Total amount raised
$34.2 Millions
Latest funding date
7/1/2022
Location
incident.io has successfully raised funds through multiple rounds, with its latest being a Series A round closed on July 13, 2022. The platform is designed to streamline incident management, integrating seamlessly with tools like Slack and Microsoft Teams.
Keep reading to explore the intricacies of incident.io's fundraising journey and the investors backing this innovative platform.
What Is incident.io?
Founded in 2021, incident.io is based in London, England, and specializes in providing an all-in-one incident management platform. The company was established by Christopher Evans, Pete Hamilton, and Stephen Whitworth.
Incident.io integrates with tools like Slack and Microsoft Teams to streamline incident management, offering features such as on-call scheduling, incident response, and status pages. The platform is designed to help teams respond quickly to incidents, reduce downtime, and keep customers informed.
With a team of 51-100 employees, incident.io continues to innovate in the field of workplace management software, ensuring efficient and consistent incident resolution.
How Much Funding Has incident.io Raised?
- Seed Round
- Amount Raised: $5.5M
- Date: September 2021
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial platform and gain early traction in the market.
- Series A
- Amount Raised: $28.7M
- Date: July 2022
- Lead Investors: Index Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To open a New York office, develop more features, and expand the team.
Total Amount Raised: $34.2M. Current Valuation: Not publicly disclosed.
Key Investors
- Index Ventures
- Details: Index Ventures is a global venture capital firm that invests in technology-enabled companies. They have a strong track record of supporting startups through various growth stages.
- Investment Focus Areas: Technology, life sciences, digital transformation.
- Notable Investments: Dropbox, Slack, Robinhood.
- Point Nine
- Details: Point Nine is a venture capital firm focused on early-stage investments. They are known for their expertise in SaaS and online marketplaces.
- Investment Focus Areas: SaaS, online marketplaces, internet startups.
- Notable Investments: Zendesk, Delivery Hero, Revolut.
- Mike Krieger
- Details: Mike Krieger is the co-founder of Instagram and an active investor in technology startups. His experience in building a successful social media platform adds significant value to his investments.
- Investment Focus Areas: Technology, social media, startups.
- Notable Investments: Instagram (as a co-founder).
- Lachy Groom
- Details: Lachy Groom is an angel investor and former executive at Stripe. He focuses on early-stage technology companies with high growth potential.
- Investment Focus Areas: Early-stage technology, high growth startups.
- Notable Investments: Stripe (as an executive).
- Mantis VC
- Details: Mantis VC is a venture capital firm founded by the music duo The Chainsmokers. They invest in early-stage technology and consumer-focused startups.
- Investment Focus Areas: Technology, entertainment, consumer startups.
- Notable Investments: Ember, Liquid I.V., Fitplan.
What's Next for incident.io?
Incident.io stands at the cusp of significant growth opportunities, particularly with its planned expansion into the U.S. market. The opening of a New York office and the development of new platform features are poised to attract a broader customer base, leveraging the increasing reliance on digital collaboration tools like Slack.
Future fundraising rounds seem likely as the company scales its operations and enhances its offerings. However, challenges such as competition from other incident management platforms and the complexity of entering new markets could pose hurdles. Maintaining high-quality service while rapidly growing will be crucial for sustaining their momentum.
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