Heavybit, a San Francisco, California-based VC firm, has closed Heavybit Holdings IV, an $80 million early-stage fund to increase its support for developer-focused software firms.
Since launching in 2013, Heavybit has invested in teams in 35 cities across 15 countries, and its community has grown to over 40,000 members.
Heavybit’s portfolio companies have raised approximately $4 billion in aggregate financing with the portfolio collectively valued at over $30 billion.
Over 40 founders and early executives central to the DevOps, CI/CD, Jamstack, and serverless software movements personally invested in the fund.
Guy Podjarny, serial entrepreneur and founder of developer security platform and Heavybit alum Snyk; Simon Wistow, co-founder of edge cloud platform Fastly; Edith Harbaugh, LaunchDarkly co-founder and CEO; Sumo Logic co-founder and CTO Christian Beedgen; and Datadog co-founder and CTO Alexis Lê-Quôc are among the key founders.
To date, Heavybit Holdings IV has invested in 10 early-stage companies.
The latest fund will lead Pre-Seed and Seed rounds with typical check size ranges from $500,000 to $3 million depending on company stage and valuation.