Firstbase: Raises $13M in Series A Funding

  • Firstbase, an Aberdeen, Scotland, UK and NYC-based provider of remote infrastructure for global teams, raised $13m in Series A funding
  • The round was led by Andreessen Horowitz, with participation from B Capital Group, and Alpaca VC
  • This follows a $2m seed funding also led by Alpaca in August 2020 with participation from Acceleprise, Remote First Capital and Backend Capital
  • In conjunction with the funding, Andreessen Horowitz’s David Ulevitch joined Firstbase’s Board of Directors
  • The company also intends to use the funds to accelerate growth plans through hiring, product development and increased customer deployment
  • Co-Founded in 2019 by Trey Bastian (CTO) and Chris Herd (CEO), Firstbase is a remote work SaaS platform providing organizations with a centralized source to track and manage physical equipment assets
Steve Sam
Steve Sam
Steve Sam is a financial reporter, analyst, and commentator with a strong focus on banking technology, digital payments, and the future of financial services.

You May Also Like

Regulators Strengthen Global Crackdown on Finfluencers

A new collaborative approach targets financial influencers amid rising concerns.Highlights: Financial regulators unite to control finfluencers' market impact.Concerns...

ECB Strengthens Digital Euro Rollout with Standard Setter Agreements

New collaborations aim to facilitate the digital euro's global integration.Highlights: ECB partners with key global standard setters.Agreements aim...

CreditNature Strengthens Nature Restoration Funding Through Everyday Transactions

New partnership enables businesses to support environmental initiatives seamlessly.Highlights: CreditNature teams up with Stabiliti for eco-friendly funding.Businesses can...

FedNow Strengthens Instant Payments Security with New API Tool

New API tool enhances security for immediate digital transactions in the U.S.Highlights: FedNow introduces a new API tool...