Total amount raised
$153 Millions
Latest funding date
12/01/2020
Location
Stack Overflow has successfully raised a significant amount of funding over multiple rounds, attracting a diverse group of investors. The platform serves as a vital resource for developers and programmers, facilitating knowledge sharing and problem-solving.
Keep reading to explore the intricacies of Stack Overflow's fundraising journey and the investors backing this influential platform.
What Is Stack Overflow?
Stack Overflow, founded on July 1, 2008, in New York, New York, is a platform where developers and technologists can ask and answer questions, share knowledge, and collaborate. The company was founded by Jeff Atwood and Joel Spolsky.
It provides a public platform for developers to find and contribute answers to coding questions and offers Stack Overflow for Teams, a private platform for companies to share knowledge and collaborate internally. Additionally, Stack Overflow operates the Stack Exchange Network, a collection of Q&A communities on various topics beyond programming.
With a workforce of 251-500 employees, Stack Overflow continues to be a vital resource for developers and programmers, facilitating knowledge sharing and problem-solving.
How Much Funding Has Stack Overflow Raised?
- Series A
- Amount Raised: $6M
- Date: May 2010
- Lead Investors: Union Square Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform and enhance its features for developers.
- Series B
- Amount Raised: $12M
- Date: March 2011
- Lead Investors: Index Ventures, Spark Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and support the growing community of developers.
- Series C
- Amount Raised: $10M
- Date: June 2013
- Lead Investors: Bezos Expeditions
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand its user base.
- Series D
- Amount Raised: $40M
- Date: January 2015
- Lead Investors: Andreessen Horowitz
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform's capabilities and support new product development.
- Series E
- Amount Raised: $85M
- Date: July 2020
- Lead Investors: GIC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the development of Stack Overflow for Teams and expand into new markets.
- Series E
- Amount Raised: Not publicly disclosed
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue scaling the platform and support ongoing growth initiatives.
Total Amount Raised: $153M
Current Valuation: $1.8 billion
Key Investors
- GIC
- Details: GIC is a global investment firm established in 1981 to manage Singapore’s foreign reserves. It invests across a wide range of asset classes, including equities, fixed income, private equity, real estate, and infrastructure.
- Investment Focus Areas: Equities, fixed income, private equity, real estate, infrastructure.
- Notable Investments: Alibaba, Airbnb, Ant Financial.
- Silver Lake Waterman
- Details: Silver Lake Waterman is part of Silver Lake, a global leader in technology investing with about $40 billion in combined assets under management. It focuses on providing flexible expansion capital to later-stage growth companies in the technology and technology-enabled industries.
- Investment Focus Areas: Technology, technology-enabled industries, later-stage growth companies.
- Notable Investments: Dell Technologies, Twitter, Alibaba.
- Andreessen Horowitz
- Details: Andreessen Horowitz is a venture capital firm that invests in both early-stage startups and established growth companies in the technology sector. The firm is known for its significant investments in high-profile tech companies.
- Investment Focus Areas: Technology, consumer, enterprise, bio/healthcare, fintech.
- Notable Investments: Facebook, Airbnb, Slack.
- Index Ventures
- Details: Index Ventures is a global venture capital firm that invests in technology-enabled companies across various stages of growth. The firm has a strong presence in both Europe and the United States.
- Investment Focus Areas: Technology, software, e-commerce, financial services.
- Notable Investments: Dropbox, Etsy, Skype.
- Spark Capital
- Details: Spark Capital is a venture capital firm that invests in startups and growth-stage companies in the technology sector. The firm has a diverse portfolio that includes investments in consumer, commerce, fintech, software, and media sectors.
- Investment Focus Areas: Consumer, commerce, fintech, software, media.
- Notable Investments: Twitter, Oculus, Slack.
What's Next for Stack Overflow?
Stack Overflow is poised to capitalize on the growing demand for remote work solutions, with its Stack Overflow for Teams product leading the charge. This SaaS tool has seen its revenue double annually since its launch, and the recent $85 million funding round will further accelerate its development and market expansion. The platform's ability to connect distributed employees and streamline workflows positions it well for continued growth.
Future fundraising opportunities appear promising, given the platform's strong performance and the involvement of high-profile investors. The company may also explore an Initial Public Offering (IPO) as it scales up. However, Stack Overflow will need to navigate challenges such as maintaining its growth momentum and competing with other collaboration tools. Adapting to the rapidly changing landscape of remote work will be crucial for its sustained success.
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