# Meteor Development Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/meteor-development-group

- Industry: Internet
- Headquarters: San Francisco, US
- Website: www.meteor.com
- Total disclosed funding: $183M
- Latest round: Series D (Aug 2, 2021)
- Investors on record: 9

## About

Meteor Development Group, Inc. specializes in providing a full-stack JavaScript framework for developing real-time applications, facilitating seamless collaboration and user engagement across various platforms.Founded in 2011 and headquartered in San Francisco, US, Meteor Development Group, Inc. offers a full-stack framework for application development. The company has successfully raised USD 129.54 mn in Series D funding on August 2, 2021, led by Insight Partners and participated by notable investors including Andreessen Horowitz and Matrix Partners. The company has engaged in six investment deals to date, with its current valuation at USD 1,391.03 mn. The CEO, Frederico Arantes, leads the team in advancing their innovative product offerings.Meteor.js delivers a comprehensive full-stack JavaScript framework designed specifically for real-time applications, which enhances developer productivity and user engagement. The framework includes features such as built-in authentication, RPC APIs, and compatibility with front-end frameworks including React, Vue.js, and Svelte. It supports application development across multiple devices, including mobile and desktop platforms, and is utilized by teams in North America, Europe, and Asia.Meteor.js primarily generates revenue through its subscription-based cloud service, Galaxy, which assists developers in deploying and scaling applications efficiently. Revenue is derived from various service tiers offering support and resource allocation, catering to both individual developers and corporate clients seeking robust application development tools. Additional revenue streams may arise from enterprise solutions and partnerships tailored for larger organizations.Following its recent funding round in August 2021, Meteor Development Group, Inc. plans to utilize the raised USD 129.54 mn to enhance its open-source software offerings, particularly in developing solutions for the GraphQL community and expanding Apollo Federation to more programming languages. The company is strategically positioned to explore new markets and is likely focusing on increasing its reach in North America and Europe. These initiatives are poised to support the company's growth trajectory as it scales its operational team.

## Funding rounds

- Series D, Aug 2, 2021, $130M — Matrix Partners, N47, Insight Partners, Trinity Ventures, Andreessen Horowitz, Heavybit
- Series C, Jun 7, 2019, $22M — Matrix Partners, Trinity Ventures, Andreessen Horowitz, Webb Investment Network
- Series B, Dec 23, 2014, $20M — Matrix Partners, Trinity Ventures, Andreessen Horowitz
- Series A, Jun 3, 2013 — Heavybit
- Series A, Jun 14, 2012, $11M — Matrix Partners, Andreessen Horowitz, Webb Investment Network, DCVC
- Seed, Oct 11, 2011 — Y Combinator, Webb Investment Network

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Webb Investment Network (https://capitalatlas.ai/funds/webb-investment-network) — Seed, Series A, Series C
- Matrix Partners (https://capitalatlas.ai/funds/matrix-partners) — Series A, Series B, Series C, Series D
- Andreessen Horowitz (https://capitalatlas.ai/funds/andreessen-horowitz) — Series A, Series B, Series C, Series D
- DCVC (https://capitalatlas.ai/funds/dcvc) — Series A
- Heavybit (https://capitalatlas.ai/funds/heavybit) — Series A, Series D
- Trinity Ventures (https://capitalatlas.ai/funds/trinity-ventures) — Series B, Series C, Series D
- N47 (https://capitalatlas.ai/funds/n47) — Series D
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series D