Platform.sh has raised $140 million in Series D funding in a round led by Munich-based Digital+Partners, San Francisco-based Morgan Stanley Expansion Capital, and Paris-based Revaia, alongside existing investors BGV, Eurazeo, Hiinov, and Partech, all re-investing.
In an official statement, the company said that the freshly raised funds will be used to build on its leading position in Europe, the US and Asia, recruiting new employees worldwide to meet its expansion goals.
Commenting on the fresh round of funding, Julian Mattes, Partner at Digital+ Partners said, "We have been following Platform.sh's journey for several years and are delighted to support Fred and his excellent team to become the global category leader for managing fleets of websites. The war for developer talent and the increasing complexity of DevOps tooling drives the strong demand in the website infrastructure market. We feel a strong connection to the team, the vision, and the values of Platform.sh to enable organizations to focus 100% of their time on building amazing experiences."
Platform.sh operates with 100% remote workforce. This funding round demonstrates the success of both Platform.sh and the growing French tech ecosystem.
"The website is core to the brand and customer experience, and as such, uptime, cross-functional collaboration, and rapid iteration is table stakes," said Pete Chung, Partner at Morgan Stanley Expansion Capital. "Fred and the team at Platform.sh have built the market-leading platform to tackle these issues head-on and we look forward to partnering with the Company in its next phase of growth.”