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Home > Software > RapidAPI raises $25 million in Series B round

RapidAPI raises $25 million in Series B round

The world's largest API marketplace, RapidAPI announced that it has raised an additional $25 million for its Series B round.

Erdem Yasar by Erdem Yasar
May 22, 2020
in Software
1 min read
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RapidAPI raises $25 million in Series B round
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RapidAPI announced that the company raised an additional $25 million for its Series B round which is led by insider investors including Andreessen Horowitz, DNS Capital, Green Bay Ventures, M12, and Grove Ventures, bringing the total amount raised to $62.5 million. The company also stated that the new funding will support the influx of new developers, onboarding of API providers, plus advanced functionality on the RapidAPI Marketplace and on RapidAPI’s Enterprise Hub.

Top five COVID APIs had more than 224 million calls

Iddo Gino, RapidAPI Founder and CEO
Iddo Gino, RapidAPI Founder and CEO

RapidAPI also saw a significant developer response to the COVID-19 pandemic with users providing and consuming API endpoints on the Marketplace. From March 1 to the current time frame, the top five COVID APIs had more than 224 million calls with a peak of almost 4.5 million in a single day. Iddo Gino, RapidAPI Founder and CEO said,

“With the proliferation of APIs across every organization, companies must begin to evolve beyond their current API infrastructure. RapidAPI’s next-generation platform is uniquely built for modern software development, connecting millions of developers with thousands of APIs and microservices while providing the documentation, code snippets, endpoints, and resources they need to create software more efficiently. The additional funding will enable us to continue to enhance the user experience and add the features and functionality developers need to use APIs more seamlessly in their software development processes.”

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Erdem Yasar

Erdem Yasar

Erdem Yasar is a news editor at Cloud7 News. Erdem started his career by writing video game reviews in 2007 for PC World magazine while he was studying computer engineering. In the following years, he focused on software development with various programming languages. After his graduation, he continued to work as an editor for several major tech-related websites and magazines. During the 2010s, Erdem Yasar shifted his focus to cloud computing, hosting, and data centers as they were becoming more popular topics in the tech industry. Erdem Yasar also worked with various industry-leading tech companies as a content creator by writing blog posts and other articles. Prior to his role at Cloud7 News, Erdem was the managing editor of T3 Magazine.

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