Madrid-based devops platform Copado closes $96 million in Series B
Summary
Copado will use the fresh capital to expand the platform and fuel international growth. Though founded back in 2013, the Spanish company has experienced rapid growth in the last year. Finally, the company recorded 120 percent growth in annual recurring revenue and plans to double again this year. Part of that growth will be driven by applying the devops solution to software other than Salesforce. Nikitas Koutoupes, managing director at Insight Partners and Copado board member, says the company “has a powerful vision and clear roadmap to scale that vision across multiple cloud applications.”
Funding
Amount
$96.0M
Total raised
Date
February 17, 2021
Announcement date
Investors
Copado
Lead investors
Company
https://copado.com/
Funded company
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