Mills & Reeve supports $11m investment raising for fast-growth tech company

Open source platform has raised $11 million in VC investment to support its growth in the rapidly expanding API management market.

Mills & Reeve acted for Gravitee during two rounds of successful investment with AlbionVC and Oxx.

Gravitee entered the API management scene in 2014 as an alternative to other more complex platforms available in the market. It offers an enterprise-grade, all-in-one, open source solution that enables organisations to have full control over their API ecosystems, and to oversee both API management and identity management within the same platform.

The injection of funds will allow Gravitee to continue expanding its development, sales, and marketing teams to achieve Gravitee’s vision of a market-leading, democratised API management tool. This scaling-up effort positions the company well in anticipation of an API management market predicted to be worth $22 billion by 2028.

Zickie Lim, partner at Mills & Reeve and head of the funds, venture capital and investments team said of the deal: “This is the first VC investment in Gravitee’s seven-year history, and we’re thrilled to support their journey of fast-growth as APIs become ever more critical to business success.”

As well as running both investments and working with Gravitee’s French counsel, Mills & Reeve’s work ensured a successful internal restructure of the Gravitee’s French-focused company in order to tap into the expanding VC market in the UK. Zickie Lim further comments: “Not only is the UK a great place to raise investment anyway, but there is a lot of opportunity currently in the UK investment market and Gravitee were able to restructure their group in order to access this. It was a pleasure to work with Rory, and we look forward to Gravitee’s continued success in the future!"


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