Portfolio company CodeSandbox raised $12.7 million Series A funding, led by EQT Ventures, with participation from existing investors, Kleiner Perkins, Arches Capital, and new angel investors. With more than 2.5 million developers on their platform and over 10 million projects created, this Dutch delight is kicking ass! CodeSandbox will be using this funding to keep making it easier for creators to build and share their ideas with code.
CodeSandbox launched 3 years ago, providing free, instant, collaborative sandboxes for rapid web development. In an increasingly complicated and fragmented ecosystem, CodeSandbox set out to make getting started with a new web application possible in just one click. When you want to experiment or learn something new, CodeSandbox removes the hassle of setting up a development environment, installing tooling, and provisioning—so you can focus on coding instead.
We are creating the best tool for product teams to collaborate and build web apps quickly. Rather than trying to take a local development environment and simply put it in the Cloud, we’re building a web-first offering that is faster, more collaborative, and easier to use.Ives van Hoorne, CEO CodeSandbox
With the launch of Pro Workspaces, whole product teams will be able to work on sandboxes together for the first time. A designer can provide quick UI feedback, a product manager can see how their specification is being implemented and marketing will be able to update associated copy. CodeSandbox Pro Workspaces i s currently available by invitation only and teams can join the waitlist here as more people will be added throughout Q4 2020.
CodeSandbox provides free, instant, collaborative sandboxes for rapid web development. Founded in 2017, they have raised more than $15M from top-tier VCs and prominent industryfigures, including EQT Ventures, Kleiner Perkins, Arches Capital, Christian Bach & Mathias Biilmann (Netlify), and Dylan Field (Figma). CodeSandbox is used by developers around the globe, including within organizations like Shopify, Atlassian, and Stripe.
For more information visit www.codesandbox.io
About Arches Capital
Arches Capital, a fast-growing group of business angels, invests in startup and scale-up companies with a large growth potential. Through its investments, Arches Capital bridges the gap between formal investors (VCs) and informal investors (business angels), by joining the best of both worlds:
“ We source, select and invest like a VC;
We engage, care and inspire as the angel we are. ”
By bundling smart capital (combining funding with real business knowledge and experience) with true engagement (actively working together to achieve growth), we are able to ignite early stage companies achieve above-average growth. Arches Capital distinguishes itself from other angel networks by its active support to angels building a broad and professional investment portfolio, co-investment from Arches Capital in each deal and the unique distribution of proceeds amongst its members.
For more information, visit www.arches.capital