# Kinvey

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

- Industry: Software
- Headquarters: Cambridge, US
- Website: www.kinvey.com
- Total disclosed funding: $7M
- Latest round: Series A (Jul 11, 2012)
- Investors on record: 5

## About

Kinvey, Inc. is a provider of a cloud-based platform that enables businesses to develop and manage mobile and web applications efficiently, focusing on backend as a service to streamline app development processes.Kinvey, Inc. offers a cloud-based platform for mobile and web application development, founded in 2010 in Cambridge, US. The company has undergone strategic pivots, including the latest funding round in September 2014, where it raised USD 10.8 mn from investors such as NTT Docomo Ventures and Verizon Ventures. Kinvey has successfully completed a total of 4 deals, and the total amount raised to date stands at USD 10.8 mn.Progress Kinvey specializes in providing a comprehensive cloud-based platform designed for building and managing mobile and web applications. Their core offerings include backend as a service (BaaS), which facilitates the development of apps by providing necessary infrastructure and services such as data storage, user authentication, and application logic. Kinvey's solutions are tailored for enterprise clients looking to enhance their digital transformation strategies through rapid application development and deployment. The company serves a diverse clientele, including industries such as finance, healthcare, and retail, enabling businesses to deliver seamless user experiences across various platforms. Products are marketed primarily in North America and Europe, focusing on organizations that prioritize scalability and agility in their application development processes.Progress Kinvey generates revenue primarily through subscription-based models, where clients pay for access to their services on a recurring basis. Customers typically engage with Kinvey by selecting service tiers that align with their specific operational needs, which may include options for varying levels of storage, user capacity, and additional features. The pricing structure is designed to accommodate both small businesses and large enterprises, allowing for flexibility in scaling services as required. This transactional model not only fosters long-term relationships with clients but also includes potential partnerships with technology integrators that enhance service offerings. Kinvey’s flagship services are integral to their revenue stream, reflecting a commitment to providing robust solutions that align with current market demands.In September 2014, Kinvey raised USD 10.8 mn to support future growth initiatives, led by new investors NTT Docomo Ventures and Verizon Ventures. The company is expected to leverage this funding to develop new products and expand its services into additional geographic markets. Details on specific upcoming products or geographic targets for expansion have not been disclosed.

## Funding rounds

- Series A, Jul 11, 2012, $5M — Atlas Venture, Avalon Ventures, Accomplice
- Seed, Aug 4, 2011, $0M — Techstars
- Seed, Jul 8, 2011, $2M — Atlas Venture, SK Ventures, Accomplice

## Investors

- Atlas Venture (https://capitalatlas.ai/funds/atlas-venture) — Seed, Series A
- SK Ventures — Seed
- Accomplice (https://capitalatlas.ai/funds/accomplice) — Seed, Series A
- Techstars (https://capitalatlas.ai/funds/techstars) — Seed
- Avalon Ventures (https://capitalatlas.ai/funds/avalon-ventures) — Series A