# Stoplight

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

- Industry: Software
- Headquarters: Austin, US
- Website: www.stoplight.io
- Total disclosed funding: $20M
- Latest round: Series A (Jan 26, 2021)
- Investors on record: 5

## About

Stoplight, Inc. is a technology company specializing in API design and documentation management, delivering tools that enhance the efficiency of API development processes for businesses across various sectors.Founded in 2015 in Austin, US, Stoplight, Inc. is focused on API management solutions. The company was acquired by SmartBear Software, Inc. in August 2022, which aims to enhance its API capabilities. Steve Rodda leads the company as CEO. To date, Stoplight has completed a total of 8 funding deals, culminating in a Series A funding round in August 2023, raising USD 10.990 mn from investors including Bill Wood Ventures and Next Coast Ventures, bringing the total amount raised to USD 10.990 mn.Stoplight offers a sophisticated API design and documentation management tool that aids businesses in creating, documenting, and managing APIs effectively. The platform’s design-first approach allows developers to optimize the entire API lifecycle through user-friendly interfaces and robust features. Key functionalities include API design, documentation, and testing, promoting collaboration among teams and enhancing productivity in API development. Stoplight caters to a diverse clientele across industries such as technology, finance, healthcare, and e-commerce, with its products marketed in regions including North America, Europe, and parts of Asia.Stoplight generates revenue through subscription-based models that give clients access to its comprehensive suite of API management tools. This pricing structure is often tiered, allowing businesses to select packages that suit their needs. Transactions are handled directly between Stoplight and its clients, with invoicing based on chosen subscription plans that include various features like design, documentation, and support services. Partnerships are also established to broaden service offerings and market presence, focusing on high-quality API solutions that meet contemporary development practices.Following its acquisition in August 2022, Stoplight plans to leverage its integration into SmartBear Software, Inc. to enhance its product offerings and expand API capabilities. Recent funding in August 2023 will support the development of new products aimed at improving software quality and complexity. The company aims to explore further expansion into additional global markets while maintaining its current client base, thereby increasing its footprint in the API management sector.

## Funding rounds

- Series A, Jan 26, 2021, $11M — Next Coast Ventures, Bill Wood Ventures
- Series A, Jan 15, 2020, $6M — Next Coast Ventures, Bill Wood Ventures
- Seed, Oct 3, 2018, $3.5M — Capital Factory, Social Starts, Next Coast Ventures, NextGen Venture Partners, Bill Wood Ventures

## Investors

- Capital Factory (https://capitalatlas.ai/funds/capital-factory) — Seed
- Social Starts (https://capitalatlas.ai/funds/social-starts) — Seed
- Next Coast Ventures (https://capitalatlas.ai/funds/next-coast-ventures) — Seed, Series A
- NextGen Venture Partners (https://capitalatlas.ai/funds/nextgen-venture-partners) — Seed
- Bill Wood Ventures (https://capitalatlas.ai/funds/bill-wood-ventures) — Seed, Series A