Karma Ventures leads the $7.5M Series A round to WunderGraph
WunderGraph has raised $7.5 million in a Series A round of funding from Karma Ventures, eBay Ventures, and Aspenwood Ventures to unify APIs across decentralized systems with their open-source GraphQL federation platform.
Founded in 2020, WunderGraph is the handiwork of CTO Dustin Deus, CEO Jens Neuse, COO Björn Schwenzer, and CCO Stefan Avram. While three of the company’s founding quartet are based in Germany, the company has been incorporated in the U.S. since its inception. WunderGraph is the core maintainer and contributor of its open-source effort. On top of Cosmo, the company sells hosting and premium support and services, which might include help with integrating databases, analytics, authentication, and observability.
With the fresh $7.5 million in the bank, WunderGraph is planning to grow its existing 20-strong workforce and double down on its open-source GraphQL federation with additional tools that help distributed teams work more smartly. This means better support for collaboration and governance for larger enterprises.
“Open source is the future of API management, and enterprises are demanding transparency, flexibility, and control. We’re building the essential plumbing for the world’s biggest platforms, and this funding allows us to scale while keeping our commitment to open-source development,” says co-founder Stefan Avram.
"APIs run the world’s biggest platforms, but at scale, they can turn into bottlenecks. WunderGraph cuts through the complexity - it’s efficient, scalable, and open. World-leading customer interest confirms its potential to redefine how modern applications are built. We’re excited to partner with the WunderGraph team as they set a new standard for the industry," commented Tommi Uhari, Partner at Karma Ventures.
For more information, visit: https://wundergraph.com/blog/series-a-announcement