# Fossa

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.fossa.io
- Total disclosed funding: $36M
- Latest round: Series B (Mar 6, 2020)
- Investors on record: 5

## About

Fossa, Inc. provides a sophisticated platform that addresses software supply chain risks, focusing on security and compliance with open source licenses while managing third-party code effectively.Founded in 2014 in San Francisco, US, Fossa, Inc. specializes in managing software supply chain risks. The company was founded by Kevin Wang, who has a background in technology startups. Fossa has successfully raised a total of USD 4.50 mn through its Series B funding round in August 2023, marking a significant milestone in its financing history and company valuation of USD 124.82 mn.Fossa's primary offering is a comprehensive platform designed to manage software supply chain risks, focusing on security, license compliance, and quality standards across third-party code. The platform provides solutions for open source license compliance, enabling organizations to avoid intellectual property violations while effectively managing vulnerabilities and outdated dependencies. Fossa generates Software Bill of Materials (SBOMs) to ensure regulatory compliance and streamline the audit process, providing end-users with insights into their software dependencies across the Software Development Life Cycle (SDLC). Its customer base includes leading companies across various industries that require robust solutions for compliance and security in software development, particularly in North America and Europe. The tools are aimed at developers, compliance teams, and security professionals, facilitating proactive risk management and remediation.Fossa generates revenue primarily through subscription-based models, providing organizations access to its full suite of tools and features without requiring upfront costs. Clients typically engage with Fossa through a tiered subscription structure, which may include options for individual products such as OSS license compliance, code security, and SBOM management, tailored to their specific needs. The company’s flagship offerings are accompanied by a free trial period, allowing potential customers to explore the platform's capabilities before committing to a paid subscription. This business model, focused on long-term partnerships and ongoing support, enhances customer retention and promotes sustained revenue growth.In August 2023, Fossa, Inc. raised USD 4.50 mn in Series B funding, which is part of a larger USD 5 mn funding initiative aimed at expanding its platform capabilities and market reach. The company plans to enhance its product offerings by launching new features designed to further streamline compliance management. Additionally, Fossa intends to expand its services into international markets, particularly targeting Europe and Asia by the end of 2024. This funding will be utilized to support product development and the establishment of regional offices to facilitate growth in these new markets.

## Funding rounds

- Series B, Mar 6, 2020, $23M — Bain Capital, Costanoa Ventures, Canvas Prime
- Series A, Mar 11, 2019, $11M — Bain Capital, Norwest Venture Partners, Costanoa Ventures
- Seed, Feb 23, 2017, $2.2M — Bain Capital, Hack VC

## Investors

- Bain Capital (https://capitalatlas.ai/funds/bain-capital) — Seed, Series A, Series B
- Hack VC (https://capitalatlas.ai/funds/hack-vc) — Seed
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series A
- Costanoa Ventures (https://capitalatlas.ai/funds/costanoa-ventures) — Series A, Series B
- Canvas Prime (https://capitalatlas.ai/funds/canvas-prime) — Series B