July 30, 2015

GitHub Raises $250M Series B Round To Take Risks

GitHub, the software development collaboration and version control service based on the popular open source Git tool, today announced that it has raised a $250 million funding round led by Sequoia Capital. Andreessen Horowitz, Thrive Capital and Institutional Venture Partners also participated in this round.

The company, which was founded back in 2008, has now taken a total of $350 million in outside funding. While the company isnât talking about its valuation, the WSJ reports that itâs currently hovering around $2 billion. GitHubâs 2012 Series A round was led by Andreessen Horowitz. At the time, the companyâs valuation was said to be around $750 million.

Read more at TechCrunch.

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