Total amount raised
$10.6 Millions
Latest funding date
Location
npm has successfully navigated multiple funding rounds, culminating in its acquisition by GitHub in 2020. The platform serves as a crucial tool for JavaScript developers, offering the npm Registry and npm CLI for free.
Keep reading to explore the intricacies of npm's fundraising journey and the investors backing this essential platform for the JavaScript community.
What Is npm?
npm, founded on January 27, 2014, in Oakland, California, is a pivotal tool for JavaScript developers. The company was established by Isaac Schlueter, Laurie Voss, and Rod Boothby.
npm allows developers to install, manage, and publish shared pieces of JavaScript code for both front-end and back-end applications. It supports the JavaScript community by providing a registry where developers publish and share packaged open-source modules.
With a team of 11-50 employees, npm continues to be an essential resource for over 17 million developers worldwide.
How Much Funding Has npm Raised?
- Seed Round
- Amount Raised: $2.6M
- Date: February 2014
- Lead Investors: True Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To improve and scale up services to better support Node.js developers.
- Series A
- Amount Raised: $8M
- Date: April 2015
- Lead Investors: Bessemer Venture Partners, True Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and enhance the npm Registry.
- Series A
- Amount Raised: Not publicly disclosed
- Date: November 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop npm's infrastructure and services.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: June 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity for early investors and employees.
Total Amount Raised: $10.6M
Current Valuation: Not publicly disclosed
Key Investors
- True Ventures
- Details: True Ventures is a venture capital firm that led npm's seed funding round. They focus on providing early-stage funding to technology startups.
- Investment Focus Areas: Early-stage technology startups, consumer products, enterprise software.
- Notable Investments: Fitbit, Automattic (WordPress), Peloton.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a global venture capital firm that participated in npm's Series A funding round. They have a long history of investing in innovative companies across various sectors.
- Investment Focus Areas: Cloud computing, cybersecurity, healthcare.
- Notable Investments: LinkedIn, Shopify, Twilio.
- Jevon MacDonald
- Details: Jevon MacDonald is the co-founder of GoInstant.com and an individual investor in npm's seed round. He has a background in technology and startups.
- Investment Focus Areas: Technology, startups.
- Notable Investments: Specific notable investments are not mentioned.
- Gavin Uhma
- Details: Gavin Uhma is the co-founder of GoInstant.com and an individual investor in npm's seed round. He has a background in technology and startups.
- Investment Focus Areas: Technology, startups.
- Notable Investments: Specific notable investments are not mentioned.
- Asynch Media
- Details: Asynch Media is the organizer of Node Summit and an investor in npm's seed round. They focus on events and media related to technology.
- Investment Focus Areas: Technology, events, media.
- Notable Investments: Specific notable investments are not mentioned.
What's Next for npm?
npm stands at the cusp of significant growth opportunities, driven by the increasing popularity of Node.js. With over 58,000 modules available and major companies like GE and Walmart utilizing Node.js, the potential for npm to expand its services is immense. The rapid growth of the npm registry, which saw over 183 million downloads in January 2014, underscores the high demand for its offerings.
Future fundraising opportunities seem promising as npm continues to scale its services to meet this demand. The initial seed funding of $2.6 million has set the stage for further investment rounds, which will be crucial for enhancing infrastructure and expanding the team. However, challenges such as maintaining the quality and security of the npm registry and scaling up services to meet high demand will need to be addressed.
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