Dear OpenOcean Partners & Friends
We’re excited to announce that our portfolio company Bitrise has successfully raised $20m in a Series B funding round to transform the way developers can build and operate mobile apps. The round was led by Partech with contributions from new investor Zobito and existing investors OpenOcean, Y Combinator, and Fiedler Capital.
Close to 100,000 mobile developers globally use Bitrise technology to facilitate their mobile app development process. The platform currently processes over 250,000 monthly mobile builds for Android, iOS, React Native, Xamarin, Flutter and more. Some of the world’s most downloaded apps are built on Bitrise, including those by Buffer, Traveloka, Virgin Mobile, Just Eat, Grindr, DeNA, Careem and tens of thousands of others across the globe.
“Bitrise has delivered stellar results since OpenOcean led Series A in 2017,” says Ekaterina Almasque, Partner at OpenOcean.
“There is a massive shift towards a mobile-first IoT–driven world, which introduces unprecedented levels of complexity in the development and management of digital services. Bitrise won an impressive group of customers globally and increased its revenues tenfold in less than two years. We enjoy working with Bitrise’s talented fast-growing team whose grand vision is to equip major enterprises with what is becoming a de-facto integrated product suite for mobile applications.”
Ekaterina Almasque, as well as Partech’s Reza Malekzadeh, will join the company’s board.
This new round goes into enhancing the platform’s ability to automate across all stages of the application development and deployment, doubling the number of supported integrations to 400, as well as speeding up the hiring in the US, UK, and Hungarian offices.