# Ionic

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

- Industry: Internet
- Headquarters: Madison, US
- Website: www.ionic.io
- Total disclosed funding: $12M
- Latest round: Series A (Apr 28, 2016)
- Investors on record: 5

## About

Ionic is a platform that empowers businesses to develop cross-platform mobile applications efficiently, enhancing developer productivity with tools designed for modern app deployment across iOS, Android, and the Web.Founded in 2012 in Madison, US, Ionic enables enterprises to build scalable applications. The company was co-founded by Ben Sperry, Erick Pastor, and Max Lynch, with Max Lynch currently serving as the CEO. In November 2022, Ionic was acquired by OutSystems, with terms of the deal undisclosed. The latest funding round, which raised USD 5.75 mn, was led by Arthur Ventures, contributing to the total amount raised of USD 5.75 mn across 6 deals.Ionic offers a comprehensive enterprise app development platform that includes a cross-platform mobile SDK, mobile CI/CD solutions, and micro frontend capabilities. Their core product offerings enable businesses to build, secure, and deliver modern applications efficiently across multiple platforms, including iOS, Android, and the Web. The platform focuses on enhancing developer productivity by allowing them to write code once and deploy it anywhere, catering to the increasing demand for mobile applications across various industries. Customers include major enterprises such as Burger King and H&R Block, which utilize Ionic to accelerate development timelines and improve operational agility. The products are designed to serve a global client base, with significant penetration in markets such as North America, Europe, and Asia-Pacific, where the demand for scalable and secure mobile solutions is growing rapidly.Ionic generates revenue primarily through subscription-based models and partnerships with enterprise clients. The pricing structure accommodates varying needs, offering different levels of access to Ionic's platform and services. This subscription model facilitates ongoing revenue as clients engage consistently with the platform to access updates and new features. By focusing on flagship products such as the Ionic Appflow and Capacitor, the company ensures its offerings remain aligned with the operational demands of its diverse customer base across technology, healthcare, and education sectors.Following the acquisition in November 2022, Ionic plans to utilize the recent funding to accelerate growth and enhance the quality, performance, security, and scalability of its product development. The company is also looking to expand its presence in new markets, particularly targeting Europe and Asia-Pacific, to meet the growing demand for mobile solutions. Ionic is focused on launching new products designed to improve app development processes, although specific release dates have not been publicly disclosed.

## Funding rounds

- Series A, Apr 28, 2016, $8.5M — General Catalyst Partners, Founder Collective, Lightbank, Arthur Ventures
- Seed, Mar 30, 2015, $2.6M — Founder Collective, Lightbank, Arthur Ventures
- Seed, Mar 10, 2014, $1M — Arthur Ventures
- Seed, Jan 1, 2013, $0.1M — Techstars

## Investors

- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Arthur Ventures (https://capitalatlas.ai/funds/arthur-ventures) — Seed, Series A
- Founder Collective (https://capitalatlas.ai/funds/founder-collective) — Seed, Series A
- Lightbank (https://capitalatlas.ai/funds/lightbank) — Seed, Series A
- General Catalyst Partners (https://capitalatlas.ai/funds/general-catalyst-partners) — Series A