July 31, 2015 at 04:52github raised $ 250M investment
The publication TechCrunch reports :
The total investment is now 350M dollars. The Wall Streat Journal estimates the company at $ 2 billion.
According to Chris Vanstrath, CEO and co-founder of the company, the money will be invested primarily in strengthening sales, as well as in the engineering team. In general, the goal of attracting this round is to invest in strengthening communities in different countries of the world. About 70% of users are outside the United States, hence the desire to go out to reach the people:
GitHub is currently announcing 10M users working on 25M projects.
Glad for the guys, they really deserve it.
GitHub, a team development and version control service based on the popular Git tool, today announced it has raised $ 250 million in investment from Sequoia Capital with the participation of Institutional Venture Partners.
The total investment is now 350M dollars. The Wall Streat Journal estimates the company at $ 2 billion.
According to Chris Vanstrath, CEO and co-founder of the company, the money will be invested primarily in strengthening sales, as well as in the engineering team. In general, the goal of attracting this round is to invest in strengthening communities in different countries of the world. About 70% of users are outside the United States, hence the desire to go out to reach the people:
For us, GitHub in the first place is a thing for developers, i.e. for people. We are simply trying to attract more people “in the field” to support local communities.
GitHub is currently announcing 10M users working on 25M projects.
Glad for the guys, they really deserve it.