Total amount raised
$288.4 Millions
Latest funding date
7/1/2024
Location
Kandji has successfully raised $100 million in capital, increasing its valuation to $850 million. The platform offers comprehensive Apple device management solutions, focusing on security, compliance, and productivity.
Keep reading to explore the intricacies of Kandji's fundraising journey and the investors backing this innovative platform.
What Is Kandji?
Kandji, founded in 2018, is an Apple device management platform based in San Francisco, California. The company was established by Adam Pettit, Mark Daughters, and Wesley Pettit. Kandji employs between 251 and 500 people, focusing on simplifying and enhancing the management of Apple devices for businesses.
The platform offers a next-generation solution for centrally securing and managing Mac, iPhone, iPad, and Apple TV devices. Key features include one-click compliance templates, over 150 pre-built automations, zero-touch deployment, and real-time threat analysis.
Kandji's mission is to ensure that Apple devices remain secure, compliant, and productive, making it a trusted choice for businesses worldwide.
How Much Funding Has Kandji Raised?
- Seed Round
- Amount Raised: $3.4M
- Date: October 2019
- Lead Investors: First Round Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their Apple device management platform.
- Seed Round
- Amount Raised: $4M
- Date: February 2020
- Lead Investors: Lee Fixel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: $21M
- Date: October 2020
- Lead Investors: Greycroft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance product features.
- Series B
- Amount Raised: $60M
- Date: April 2021
- Lead Investors: Felicis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and invest in new product capabilities.
- Series C
- Amount Raised: $100M
- Date: November 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support rapid growth and further product innovation.
- Series D
- Amount Raised: $100M
- Date: July 2024
- Lead Investors: General Catalyst
- Valuation at Round: $850M
- Motivation Behind the Round: To introduce Kai, an AI device management assistant, and accelerate growth.
Total amount raised: $288.4M. Current valuation: $850M.
Key Investors
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in transformative companies from seed to growth stage and beyond. Deep Nishar from General Catalyst will join Kandji’s Board of Directors.
- Investment Focus Areas: Technology, healthcare, consumer, enterprise sectors.
- Notable Investments: Airbnb, Stripe, Snap Inc.
- First Round Capital
- Details: First Round Capital is a seed-stage venture capital firm that focuses on providing early-stage funding to technology companies. They have a strong track record of supporting startups from their inception.
- Investment Focus Areas: Technology, software, consumer internet.
- Notable Investments: Uber, Square, Warby Parker.
- Greycroft
- Details: Greycroft is a venture capital firm that invests in early and growth-stage technology companies. They have offices in New York and Los Angeles.
- Investment Focus Areas: Digital media, fintech, healthcare.
- Notable Investments: Venmo, The RealReal, Scopely.
- Felicis
- Details: Felicis is a venture capital firm that focuses on early-stage investments in technology companies. They are known for their founder-friendly approach and diverse portfolio.
- Investment Focus Areas: AI, fintech, healthtech.
- Notable Investments: Shopify, Fitbit, Credit Karma.
- Lee Fixel
- Details: Lee Fixel is a prominent venture capitalist known for his investments in high-growth technology companies. He was previously a partner at Tiger Global Management.
- Investment Focus Areas: Technology, consumer internet, software.
- Notable Investments: Facebook, LinkedIn, Spotify.
What's Next for Kandji?
Kandji's future looks promising with significant opportunities for growth. The company plans to leverage its recent $100 million funding to enhance product innovation and engineering, expand its customer base, and strengthen industry partnerships. With a 600% increase in annual recurring revenue and a nearly fourfold growth in its customer base, the potential for further expansion is substantial.
Future fundraising opportunities are likely as Kandji continues to innovate and grow. The company's recognition on Forbes’ Next Billion Dollar Startup List 2023 suggests it could attract more investors, potentially reaching unicorn status. However, challenges such as maintaining rapid growth, staying ahead of competitors, and ensuring continuous product innovation will need to be navigated carefully.
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