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Total amount raised
$54.7M
Latest funding date
2021-11-18
Location
Gradle has successfully raised $4.2 million in a single funding round, with the latest round being a Seed round in December 2015. The company is dedicated to transforming how software is built and shipped, offering tools like the Gradle Build Tool and Gradle Enterprise.
What Is Gradle?
Gradle Inc. was founded by Hans Dockter and is headquartered in San Francisco, with additional locations in Luxembourg and Basel. The company focuses on transforming how software is built and shipped, primarily through its open-source Gradle Build Tool and its commercial product, Develocity (formerly Gradle Enterprise).
Gradle's tools are designed to enhance developer productivity by speeding up build and test cycles. The company offers features like build caching, test distribution, and predictive test selection to ensure fast, reliable builds.
With a growing team, Gradle continues to innovate in the software development space, helping developers worldwide to deliver high-quality software more efficiently.
How Much Funding Has Gradle Raised?
- Venture Round (Heavybit)
- Amount Raised: Undisclosed
- Date: August 2014
- Lead Investors: Heavybit
- Motivation Behind the Round: Early-stage support for Gradle as part of the Heavybit developer-focused program.
- Seed Round
- Amount Raised: $4.2 million
- Date: December 2015
- Lead Investors: True Ventures and Data Collective (DCVC)
- Motivation Behind the Round: To expand the commercial company behind the open-source project and prepare Gradle.com for commercial release.
- Series A
- Amount Raised: $10.5 million
- Date: May 2016
- Lead Investors: Undisclosed (participants: Bain Capital Ventures, DCVC, True Ventures)
- Motivation Behind the Round: To accelerate product development and expand Gradle's commercial offerings.
- Series B
- Amount Raised: $13 million
- Date: October 2018
- Lead Investors: Undisclosed (participants: Bain Capital Ventures, DCVC, Harmony Partners, True Ventures)
- Motivation Behind the Round: To grow the team and scale Gradle Enterprise adoption across enterprise customers.
- Series C
- Amount Raised: $27 million
- Date: November 18, 2021
- Lead Investors: Triangle Peak Partners
- Participants: True Ventures, DCVC, Bain Capital Ventures, Harmony Partners, StepStone Group
- Motivation Behind the Round: To accelerate Gradle Enterprise support for all major language ecosystems and invest in AI/ML technologies for build and test acceleration.
Total Amount Raised: At least $54.7 million based on disclosed funding (Seed: $4.2M + Series A: $10.5M + Series B: $13M + Series C: $27M; the 2014 Venture Round amount was undisclosed).
Current Valuation: (~estimated; not publicly disclosed)
Key Investors
- Triangle Peak Partners
- Details: Triangle Peak Partners is a growth equity firm focused on software and technology companies. They led Gradle's Series C round in November 2021.
- Investment Focus Areas: Software, technology, SaaS
- Notable Investments: Gradle Inc. (lead, Series C)
- True Ventures
- Details: True Ventures is a venture capital firm that invests in early-stage technology startups. They have participated in multiple Gradle rounds from Seed through Series C.
- Investment Focus Areas: Technology, consumer products, healthcare
- Notable Investments: Fitbit, Peloton, Ring
- Bain Capital Ventures
- Details: Bain Capital Ventures is the venture capital arm of Bain Capital, investing in software and technology companies from Series A through growth stage.
- Investment Focus Areas: Software, fintech, infrastructure
- Notable Investments: DocuSign, LinkedIn, SurveyMonkey
- Data Collective (DCVC)
- Details: Data Collective (DCVC) is a venture capital firm that focuses on deep tech and data-driven companies. They have participated in Gradle rounds from Seed through Series C.
- Investment Focus Areas: Artificial intelligence, biotechnology, cybersecurity
- Notable Investments: Planet Labs, Zymergen, Rocket Lab
- Harmony Partners
- Details: Harmony Partners is a venture and growth equity firm that participated in Gradle's Series B and Series C rounds.
- Investment Focus Areas: Technology, software, developer tools
- Notable Investments: Gradle Inc. (Series B, Series C)
- StepStone Group
- Details: StepStone Group is a global private markets asset management firm that participated in Gradle's Series C round.
- Investment Focus Areas: Private equity, venture capital, real assets
- Notable Investments: Gradle Inc. (Series C)
What's Next for Gradle?
Gradle's future looks promising with the launch of Gradle.com as a SaaS offering, aiming to attract more paying customers and enhance its open-source capabilities. This expansion could significantly boost revenue and market presence, given the increasing demand for automation tools in software development.
With the successful $4.2 million funding round, Gradle is well-positioned for future fundraising opportunities to support its growth. However, the company may face challenges such as managing software build complexities and competition from other automation tools. Navigating these hurdles will be crucial for sustaining its momentum in the industry.
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