Total amount raised
$10.6 Million
Latest funding date
6/1/2019
Location
npm has successfully navigated four funding rounds, attracting investment from notable entities such as Employee Stock Option Fund and Alumni Ventures. The platform, now managed by GitHub, continues to offer essential tools for the JavaScript community while also providing premium developer tools.
Keep reading to explore the intricacies of npm's fundraising journey and the investors backing this influential platform.
What Is npm?
npm, a private company based in Oakland, California, operates in the Open Source, Packaging Services, Publishing, and Software industries. The company has an employee count between 11-50 and has been acquired by GitHub.
npm is renowned for being the package manager for the JavaScript programming language, providing essential tools like the npm Registry and npm CLI. It is relied upon by over 17 million developers worldwide and hosts the largest software registry with over two million packages.
How Much Funding Has npm Raised?
- Seed Round
- Amount Raised: USD 2,600,000
- Date: February 2014
- Lead Investors: True Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The seed funding was aimed at improving and scaling npm's services to better support Node.js developers.
- Series A Round
- Amount Raised: USD 8,000,000
- Date: April 2015
- Lead Investors: Bessemer Venture Partners, True Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The funding was intended to expand npm's infrastructure and enhance its product offerings.
- Series A Round
- Amount Raised: Not publicly disclosed
- Date: November 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: The round aimed to further develop npm's platform and support its growing user base.
- Secondary Market Round
- Amount Raised: Not publicly disclosed
- Date: June 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: This round was likely aimed at providing liquidity to early investors and employees.
Total Amount Raised: USD 10,600,000
Current Valuation: Not publicly disclosed
Key Investors
- True Ventures
- Details: True Ventures is a venture capital firm that focuses on early-stage technology startups. They led the seed funding round for npm.
- Investment Focus Areas: Technology, software, startups.
- Notable Investments: Fitbit, Peloton, Ring.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a global venture capital firm that invests in various sectors, including technology and healthcare. They participated in npm's Series A round.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: LinkedIn, Shopify, Pinterest.
- Employee Stock Option Fund
- Details: Employee Stock Option Fund provides liquidity to employees of private companies by purchasing their stock options. They are one of the major investors in npm.
- Investment Focus Areas: Private companies, employee stock options, liquidity solutions.
- Notable Investments: Not publicly disclosed.
- Alumni Ventures
- Details: Alumni Ventures is a venture capital firm that invests in high-growth startups. They are known for their network of alumni investors.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Not publicly disclosed.
- Jevon MacDonald and Gavin Uhma
- Details: Jevon MacDonald and Gavin Uhma are co-founders of GoInstant.com, a real-time web collaboration platform. They participated in npm's seed funding round.
- Investment Focus Areas: Technology, software startups.
- Notable Investments: GoInstant.com.
What's Next for npm?
npm stands at the cusp of significant growth, driven by the increasing popularity of Node.js and the expanding demand for package managers. With over 183 million downloads in January 2014 alone, the platform's rapid growth presents a substantial opportunity to further scale its services and support a growing user base.
Future fundraising efforts are likely to be bolstered by the strong backing of prominent investors and the platform's proven track record. As npm continues to expand, it may attract additional investment to enhance its infrastructure and product offerings. However, challenges such as maintaining the security and reliability of the npm registry and facing competition from other package managers will need to be navigated carefully.
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