RapidAPI hastens to $150m series D

Mar 24, 2022 • Edison Fu

SoftBank Vision Fund 2 has led the API marketplace’s latest round at a unicorn valuation, with returning investor M12 also taking part.

US-based application programming interface (API) management platform RapidAPI secured $150m yesterday in a series D round led by internet and telecommunications group SoftBank’s Vision Fund 2.

Software provider Microsoft took part in the round through its M12 unit, while Andreessen Horowitz, Green Bay Ventures, Grove Ventures and Qumra Capital and Viola Growth also participated. It valued the company at $1bn.

RapidAPI has built an online marketplace that helps developers and enterprise customers identify and use publicly available APIs, merging them…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.

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