Total amount raised
$20 Millions
Latest funding date
2/1/2024
Location
n8n has successfully raised $60 million in a recent funding round, with notable investors including Felicis Ventures, HV Capital, and Harpoon. The platform offers a robust workflow automation tool that integrates AI capabilities, making it accessible for users without extensive coding skills.
Keep reading to explore the intricacies of n8n's fundraising journey and the investors backing this innovative platform.
What Is n8n?
n8n, founded in November 2019 by Jan Oberhauser, is an open-source workflow automation tool based in Berlin, Germany. The platform allows users to automate tasks and integrate various services, making it accessible for those without extensive coding skills. With a team of 101-250 employees, n8n continues to innovate in the field of business process automation.
How Much Funding Has n8n Raised?
- Seed Round
- Amount Raised: $1.5M
- Date: March 2020
- Lead Investors: Firstminute Capital, Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the product and gain early market traction.
- Series A
- Amount Raised: $12M
- Date: April 2021
- Lead Investors: Felicis Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in the product, build the team, and hire across various functions including engineering, developer relations, sales, and marketing.
- Convertible Note
- Amount Raised: $1.5M
- Date: November 2022
- Lead Investors: Harpoon
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To secure additional capital for scaling operations and product development.
- Series A
- Amount Raised: $5M
- Date: February 2024
- Lead Investors: Felicis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform's capabilities and market reach.
Total Amount Raised: $20M. Current Valuation: Not publicly disclosed.
Key Investors
- Felicis Ventures
- Details: Felicis Ventures is a venture capital firm that focuses on early-stage investments. They have a diverse portfolio and are known for backing transformative companies.
- Investment Focus Areas: Enterprise, consumer, healthcare, frontier technologies.
- Notable Investments: Plaid, Shopify, Adyen, Fitbit.
- Sequoia Capital
- Details: Sequoia Capital is a renowned venture capital firm that invests in seed, early, and growth-stage companies. They have a long history of supporting some of the most successful tech companies.
- Investment Focus Areas: Technology, healthcare, consumer services.
- Notable Investments: Apple, Google, Oracle, PayPal, LinkedIn, WhatsApp.
- firstminute Capital
- Details: firstminute Capital is a seed-stage venture capital firm that focuses on technology startups. They are particularly active in Europe and the US.
- Investment Focus Areas: Technology startups.
- Notable Investments: CloudNC, Automata, Pangaea.
- Harpoon Ventures
- Details: Harpoon Ventures is a venture capital firm that invests in early-stage technology companies. They often focus on sectors with a national security or defense angle.
- Investment Focus Areas: Enterprise software, cybersecurity, defense technologies.
- Notable Investments: Anduril, Shield AI, Rebellion Defense.
- HV Capital
- Details: HV Capital is a venture capital firm that invests in early-stage and growth-stage companies. They have a strong presence in the European startup ecosystem.
- Investment Focus Areas: Early-stage and growth-stage companies.
- Notable Investments: Not publicly disclosed.
What's Next for n8n?
n8n stands at the cusp of significant growth, driven by the increasing demand for workflow automation tools and the rise of low-code and no-code platforms. With $12 million in Series A funding, the company is poised to expand its product capabilities and user base, leveraging its open-source community and extensive API connectors.
Future fundraising opportunities seem promising, given the successful backing from prominent investors like Felicis Ventures and Sequoia Capital. However, n8n will need to navigate challenges such as intense competition and maintaining user-friendliness while scaling its platform. Balancing these aspects will be crucial for sustained growth and potential acquisition interest.
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