April has been a very special month for us here at Nitro. As reported by the likes of The Australian Financial Review, Business Insider and ZDNet, we’re delighted to announce that we recently closed a $15 million Series C capital raise, led by Multinational Investment firm Battery Ventures, with additional buy in from Sydney-based Alium Capital and Regal Funds Management. Battery Ventures are of course no stranger to Nitro, having invested $15 million in our Series B round of funding which subsequently allowed for the beginning of Nitro’s “second chapter”.
Nitro has gone from strength to strength, with Starfish Ventures initially investing $6.6m in our first Series A round, to two separate Series B and C rounds from Battery Ventures bringing in $15m each. Receiving a total amount of $36.6m since 2012 has enabled Nitro more recently to push the boundaries in enterprise sales, adding clients such as JLL and CBRE Australia – to name but a few – in the past three years. Our customer base is ever growing, with over half of our 600,000 business customers part of the Fortune 500.
Nitro founder and CEO, Sam Chandler has expressed the importance of our investors and how their involvement puts us in the best possible position to continue to grow the business in the right direction – “Thanks to the continued support of Battery and our new investors, we’re in a strong position to fulfill our growth ambitions in the enterprise while continuing to scale our operations globally”
2017 is a truly exciting time for us here at Nitro, we have transformed drastically as a company since opening our doors in 2005 and we so much look forward to seeing what the next few years have in store for Nitro and the world of document productivity!