Instabug raises $5M Series A round led by Accel, as mobile app usage surges

Instabug raises $5M Series A round led by Accel, as mobile app usage surges

4 years ago
Anonymous $jLg5ANTo37

https://techcrunch.com/2020/05/04/instabug-raises-5m-series-a-round-led-by-accel-as-mobile-app-usage-surges/

There are some startups that behave like sprinters, and others that run a marathon. I came across Instabug when I was in Cairo in 2013. Born during the chaotic era of the Arab Spring, this plucky startup managed to make it to TechCrunch Disrupt, then Y Combinator in 2016, then a $1.7M in Seed round led by Accel Partners. Originally part of the Egyptian accelerator Flat6Labs Cairo, they raised $300K from angel investors in 2013.

Today they announce a $5M in a Series A round, once again led by Accel. Other angel investors joining include Amr Awadallah, co-founder of Cloudera, and Jim Payne, founder and CEO of MoPub, both of whom have invested previously.