Manifold, the company that helps software developers assimilate a range of services, has raised a Series A round of US$15 million (C$18.5 million).
Manifold was founded by Jevon MacDonald, the former CEO of GoInstant, which was acquired by Salesforce.com in 2012 for more than US$70 million. Based in Halifax and San Francisco, the new company provides a single platform on which developers can access a range of services, thereby simplifying the process of building products.
The Series A round was led by OMERS Ventures, of Toronto. The other institutional members are BoldStart Ventures of New York, Leaders Fund of Atlanta and Toronto, Version One Ventures of Vancouver and San Francisco, Build Ventures of Halifax, and Amplify Partners of Menlo Park, Calif. The funding includes investment from angel investors Alex Bard, Daniel Debow, Matt Wyndowe and Gavin Uhma.
“The opportunity in the developer services market is huge, and none of the major cloud players are focused on fostering the developer services ecosystem like the team at Manifold is,” OMERS Ventures Partner Brian Kobus said in a statement. “We are investing in Manifold because we believe their vision for the future of the industry is the right one, and this launch will be the first step in creating a new category of businesses within the cloud economy.”