Gigster Explained

Gigster
Location:Austin, Texas
Owner:Virtasant
Ceo:Michael Kearns

Gigster provides a service that allows users to get tech projects built on demand. It was co-founded by Roger Dickey and Debo Olaosebikan and based in San Francisco, California. They received seed funding from Greylock Partners, Bloomberg Beta, as well as notable angel investors and founders Naval Ravikant of AngelList, Justin Waldron of Zynga, and Emmett Shear of Twitch, among others.[1] They were a part of Y-Combinator's Summer 2015 class.[2]

On December 7, 2015, Gigster announced its $10m Series A funding round led by Andreessen Horowitz, which will be used to further build the startup's AI and machine learning technology.[3] The company announced on August 29, 2017, that they had raised $20 million in investments led by RedPoint Ventures for its Series B funding round, which included existing investor, Andreessen Horowitz and first time tech investor and retired basketball star, Michael Jordan. By this time the company had received a total funding of $32.5 million.[4]

On May 26, 2021, Gigster announced that it had been acquired by Ionic Partners, an Austin-based firm that buys and operates enterprise software businesses.[5] [6]

On November 1, 2023, Gigster acquired CodersRank, a Debrecen, Hungary-based platform that ranks IT developers. The purchase was announced earlier in September of the same year.[7] [8]

On March 26, 2024, Ionic Partners announced Gigster had been sold to cloud optimization services company Virtasant.[9]

External links

Notes and References

  1. News: Gigster Does The Dev Dirty Work To Turn Your Idea Into An App . Constine . Josh . July 22, 2015 . September 1, 2015 . TechCrunch .
  2. News: Here Are The 52 Startups That Launched At Y Combinator Summer 2015 Demo Day 2 . Kumparak . Greg . Cutler . Kim-Mai . Lynley . Matthew . Loizos . Connie . August 19, 2015 . September 1, 2015 . TechCrunch.
  3. Web site: Andreessen Horowitz leads $10M round for on-demand developer startup Gigster. VentureBeat. 7 December 2015. 2015-12-09.
  4. Web site: Michael Jordan funds mercenary dev hub Gigster's $20M enterprise pivot TechCrunch. Constine. Josh. 29 August 2017 . 2017-08-29.
  5. Web site: Gigster Announces Acquisition by Ionic Partners, Enters New Phase of Growth. 26 May 2021.
  6. Web site: Ionic Partners Acquires Gigster – Investing in the Future of Work. 26 May 2021.
  7. Web site: Gigster Buys Developer-Ranking Platform CodersRank. 1 November 2023.
  8. Web site: Gigster to Acquire CodersRank. 20 September 2023.
  9. Web site: Ionic Partners Completes Sale of Gigster to Virtasant. 26 March 2024.