US-based communications software provider Nylas secured $25m on Tuesday in a series B round featuring Slack Fund and Citi Ventures, representing messaging platform developer Slack and financial services group Citi respectively.
Venture capital firm 8VC and VC fund Round13 Capital co-led the round, which included Spark Capital and ScaleUp and which boosted the company’s overall funding to about $55m.
Nylas provides application programming interfaces (APIs) that enable app developers to connect their products to any calendar, email or contacts provider and process data from them significantly more quickly than they would be able to do otherwise.
Gleb Polyakov, co-founder and chief executive of Nylas, said: “Companies like Twilio, Stripe and Nylas have shown developers around the world how API platforms can help them quickly and securely build critical features into their applications, removing complexity, cost and risk.
“With this additional funding and deep expertise from all of our investors and partners, Nylas will be able to ensure that no developer has to waste their time building their own communications infrastructure ever again.”
The company last raised money in August 2018 when Spark Capital led a $16.2m round also described as a series B, investing alongside Slack Fund, ScaleUp, 8VC, Industry Ventures, Great Oaks Capital, Rubicon Venture Capital and JC2 Ventures.
Earlier investors in Nylas include 8VC predecessor Formation 8, Great Oaks, Fuel Capital, SV Angel and Data Collective.
