes securely and efficiently.
Founded in 2017, Kong is headquartered in San Francisco, California. The company has grown rapidly, attracting a diverse group of investors and customers. Kong's tools are designed to streamline API lifecycle management, from design to governance.
With a team of over 200 employees, Kong continues to innovate in the API management space. The company's solutions are trusted by leading organizations worldwide, including Verifone, Goldman Sachs, and Siemens.
How Much Funding Has Kong Raised?
- Series D
- Amount Raised: $100,000,000
- Date: January 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: $1.4B
- Motivation Behind the Round: To accelerate API connectivity
- Series C
- Amount Raised: $43,000,000
- Date: March 2019
- Lead Investors: Index Ventures
- Motivation Behind the Round: Enhance service control platform, focus on security and machine learning, expand in Europe and Asia Pacific markets
- Series B
- Amount Raised: $18,000,000
- Date: March 2017
- Series A (2015)
- Amount Raised: Undisclosed amount
- Date: November 2015
- Series A (2013)
- Amount Raised: $6,500,000
- Date: November 2013
- Unknown
- Amount Raised: $1,500,000
- Date: August 2011
- Seed
- Amount Raised: $101,000
- Date: April 2010
Total Amount Raised: $169,101,000
Current Valuation: $1.4B
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a leading global investment firm focused on public and private companies in the technology sector. Founded in 2001, the firm has a strong track record of backing high-growth companies.
- Investment Focus Areas: Technology, software, consumer, financial technology
- Notable Investments: Facebook, LinkedIn, Spotify
- Goldman Sachs
- Details: Goldman Sachs is a global investment banking, securities, and investment management firm. Established in 1869, it provides a wide range of financial services to a substantial and diversified client base.
- Investment Focus Areas: Financial services, technology, healthcare, consumer sectors
- Notable Investments: Uber, Airbnb, WeWork
- Index Ventures
- Details: Index Ventures is a venture capital firm that invests in technology-enabled companies. Founded in 1996, it has offices in London, San Francisco, and Geneva.
- Investment Focus Areas: Technology, software, life sciences
- Notable Investments: Dropbox, Slack, Etsy
- CRV (Charles River Ventures)
- Details: CRV is an early-stage venture capital firm that has been investing in technology companies for over 40 years. The firm focuses on building world-changing companies from the ground up.
- Investment Focus Areas: Early-stage technology companies, software, consumer, healthcare
- Notable Investments: Twitter, Zendesk, DoorDash
- Andreessen Horowitz
- Details: Andreessen Horowitz, also known as a16z, is a private venture capital firm founded in 2009. The firm invests in both early-stage startups and established growth companies.
- Investment Focus Areas: Technology, software, consumer, healthcare
- Notable Investments: Facebook, Airbnb, GitHub
What's Next for Kong?
As Kong looks to the future, the opportunities are vast. The company is poised to expand its go-to-market operations and double down on engineering efforts to support customers. With the API connectivity market growing exponentially, Kong's platform, Kong Konnect, is set to become a critical component in managing the increasing cloud traffic and services.
Future fundraising opportunities seem likely as Kong continues to scale its operations and technology. The company's ambitious plans to enhance its service control platform and expand into new markets, such as Europe and the Asia Pacific, indicate a need for additional capital. However, challenges remain, including ensuring reliable and secure API connectivity and navigating a competitive landscape.
Use Clay to Get Funding Data
Sales professionals, take your strategy to the next level by leveraging Clay's platform to access comprehensive fundraising data on companies like Kong and gather other critical business insights.
Sign up for free on Clay and start making data-driven decisions today.
