# Copado

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/copado

- Industry: Software
- Headquarters: Chicago, US
- Website: www.copado.com
- Total disclosed funding: $271M
- Latest round: Series C (Sep 13, 2021)
- Investors on record: 10

## About

Based in Illinois, US, and founded in 2013 by co-founders Federico Larsen and Philipp Rackwitz, Copado, Inc. operates as a DevOps platform powering digital transformations. Copado, Inc.'s customers include multinational chemical companies such as Linde, Splunk, AmerisourceBergen, and Cox Automotive. In September 2020, Copado, Inc. acquired ABT Tech Pty Ltd. In March 2021, Copado, Inc. raised its series B funding from Salesforce Ventures and Insight Partners, followed by a USD 140 million series C funding led by Insight Partners in September 2021. As of October 2021, the firm has 500 worldwide workers spread over 11 countries.

Copado, Inc. offers a secure platform for enterprises to manage cloud deployments, simplify the release process, increase developer productivity, and automate security and compliance. This enables enterprises to protect and safeguard their entire DevOps environment for their salesforce applications, including prebuilt integrations, streamlined agile planning, and DevOps insights intended for sales teams.

Copado, Inc. generates revenue through monthly subscriptions by offering its users a per-user monthly bill for Standard, Professional, and Enterprise.

Copado plans to expand its DevOps and AI-enabled testing solutions across the enterprise SaaS platforms and accelerate international growth in the Asia-Pacific (APAC) market.

## Funding rounds

- Series C, Sep 13, 2021, $140M — Insight Partners, IBM Ventures, ISAI, Lead Edge Capital, DG Ventures, Salesforce Ventures, SB Investment Advisers, Perpetual Ventures, Declaration Partners
- Series B, Feb 17, 2021, $96M — Insight Partners, ISAI, Lead Edge Capital, Salesforce Ventures, Perpetual Ventures
- Series B, Jun 18, 2020, $26M — Insight Partners, ISAI, Capgemini Service SAS, Lead Edge Capital, Salesforce Ventures, Perpetual Ventures
- Series A, Sep 20, 2018, $8.8M — Insight Partners, Salesforce Ventures

## Investors

- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series A, Series B, Series C
- Salesforce Ventures (https://capitalatlas.ai/funds/salesforce-ventures) — Series A, Series B, Series C
- ISAI (https://capitalatlas.ai/funds/isai) — Series B, Series C
- Capgemini Service SAS — Series B
- Lead Edge Capital (https://capitalatlas.ai/funds/lead-edge-capital) — Series B, Series C
- Perpetual Ventures (https://capitalatlas.ai/funds/perpetual-ventures) — Series B, Series C
- IBM Ventures (https://capitalatlas.ai/funds/ibm-ventures) — Series C
- DG Ventures (https://capitalatlas.ai/funds/dg-ventures) — Series C
- SB Investment Advisers (https://capitalatlas.ai/funds/sb-investment-advisers) — Series C
- Declaration Partners (https://capitalatlas.ai/funds/declaration-partners) — Series C