Stoplight Closes $6M Series A Funding Round, Strengthens Market Leadership in API Design Management
- Series A funding round co-led by Next Coast Ventures, Bill Wood Ventures
- API design management platform continues category-defining growth
- Austin company plans to build out engineering efforts, tooling and product roadmap
Stoplight, the enterprise API Design Management company, announced a $6M Series A round of funding. Co-led by Next Coast Ventures and Bill Wood Ventures, the current round brings total funding to date to $10M. Stoplight will utilize the funding to augment engineering efforts, accelerating its product roadmap and covering more customer use cases.
A Gartner Cool Vendor in Application Development and Platforms, Stoplight helps organize and manage the more than 22,000 APIs. As a lack of standards and governance continues to threaten the resilience of enterprise APIs, Stoplight’s complete lifecycle platform enables best practices, efficiencies and consistencies that were previously lacking.
“With IoT and AI poised to rise to new heights of integration in the coming decade, enterprises finally have the opportunity to unburden their microservices architecture,” said Stoplight CEO Marc Macleod. “Next Coast Ventures and Bill Wood Ventures have deep experience building lasting B2B companies, and we couldn’t ask for better partners to grow Stoplight to the next phase of success.”
Launched in the fall of 2019, Stoplight Studio quickly became the category’s best-in-class API designer. The company saw over 200% YoY growth in 2019, hired 15 new employees and launched two new products.
“Stoplight created the category of API design management, and their incredible traction validates what the market needs,” said Mike Smerklo, co-founder and managing director of Next Coast Ventures. “API-first design is becoming a fundamental component of enterprise engineering, and we have full confidence that Stoplight will only deepen their category leadership in the next several years.”
“The online world is evolving into a network of connected sensors and smart devices,” said Bill Wood, general partner at Bill Wood Ventures. “Without adequate API design management, the next evolution will never reach its full potential. Stoplight is an integral part of enabling developers to design our new online world.”