# Devpost

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

- Industry: Internet
- Headquarters: New York, US
- Website: www.devpost.com
- Total disclosed funding: $4.6M
- Latest round: Series A (Aug 9, 2011)
- Investors on record: 5

## About

Devpost, Inc. is a platform focused on hackathon management, enabling developers and organizations to engage in coding competitions and innovation challenges.Devpost, Inc. was founded in 2008 in New York, US. The company specializes in facilitating hackathons for developers and organizations, allowing for collaborative coding experiences. Brandon Kessler serves as both the founder and CEO. Devpost has successfully raised a total of USD 6.4 mn through 5 deals, with the most recent funding round being a Series B completed on February 15, 2018.Devpost is a platform specializing in hackathon management and participation, catering to both developers and organizations. The core offerings include public hackathons, which allow individual developers to participate in competitive coding events, and Devpost for Teams, a service designed for organizations to host private hackathons to foster innovation and collaboration among employees. The platform provides a range of resources, including planning guides, best practices, and insights into hackathon participation to enhance the experience for both participants and organizers. Devpost serves a diverse customer base that includes technology firms, educational institutions, and corporations across various geographical markets, including North America, Europe, and Asia, focused on engaging developers and enhancing community building through hackathons.Devpost generates revenue primarily through partnerships with organizations that host hackathons on its platform. Businesses subscribe to the Devpost for Teams service, which provides tools for managing internal hackathons aimed at driving employee engagement and innovation. The transaction structure typically involves agreements where companies pay for access to the platform’s features, which may include promotional tools for their hackathons and prize management functionalities. While specific pricing details for these services are not disclosed, the platform facilitates various collaboration models, allowing organizations to tailor their hackathon experiences. The revenue model is bolstered by the growing interest in hackathons as a means for companies to enhance their developer ecosystems and drive innovation.With the recent Series B funding of USD 6.4 mn raised on February 15, 2018, Devpost, Inc. plans to enhance its platform capabilities and introduce new features aimed at streamlining the hackathon experience. The company is targeting expansion into new markets across Europe and Asia by 2023, seeking to increase its user base and partnerships with educational institutions and tech companies. The funding will be utilized to develop new products and improve existing ones, allowing for a more comprehensive engagement of developers and organizations in hackathons.

## Funding rounds

- Series A, Aug 9, 2011, $4.1M — Opus Capital Ventures
- Angel, Jun 29, 2009, $0.5M — Betaworks Ventures Management, Rose Tech Ventures, Coriolis Ventures, PKS Capital
- Seed, Sep 25, 2008 — Betaworks Ventures Management

## Investors

- Betaworks Ventures Management (https://capitalatlas.ai/funds/betaworks-ventures-management) — Seed, Angel
- Rose Tech Ventures (https://capitalatlas.ai/funds/rose-tech-ventures) — Angel
- Coriolis Ventures (https://capitalatlas.ai/funds/coriolis-ventures) — Angel
- PKS Capital — Angel
- Opus Capital Ventures (https://capitalatlas.ai/funds/opus-capital-ventures) — Series A