Total amount raised
$8.6M
Latest funding date
2023-11-02
Location
Koyeb has raised a total of $8.6 million across two funding rounds, establishing itself as a notable player in the serverless application deployment space. The platform offers high-performance infrastructure solutions designed to streamline the deployment of APIs, inference models, and databases.
What Is Koyeb?
Koyeb, founded by Yann Leger, Bastien Chatelard, and Edouard Bonlieu, is a serverless platform designed to deploy applications globally without the need for operations, servers, or infrastructure management. Based in Paris, France, the company leverages high-performance infrastructure to streamline the deployment of web applications, APIs, and event-driven workloads across multiple cloud service providers.
With a team of 11-50 employees, Koyeb aims to reduce deployment time and operational complexity for businesses and developers. The platform offers automatic scaling, global availability, and support for any stack, making it a versatile solution for modern cloud computing needs.
How Much Funding Has Koyeb Raised?
- Pre-Seed Round
- Amount Raised: €1.4 million (~$1.6 million USD)
- Date: October 2020
- Lead Investors: Jean-David Chamboredon and Juliette Mopin from ISAI
- Motivation Behind the Round: To support the development of Koyeb's serverless data-processing engine, simplifying data-processing workflows across multiple cloud providers.
- Seed Round
- Amount Raised: $7 million
- Date: November 2, 2023
- Lead Investors: Bertrand Diard and Floriane de Maupeou at Serena
- Motivation Behind the Round: To advance Koyeb's serverless platform and enable developers to deploy full-stack applications and databases globally without managing infrastructure or rewriting code. Participating investors included ISAI, Samsung Next, MongoDB, Raise Phiture, and several angel investors including Robin Vasan (MangoCap), Alexis Lê-Quôc (Datadog), and Zachary Smith (Packet/Equinix).
Koyeb has raised a total of $8.6 million in funding across two rounds (pre-seed in October 2020 and seed in November 2023).
Key Investors
- Serena
- Details: Serena is one of Europe's leading venture capital funds, with €1 billion under management. It led Koyeb's $7M seed round in November 2023.
- Investment Focus Areas: Technology, SaaS, Developer Tools
- Notable Investments: Shazam, Dailymotion, BlaBlaCar
- ISAI
- Details: ISAI is a French venture capital firm backed by over 250 tech entrepreneurs. It led the pre-seed round in 2020 and also participated in the 2023 seed round.
- Investment Focus Areas: Technology, SaaS, Fintech
- Notable Investments: BlaBlaCar, Evaneos, Tinyclues
- Samsung Next
- Details: Samsung Next is the venture and innovation arm of Samsung Electronics, investing in early-stage software and services startups globally.
- Investment Focus Areas: Software, Cloud, AI, Developer Tools
- Notable Investments: Various early-stage tech startups globally
- MongoDB
- Details: MongoDB is a leading database platform company that participated as a strategic investor in Koyeb's 2023 seed round.
- Investment Focus Areas: Developer Tools, Cloud Infrastructure, Databases
- Notable Investments: Strategic investments in developer ecosystem companies
- Kima Ventures
- Details: Kima Ventures is a venture capital firm backed by Xavier Niel that invests in early-stage startups. It participated in Koyeb's 2020 pre-seed round.
- Investment Focus Areas: Technology, Internet, Software
- Notable Investments: TransferWise, Zenly, Algolia
What's Next for Koyeb?
As Koyeb looks to the future, the company is poised to capitalize on the growing demand for seamless data-processing workflows across multiple cloud providers. The expanding cloud computing market, particularly in the multi-cloud and hybrid cloud segments, offers substantial opportunities for Koyeb to attract enterprise clients seeking scalable and efficient solutions.
With a successful pre-seed round behind them, Koyeb may pursue additional funding rounds to scale operations and enhance service offerings. Future fundraising could target larger venture capital firms and strategic investors, potentially leading to partnerships with major cloud providers. However, the company will need to navigate challenges such as competition from established players and ensuring seamless integration with various cloud-native APIs.
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