Total amount raised
$270.8 Millions
Latest funding date
09/01/2021
Location
Copado has successfully raised significant funding over multiple rounds, with the latest being a Series C round. The company offers an AI-powered DevOps platform designed to enhance software delivery for Salesforce and other business applications.
Keep reading to explore the intricacies of Copado's fundraising journey and the investors backing this innovative platform.
What Is Copado?
Copado, founded in 2013 by Federico Larsen and Philipp Rackwitz, is a leading provider of DevOps solutions tailored for Salesforce. Headquartered in Chicago, Illinois, the company has grown to employ between 251 and 500 people.
Specializing in AI-powered DevOps, Copado's platform enhances digital transformations by automating release processes, boosting developer productivity, and maximizing cloud investment returns. The company offers a comprehensive suite of products and services designed to streamline DevOps for various industries and roles.
How Much Funding Has Copado Raised?
- Series A
- Amount Raised: €7.5M
- Date: September 2018
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate product development and expand market reach.
- Series B
- Amount Raised: $26M
- Date: June 2020
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and support customer growth.
- Series B
- Amount Raised: $96M
- Date: February 2021
- Lead Investors: Insight Partners, Salesforce Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and drive international expansion.
- Series C
- Amount Raised: $140M
- Date: September 2021
- Lead Investors: Insight Partners
- Valuation at Round: $1.2 billion
- Motivation Behind the Round: To expand DevOps and AI-enabled testing solutions and fuel international growth.
Total Amount Raised: $262M
Current Valuation: $1.2 billion
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm investing in high-growth technology and software companies. Founded in 1995, it has invested in over 400 companies worldwide.
- Investment Focus Areas: High-growth technology, software companies.
- Notable Investments: Twitter, Shopify, DocuSign.
- Salesforce Ventures
- Details: Salesforce Ventures is the investment arm of Salesforce, focusing on enterprise cloud companies. It aims to accelerate the growth of the next generation of enterprise technology.
- Investment Focus Areas: Enterprise cloud companies.
- Notable Investments: Zoom, Twilio, Snowflake.
- SoftBank Vision Fund 2
- Details: Managed by SoftBank Group, SoftBank Vision Fund 2 focuses on technology-driven companies. It aims to support transformative technologies that will shape the future.
- Investment Focus Areas: Technology-driven companies, AI, robotics, IoT.
- Notable Investments: Uber, WeWork, ByteDance.
- Declaration Partners
- Details: Declaration Partners is an investment firm backed by the family office of David M. Rubenstein, co-founder of The Carlyle Group. It focuses on long-term value creation across various sectors.
- Investment Focus Areas: Technology, real estate, consumer products.
- Notable Investments: Varo Money, The Wing, The RealReal.
- DG Ventures
- Details: DG Ventures is the venture capital arm of Digital Garage, a Japanese company specializing in internet services and marketing. It invests in early to growth-stage technology companies.
- Investment Focus Areas: Early to growth-stage technology companies.
- Notable Investments: Various early-stage tech startups.
What's Next for Copado?
Copado stands at the cusp of significant growth opportunities, driven by the expansion of its DevOps and AI-enabled testing solutions across enterprise SaaS platforms. With a valuation nearing $1.2 billion and a robust customer base, the company is poised to capitalize on the increasing demand for integrated digital experiences and secure, rapid software delivery.
Future fundraising opportunities appear promising as Copado continues to attract substantial investment, potentially fueling further acquisitions to enhance its platform capabilities. However, the company may face challenges such as integrating new acquisitions and staying ahead in a competitive market. Maintaining high-quality service while scaling operations will be crucial for sustained success.
Use Clay to Get Funding Data
Sales professionals, leverage Clay’s platform to access comprehensive fundraising data on companies like Copado and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
