25 million euros for Gitpod
Lars-Thorben Niggehoff
| 04.11.2022
The Kiel-based software start-up successfully closes its Series A financing round. At the same time, it increases its advisory board and management team.
The software development platform Gitpod has raised 25 million euros. The Series A financing round was led by an old acquaintance: Gitpod co-founder and former CEO Tom Preston-Werner is putting capital into his former company through his investment vehicle Preston-Werner Ventures. All existing investors are also participating, with Shopify founder and CEO Tobi Lütke among the newcomers.
Gitpod, founded in Kiel in 2020, is an open-source software development platform. With the money raised, Gitpod now wants to gradually move the coding process to the cloud. "Developers have moved almost all creative workflows to the cloud. Paradoxically, the workflow of writing software itself has never left the local computer," explains Gitpod CEO and co-founder Johannes Landgraf: "Gitpod aims to change that."
In addition to the funding round, Gitpod also announced some personnel changes. Ex-CEO Preston-Werner and Juliet Bailin from existing investor General Catalyst move up to the startup's advisory board. In addition, Mike Brevoort, Matthew Du Pont and Sara Parker strengthen the management team.
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