Tidelift Backed by Former Red Hat Chairman and CEO Matthew Szulik
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Open source startup Tidelift snags $15 mln Series A
Boston-based Tidelift, an open source startup, has secured $15 million in Series A funding. General Catalyst, Foundry Group and former Red Hat Chairman and CEO Matthew Szulik led the round. In conjunction with the funding, Larry Bohn, managing director at General Catalyst, Ryan McIntyre, co-founder and managing director at Foundry Group and Szulik have all joined Tidelift’s board of directors.
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Tidelift raises $15M to find paying gigs for open-source developers maintaining key projects
Tidelift wants to give open-source developers a way to earn some money for contributing to important open-source projects and while helping the companies that are using those projects in key parts of their business, and it just raised $15 million to build those connections.
General Catalyst, Foundry Group, and former Red Hat CEO Matthew Szulik co-led the Series A founding round into the Boston-based startup, the first time the 17-person company has taken financing, said Donald Fischer, co-founder and CEO of Tidelift. The other co-founders — Havoc Pennington, Jeremy Katz, and Luis Villa — share a wealth of open-source experience across companies like Red Hat and organizations like The Wikimedia Foundation and the Mozilla Foundation.
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Tidelift Raises $15M Series A To Make Open Source Work Better--For Everyone
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