How is this startup’s funding situation
How is this startup’s funding situation? Do you guys have a long runway? Just wondering which is the risk if I switch to Convex
7 Replies
One of our founders could probably paint a better picture, but the latest funding round was last April: https://blog.convex.dev/series-a/ 🙂
For startups, Convex's funding situation is sort of as good as it gets including the strongest angels in the valley, a tier 1 leading the A, a large round etc. You're pretty safe on that front 🙂
Awesome to hear 🙌
Just to complete the picture (Convex CEO here), fundamentally changing how software is made is a long journey, and so we've worked hard to find investors that are in this for the long haul and who believe in the vision. We've been very fortunate to have built relationships with numerous top-tier investors who are excited about what we're doing (such as @casado of a16z, who is on our board), and so we're in an unusually good spot with financing. But this is an important question to ask a startup whose service may play a key role in your software project–so thanks for asking it!
I saw in LinkedIn that it says just a seed round so I thought about asking. Thanks for the update
@Gorka Cesium gotcha. here's the news about our series a: https://www.forbes.com/sites/kenrickcai/2022/04/27/convex-series-a-26-million-developers-dump-databases/?sh=789859e4bf86
Forbes
Convex, A Startup That Wants Web Developers To Dump Databases, Rais...
The founders built some of the world’s largest databases while at Dropbox. Now, their business to bypass databases is worth $128 million.
Super