Fossa

Fossa

A software company supplying open-source management software and infrastructure for open-source development teams.

Fossa is a software company supplying open-source management software and infrastructure for open-source development teams that is headquartered in San Francisco, California and was founded in 2015 by Kevin Wang. Fossa's open-source management platform allows companies to track their activity working on open-source software projects and ensure their projects are meeting compliance requirements during development.

Funding

Seed

On February 23, 2017 Fossa completed their seed funding round with $2.2 million in funding from Bain Capital Ventures (lead investor), Hack VC, Tyler Mateen, Steve Chen, Marc Benioff, Jaan Tallinn, Brad Flora, and Amr Awadallah. The company plans on using their seed funding to expand its engineering team, increases sales, and launch better versions of its product.

Series A

On September 16, 2019 Fossa announced their series A funding round with $8.5 million in series A funding from Bain Capital Ventures (lead investor), Costanoa Ventures, and Norwest Venture Partners. The company plans on using their series A funding to accelerate its growth by expanding its product and markets in can be used in.

Timeline

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
FOSSA funding round, September 2019
8,500,000
September 2019
3 Results
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FOSSA
September 16, 2019
www.prnewswire.com:443
SAN FRANCISCO, Sept. 16, 2019 /PRNewswire/ -- FOSSA, the open source management company, today announced that it has closed a $8.5 million Series A funding...
Ron Miller
September 16, 2019
TechCrunch
As more enterprise developers make use of open source, it becomes increasingly important for companies to make sure that they are complying with licensing requirements. They also need to ensure the open sources bits are being updated over time for security purposes. That's where FOSSA comes in, and today the company announced an $8.5 million [...]

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