Total amount raised
$20 Millions
Latest funding date
03/01/2022
Location
OpsLevel has successfully raised $15 million in a Series A funding round, backed by 22 investors including Threshold and Emily Kramer. The platform offers an internal developer portal designed to help engineering teams build and ship high-quality software efficiently.
Keep reading to explore the intricacies of OpsLevel's fundraising journey and the investors backing this innovative platform.
What Is OpsLevel?
OpsLevel, founded in 2018 by John Laban and Kenneth Rose, is headquartered in Toronto, Ontario, Canada. The company operates in the Information Technology and Software industries, providing an internal developer portal (IDP) that helps engineering teams build and ship high-quality software efficiently.
With a team of 51-100 employees, OpsLevel offers tools for service ownership, developer experience, and automated cataloging. The platform integrates with various tools to centralize stack management and maintain standards, empowering engineering teams to quickly build reliable software and resolve production incidents faster.
How Much Funding Has OpsLevel Raised?
- Seed Round
- Amount Raised: $5,000,000
- Date: November 2020
- Lead Investors: Vertex Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the core product and establish the company in the market.
- Series A
- Amount Raised: $15,000,000
- Date: March 2022
- Lead Investors: Threshold Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the engineering team and accelerate product development.
Total Amount Raised: $20,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Threshold Ventures
- Details: Threshold Ventures is a venture capital firm that led OpsLevel's $15 million Series A funding round. The firm focuses on early-stage investments in technology companies.
- Investment Focus Areas: Scalable software development, microservices, DevOps.
- Notable Investments: Not publicly disclosed.
- Vertex Ventures
- Details: Vertex Ventures is a global network of venture capital funds. They led OpsLevel's $5 million seed round and participated in the Series A round.
- Investment Focus Areas: Early-stage technology startups, developer tools, automation.
- Notable Investments: Not publicly disclosed.
- S28 Capital
- Details: S28 Capital is a venture capital firm that participated in OpsLevel's Series A funding round. The firm invests in early-stage technology companies.
- Investment Focus Areas: Technology startups, developer tools, automation.
- Notable Investments: Not publicly disclosed.
- Webb Investment Network
- Details: Webb Investment Network is an investment firm that participated in OpsLevel's Series A funding round. The firm focuses on early-stage technology investments.
- Investment Focus Areas: Technology startups, developer tools, automation.
- Notable Investments: Not publicly disclosed.
- Emily Kramer
- Details: Emily Kramer is an angel investor who participated in OpsLevel's funding rounds. She is known for her expertise in marketing and growth strategies for technology companies.
- Investment Focus Areas: Technology startups, marketing, growth strategies.
- Notable Investments: Not publicly disclosed.
What's Next for OpsLevel?
OpsLevel stands at the cusp of significant growth, driven by the increasing demand for tools that enhance developer productivity and automate service management. The market for DevOps and microservices management is substantial, and OpsLevel's strong growth and notable customer base indicate a large and expanding opportunity.
Future fundraising opportunities appear promising as OpsLevel continues to scale and expand its product offerings. The successful Series A round sets a positive precedent for future investment rounds, potentially attracting more investors as the company demonstrates strong market demand.
However, OpsLevel may face challenges such as competition from other companies offering similar solutions and the need to keep up with rapid technological advancements. Ensuring the scalability and reliability of their platform will be crucial as they grow. Despite these challenges, OpsLevel's focus on addressing the pain points of service ownership and management in microservices positions them well for future success.
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