Koding Secures $7.25M Series B Funding as Developer Platform Gains Traction
Cloud-Based Coding Platform Attracts Major Investment
Koding, the innovative developer platform enabling browser-based coding and collaboration, has successfully raised $7.25 million in Series B funding, according to SEC filings. The investment round appears to be led by Matrix Partners, with their General Partner Josh Hannah joining Koding’s board of directors.
What Makes Koding Stand Out?
Koding revolutionizes software development by offering:
- Multi-language support: Java, NodeJS, Perl, Python, Ruby, C, C++, Go, and more
- Cloud-based environment: Eliminates local setup hassles
- Collaboration features: Real-time code sharing and team development
- Version control: Automatic revision tracking and rollback capabilities
“Our platform creates a seamless environment where developers can build, test, and improve applications together without worrying about system configurations,” explained a company representative.
Explosive Growth Metrics
Since its beta launch in March 2012, Koding has experienced remarkable adoption:
- 10,000+ developers onboarded by July 2012
- 70% conversion rate on invitations
- 200,000 developers on waiting list (despite 30,000 beta spots)
- Team expansion from 4 to 13 employees in under a year
Future Expansion Plans
CEO Devrim Yasar outlined ambitious growth strategies:
- Exit private beta to enable broader access
- Target educational institutions for computer science programs
- Expand business development team for enterprise adoption
- Enhance platform capabilities with new funding
“We’re nearing the point where we can confidently approach universities and organizations with a compelling value proposition for their development needs,” Yasar told TechCrunch.
Funding Trajectory
This latest investment follows Koding’s $2 million seed round in spring 2012 from RTP Ventures and Greycroft, demonstrating strong investor confidence in the platform’s potential to transform collaborative coding.
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