Portainer.io Closes US$6.2 Million Funding Round
Portainer.io today announced it has closed a US$6.2 million funding round. The round, which is an extension of its Series A that closed in May 2021, is led by Movac and backed by all the Series A investors (Bright Pixel Capital, Bessemer Venture Partners, BlackNova, AltVentures). It also adds US investor Shasta Ventures and New Zealand Growth Capital Partners to the roster as interest in the company grows.
Portainer launched in 2017 as an open source product to simplify the management of Docker and Swarm environments. In August 2020, it added support for enterprise Kubernetes, which is becoming the de facto industry standard for orchestrating containerized environments. By adding support for both Kubernetes and HashiCorp’s Nomad, Portainer has become the only universal container management system that works from the data centre to the edge and has been recognized by CRN.com as one of the 10 hottest Kubernetes startups of 2022.
Neil Cresswell, Portainer’s chief executive said “As mainstream organizations start to adopt Kubernetes, the need for tools that simplify container management and reduce the operational complexity associated with the technology grows. We are in the middle of a near perfect storm, as organizations deploy containers to accelerate their migration to the cloud, ISVs start to ship their products as container images and containers enable applications to be deployed in edge computing environments. This funding round gives us the runway we need to execute on our commercialization strategy and set up for our Series B.”
About Movac ltd.
Movac is New Zealand’s most experienced and successful venture investor, providing support to foster Kiwi founders and accelerate the growth of their tech businesses. Current portfolio companies include Author-it, ParkHelp, Mobi, TracPlus, NanoLayr, Alimetry, Auror, Dawn Aerospace, Evnex, Mint Innovation, Miruku, Myia Healthcare, Open Money Group, Osho, Portainer.io, Solve, Tectrax, Toha Foundry, Tradify and Yabble. Past portfolio companies include Aroa Biosurgery, Coretex, Unleashed Software, PowerbyProxi, Vend, Trade Me, Timely, eBus, GiveaLittle, and Greenbutton.
About Bright Pixel Capital
Bright Pixel Capital, (formerly Sonae IM), is a leading technology investment group focused on digital infrastructure, cybersecurity and retail technology business areas. With 50 direct investments and growing, it encompasses stakes in companies on a global scale, from early to growth stages. For more information, visit www.brpx.com.
About Bessemer Venture Partners
Bessemer Venture Partners is the world’s most experienced early-stage venture capital firm. With a portfolio of more than 200 companies, Bessemer helps visionary entrepreneurs lay strong foundations to create companies that matter, and supports them through every stage of their growth. The firm has backed more than 120 IPOs, including Pinterest, Shopify, Yelp, LinkedIn, Skype, LifeLock, Twilio, PagerDuty, SendGrid, DocuSign, Wix, and MindBody. Bessemer’s 15 investing partners operate from offices in Silicon Valley, San Francisco, New York City, Boston, Israel, and India. Follow @BessemerVP and learn more at bvp.com.