Total amount raised
$175 Millions
Latest funding date
6/1/2021
Location
Nylas has successfully raised significant funding across multiple rounds, attracting a diverse group of investors. The company offers a suite of APIs that enable developers to integrate email, calendar, and meeting functionalities into their applications.
Continue reading to delve into the details of Nylas' funding journey and the investors who support this innovative platform.
What Is Nylas?
Nylas, founded in 2013, is headquartered in San Francisco, California. The company was established by Christine Spang, Gleb Polyakov, and Michael Grinich.
Specializing in communication platform-as-a-service (CPaaS), Nylas offers APIs for email, calendar, and contacts, enabling developers to integrate these functionalities into their applications seamlessly.
With a team of 101-250 employees, Nylas focuses on simplifying developers' tasks and enhancing customer experiences through automated, data-driven solutions.
How Much Funding Has Nylas Raised?
- Seed Round
- Amount Raised: $2M
- Date: July 2014
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their API platform.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: November 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to establish the company.
- Series A
- Amount Raised: $8M
- Date: January 2015
- Lead Investors: Formation 8
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: $4M
- Date: December 2017
- Lead Investors: 8VC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's capabilities and scale operations.
- Series B
- Amount Raised: $16M
- Date: August 2018
- Lead Investors: Spark Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the growing customer base and further develop the API offerings.
- Series B
- Amount Raised: $25M
- Date: June 2020
- Lead Investors: 8VC, Round13 Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the go-to-market teams and enhance product development.
- Series C
- Amount Raised: $120M
- Date: June 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in AI/ML technologies and scale the platform's capabilities.
Total amount raised: $175M. Current valuation: Not publicly disclosed.
Key Investors
- Tiger Global Management
- Details: Tiger Global Management is a leading global investment firm that focuses on private and public companies in the technology sector. They have a strong track record of backing high-growth companies.
- Investment Focus Areas: Technology, software, internet sectors
- Notable Investments: Facebook, LinkedIn, Spotify
- Citi Ventures
- Details: Citi Ventures is the venture capital arm of Citigroup, focusing on identifying and investing in innovative startups. They aim to accelerate the adoption of new technologies in financial services.
- Investment Focus Areas: Financial technology, enterprise technology, consumer technology
- Notable Investments: Betterment, Plaid, Square
- Slack Fund
- Details: The Slack Fund is the investment arm of Slack Technologies, dedicated to supporting companies that are building the future of work. They invest in startups that enhance productivity and collaboration.
- Investment Focus Areas: Future of work technologies
- Notable Investments: Donut, Guru, Troops
- 8VC
- Details: 8VC is a venture capital firm that invests in transformative technology companies. They focus on sectors that have the potential to create significant societal impact.
- Investment Focus Areas: Technology, life sciences
- Notable Investments: Palantir, Wish, Guardant Health
- Round13 Capital
- Details: Round13 Capital is a venture capital firm based in Canada, focusing on growth-stage technology companies. They aim to support companies that are poised for significant growth.
- Investment Focus Areas: Technology, growth-stage companies
- Notable Investments: TouchBistro, Wave, Borrowell
What's Next for Nylas?
Nylas stands at the cusp of significant growth opportunities, driven by the increasing demand for integrated communication APIs and automation tools. With a robust platform that supports over 80,000 developers and processes 1.2 billion API requests daily, the company is well-positioned to expand its offerings in productivity apps, AI, and automation. The recent $120 million Series C funding will enable Nylas to scale its developer experience, go-to-market teams, and invest in advanced technologies like AI/ML and NLP.
Future fundraising opportunities seem promising, given the strong investor confidence and substantial market potential. As Nylas continues to grow, it may attract further investment to support its expansion into new sectors such as healthcare, financial services, and real estate. However, the company will need to navigate challenges like intense competition from other API providers, ensuring robust security, and maintaining rapid innovation to stay ahead in the market.
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