Y Combinator-backed GitHub competitor GitLab raises $4M more from Khosla Ventures

via Venture Beat

Just two months ago, I wrote about seed funding for GitLab, a startup that provides open-source software for managing source code repositories. Today the startup is back at it, announcing a new $4 million series A round. All of the new money came from previous investor Khosla Ventures.

“They’re really on a roll!” — as a spokeswoman for the startup told me in an email.

Organizations like Expedia, CERN, and NASA use GitLab in their on-premises data centers. The only thing marring GitLab’s view is a little company called GitHub. GitHub’s software, while based on the open-source Git software for managing repositories, is not entirely open-source, but GitHub does have scale — 10 million users. And GitHub announced a $250 million funding round in July.

Meanwhile, hosted Git repositories have popped up from public cloud providers Amazon Web Services and Google Cloud Platform. But those don’t have the open-source project collaboration that GitHub, and, to a lesser extent, GitLab boast.

Now GitLab has more money to spend on sales and marketing, among other areas, and its name could soon be a bit more widely known as a result.

Previous investors include 500 Startups, CrunchFund, Sound Ventures, Liquid 2 Ventures, FundersClub, and MSD Capital. GitLab participated in the winter 2015 batch of Silicon Valley accelerator Y Combinator after the company GitLab B.V. was established last year (the GitLab open-source project dates back to 2011). The startup has offices in Amsterdam and San Francisco.

Source: http://venturebeat.com/2015/09/17/y-combin...