How Much Did FOSSA Raise? Funding & Key Investors

FOSSA has successfully raised funding over six rounds, with the latest being a Venture - Series Unknown round. The company is backed by 13 investors, including Costanoa Ventures and Bain Capital Ventures.

Keep reading to explore the intricacies of FOSSA's fundraising journey and the investors backing this innovative platform.

What Is FOSSA?

FOSSA, based in San Francisco, California, specializes in managing open source risk and reporting. The company operates in multiple industries, including Compliance, Developer Tools, Open Source, SaaS, and Software. With a team of 51-100 employees, FOSSA has become a preferred choice for developers.

FOSSA provides solutions to control the software supply chain by ensuring security, license compliance, and quality standards across third-party code. The company supports all major programming languages, frameworks, and CI/CD runtimes, making it a trusted partner for leading companies.

How Much Funding Has FOSSA Raised?

1. Seed Round
   • Amount Raised: USD 2,200,000
   • Date: February 2017
   • Lead Investors: Bain Capital Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop and launch initial offerings in open-source management tools.
2. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: April 2016
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To kickstart the company's operations and initial product development.
3. Series A
   • Amount Raised: USD 8,500,000
   • Date: September 2019
   • Lead Investors: Bain Capital Ventures, Costanoa Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To enhance FOSSA's open-source management tools and expand its market reach.
4. Series B
   • Amount Raised: USD 23,200,000
   • Date: October 2020
   • Lead Investors: Bain Capital Ventures, Costanoa Ventures, Canvas Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate the development of a robust and scalable open-source inventory.
5. Series Unknown
   • Amount Raised: USD 4,499,979
   • Date: September 2023
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support ongoing growth and product development initiatives.
6. Series Unknown
   • Amount Raised: USD 5,149,993
   • Date: July 2025
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further scale operations and enhance product offerings.

FOSSA has raised a total of USD 43,549,972. The current valuation is Not publicly disclosed.

Key Investors

• Bain Capital Ventures
  • Details: Bain Capital Ventures is a venture capital firm that invests in various stages of a company's growth, from seed to growth stages. They are known for their strategic investments in high-growth companies.
  • Investment Focus Areas: Enterprise software, infrastructure software, fintech
  • Notable Investments: LinkedIn, DocuSign, SurveyMonkey
• Costanoa Ventures
  • Details: Costanoa Ventures is a venture capital firm that focuses on early-stage investments in enterprise software. They aim to support companies that are building the next generation of business software.
  • Investment Focus Areas: Enterprise software, data infrastructure, cybersecurity
  • Notable Investments: Alation, Intacct, Quizlet
• Canvas Ventures
  • Details: Canvas Ventures is a venture capital firm that invests in early-stage technology companies. They are known for their hands-on approach and deep industry expertise.
  • Investment Focus Areas: Software, services, technology
  • Notable Investments: Zola, Roofstock, Everwise

What's Next for FOSSA?

FOSSA stands at the cusp of significant growth, driven by the increasing adoption of open source software across various industries. The company is poised to expand its open source inventory tools, which are expected to cover over 50% of enterprise applications in the next 18 months. This presents a substantial market opportunity, especially in sectors like manufacturing, financial services, and government.

Given the vast potential, FOSSA may seek additional funding to scale its operations and develop new technologies. The company’s focus on enhancing its policy and reporting engines to turn open source inventory into actionable insights could attract further investment. However, challenges such as managing applications at scale and competing in a rapidly growing market of open source management tools remain. Addressing these issues will be crucial for FOSSA's continued success.

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