Tiger Global is a big backer of the Appwrite series and sees it as an investment with long-term potential, with the promise to beat other ventures in the same market. It is one of several new ventures backed by Tiger Global that are showing the ability to grow and have impact.
Appwrite, an open source platform for building software for the business world, raised $27 million in a series A funding round. The new money will be used to expand the team, increase product development, and sustain the company’s open source community. The company is expanding globally and will focus on engineering and marketing.
Appwrite’s series A round was led by Tiger Global Management, with participation from Bessemer Venture Partners, Flybridge Capital, Ibex Investors, Seedcamp, and more. Appwrite is now open source and has no lock-in to any ecosystem. The company is committed to providing the most flexible self-hosted solution possible.
Tiger Global Management
Tiger Global Management has joined a new wave of investors that are backing Appwrite, the company that builds the open-source backend server for web and mobile applications. The company secured $27 million in Series A funding led by the venture capital firm. Other investors in the round include Bessemer Venture Partners, Flybridge Capital Partners, and Ibex Investors. The startup expects to use the funds to expand its team and expand its support of the open-source community. It currently employs 27 people, all of whom are based in different parts of the world.
The private equity strategy at Tiger Global is led by Scott Shleifer and focuses on growth-oriented private companies in the U.S., China, and India. The company invests approximately 30% of its capital in early stage startups and 20% in Series C companies. Until March 2019, the private equity business was headed by Lee Fixel. The firm is headquartered in New York and maintains affiliate offices in Beijing, Singapore, and Hong Kong.
Appwrite is a self-hosted backend-as-a-service platform that cuts 70% of the time it takes to build a modern application. Its REST APIs allow developers to build applications quickly and easily. Its development model is based on existing protocols and developer knowledge, so developers don’t have to learn new skills.
Appwrite’s Series A round of funding has included $27 million from Tiger Global Management, Bessemer Venture Partners, Flybridge Capital Partners, Seedcamp, and Ibex Investors. The company plans to use the funding to increase its team, expand product development, and support the open source community.
Bessemer Venture Partners
Appwrite, a backend-as-a-service (BaaS) platform for web developers, recently raised $10 million in a seed round led by Bessemer Venture Partners. The round also included participation from Ibex Investors, Flybridge Capital Partners, and Seedcamp. The funding will be used to accelerate the company’s global expansion, further develop its cloud product, and sustain its open source community.
With over 100 years of experience, Bessemer Venture Partners is one of the most successful venture capital firms in the world, with portfolio companies ranging from brick-and-mortar retail company Staples to popular web brands such as Skype. The firm is based in Silicon Valley, New York, and Bangalore, and manages $4 billion in venture capital.
Flybridge Capital Partners
The founders of Appwrite are community members. The company plans to monetize its platform by offering a managed service. The company has raised $10 million in seed funding from investors including Flybridge Capital Partners, Bessemer Venture Partners, and Seedcamp. The company also counts individual investors such as Uri Boness (Elastic), James Lindenbaum (Heroku), and others.
Appwrite is a Tel Aviv-based company that provides an open source platform for building web, mobile, and flutter applications. The company raised funding from Tiger Global Management, Bessemer Venture Partners, Seedcamp, and Flybridge Capital Partners. It intends to scale globally. In addition, it plans to emphasize marketing and product development, and support the open source community.
Global investors such as Tiger Global are backing Appwrite series to see if the new partners will make an impact in their market and beat out the existing players. They see this as a long-term investment and want to be a part of a venture that will continue to grow.
Appwrite is a cloud app development platform, and this funding round will help it expand its global footprint. With the funding, the company plans to focus on marketing and engineering, and build a more robust cloud product for the market. The company also plans to invest in its open-source community to further grow its community of developers.
Appwrite has received $27 million in series A funding. They have also announced plans to hold a Low-Code/No-Code Summit on November 9 that will focus on citizen developers. The company has raised this round of funding in part because of its open-source platform and streamlined development process.
Tiger Global Management
Appwrite is a developer platform that saves developers up to 70% of the time it takes to build modern applications. The company provides a self-hosted, open-source platform with REST APIs to help developers quickly construct applications. The company was founded in 2009 and has raised more than $27 million in Series A funding from Tiger Global Management, Bessemer Venture Partners, Flybridge Capital Partners, Ibex Investors, and Seedcamp. The Series A financing will be used to hire more employees and expand support for the company’s open-source community. The company currently has a remote workforce of 27 employees.
Tiger Global Management is the lead investor in Appwrite. The investment was led by Tiger Global Management and Bessemer Venture Partners. Additional investors include Ibex Investors, Flybridge Capital Partners, and Seedcamp. The company intends to use the Series A funding to expand its engineering team, expand product development, and support the open-source community f95forum.com.
Bessemer Venture Partners
Appwrite is a startup with a backend-as-a-service (BaaS) platform for web, mobile, and flutter developers. Bessemer Venture Partners led the round. Additional investors included Flybridge Capital Partners and Ibex Investors. The funding will help the company expand its operations and support the open-source community. The company employs 27 people who work remotely.
BVP is one of the oldest venture capital firms and has invested in over 100 startups. Some of its portfolio companies include popular web brands such as Skype. The firm is global with offices in Israel and India. It also has a presence on both coasts of the US.
Flybridge Capital Partners
Flybridge Capital Partners, Ibex Investors and Seedcamp have invested in Appwrite, raising $10 million in a seed round. Appwrite is a developer platform that provides core tools for creating mobile applications. The company plans to monetize its service by offering managed services. Currently, it has over 60,000 active users doithuong.
Appwrite is based in Tel Aviv, Israel, and provides an open source BaaS platform for building and deploying web, mobile, and flutter applications. Tiger Global Management led the round, with participation from Bessemer Venture Partners, Seedcamp, and Flybridge Capital Partners. The company plans to use its investment to expand its market and develop its product. It focuses on engineering, product development, and marketing, while supporting the open source community f95zoneusa.org.