Kong Raises $175M in Series E
Kong has successfully raised $175M in a Series E at a $2B valuation led by Tiger Global, Sapphire Ventures, Index Ventures, CRV, GGV Capital.
Company Overview
Kong is a Developer Tools company headquartered in 251 Post Street, San Francisco, CA 94108, founded in 2015 with 500+ employees.
API gateway and service mesh
Fundraising Details
- Amount Raised: $175M
- Round Type: Series E
- Valuation: $2B
- Date: 2024-03-31
- Investors: Tiger Global, Sapphire Ventures, Index Ventures, CRV, GGV Capital
About Kong
API gateway and service mesh The company is positioned in the Developer Tools sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 251 Post Street, San Francisco, CA 94108
- Founded: 2015
- Team Size: 500+
- Industry: Developer Tools
What This Means
This funding round demonstrates strong investor confidence in Kong's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Developer Tools sector continues to attract significant investment as companies innovate to meet evolving market demands. Kong's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $2B valuation marks an important milestone for Kong, positioning the company among notable players in the Developer Tools industry.
Looking Ahead
With this new capital, Kong is well-positioned to execute on its growth strategy and continue building innovative solutions in the Developer Tools space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-03-31. For more information about Kong, visit their headquarters at 251 Post Street, San Francisco, CA 94108.
