French API management platform Gravitee.io has raised $11M (approx €9.3M) in a Series A round, co-led by AlbionVC and Oxx, to power its expansion in the API management market, which is predicted to be valued at $22B by 2028.
Fund utilisation
With the proceeds, the open-source platform plans to expand its team across development, sales and marketing, to enhance support for its community of development teams, accelerate delivery of the Gravitee.io team’s expanded vision for API control and expand further into international markets.