Total amount raised
$22.6 Millions
Latest funding date
10/01/2021
Location
Spacelift has successfully raised funding through multiple rounds, with its latest being a Series B round. The platform offers a sophisticated infrastructure delivery solution for tools like Terraform, CloudFormation, Pulumi, and Kubernetes.
Keep reading to explore the intricacies of Spacelift's fundraising journey and the investors backing this innovative platform.
What Is Spacelift?
Spacelift, founded in 2019 by Marcin Wyszynski and Pawel Hytry, is based in Redwood City, California. The company specializes in providing an Infrastructure as Code (IaC) orchestration platform that integrates with tools like Terraform, CloudFormation, Pulumi, and Kubernetes.
Spacelift's platform supports modern software teams by offering features such as runtime configuration, version management, state management, automated workflows, resource visualization, drift detection, policy as code, and stack dependencies. This makes it a comprehensive solution for managing any cloud, infrastructure, or service.
With a team of 51-100 employees, Spacelift continues to innovate in the field of infrastructure delivery, ensuring that DevOps teams can manage their infrastructure efficiently and securely.
How Much Funding Has Spacelift Raised?
- Pre-Seed Round
- Amount Raised: $1.6M
- Date: November 2020
- Lead Investors: Hoxton Ventures, Inovo.vc
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the platform and validate the market need for an Infrastructure as Code orchestration solution.
- Series A
- Amount Raised: $6M
- Date: February 2021
- Lead Investors: Blossom Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the engineering team and accelerate product development.
- Series B
- Amount Raised: $15M
- Date: October 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform in the US market, increase engineering headcount in Europe, and build a sales and marketing organization in the United States.
Total Amount Raised: $22.6M
Current Valuation: Not publicly disclosed
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm based in New York, founded in 1995. It has invested in more than 400 companies worldwide and raised over $30 billion in capital commitments.
- Investment Focus Areas: High-growth technology, software companies, ScaleUp companies.
- Notable Investments: Shopify, Twitter, DocuSign.
- Blossom Capital
- Details: Blossom Capital is a venture capital firm that focuses on early-stage investments in technology companies. They aim to support startups with high growth potential.
- Investment Focus Areas: Early-stage technology companies.
- Notable Investments: Checkout.com, Duffel.
- Inovo Venture Partners
- Details: Inovo Venture Partners is a venture capital firm that invests in high-growth technology startups. They focus on supporting innovative companies in their early stages.
- Investment Focus Areas: High-growth technology startups.
- Notable Investments: Booksy, Tylko.
- Hoxton Ventures
- Details: Hoxton Ventures is a venture capital firm that invests in early-stage technology companies, primarily in Europe. They aim to support startups with disruptive potential.
- Investment Focus Areas: Early-stage technology companies, primarily in Europe.
- Notable Investments: Darktrace, Deliveroo.
What's Next for Spacelift?
Spacelift is poised to capitalize on the growing complexity of managing cloud infrastructure. With a $15 million Series B funding round, the company plans to scale its platform in the US market, quadruple its engineering team in Europe, and build a robust sales and marketing organization in the United States. These steps are crucial as the demand for Infrastructure as Code (IaC) solutions continues to rise, driven by the increasing adoption of cloud-native development and DevOps practices.
Future fundraising opportunities seem promising, given the successful Series B round and the involvement of high-profile investors like Insight Partners. As Spacelift continues to grow, additional funding rounds could further accelerate its expansion and market penetration. However, the company will need to navigate challenges such as scaling operations while maintaining quality, competing with other IaC management platforms, and keeping up with rapid technological advancements.
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