What is Abstract?
Abstract provides a comprehensive workflow system designed to empower designers by streamlining the management and sharing of various project files. Founded in 2015 and headquartered in San Francisco, California, the company addresses critical needs within the design industry for efficient collaboration and version control. Its platform aims to enhance productivity and facilitate seamless project execution for design teams, positioning it as a key player in the design software market.
How much funding has Abstract raised?
Abstract has raised a total of $52M across 3 funding rounds:
Series A
$6M
Series B
$16M
Series C
$30M
Series A (2017): $6M with participation from Amplify Partners
Series B (2018): $16M led by Amplify Partners, Cowboy Ventures, and BA Venture Partners
Series C (2019): $30M supported by Cowboy Ventures, Amplify Partners, Lightspeed Venture Partners, and BA Venture Partners
Key Investors in Abstract
Amplify Partners
Amplify Partners invests in early-stage companies pioneering novel applications in machine intelligence and computer science. The firm's deep domain expertise and unrivaled relationships with leading technologists, positions it uniquely with enterprise insight and the ability to serve technical founding teams.
Cowboy Ventures
Cowboy Ventures is a venture capital firm that invests in early-stage technology companies. Their focus is on identifying and supporting innovative startups with high growth potential.
Lightspeed Venture Partners
Lightspeed Venture Partners is a global multistage venture capital firm that raises dedicated funds and invests in early and growthstage technology companies across sectors such as enterprise software, consumer, fintech, and infrastructure, partnering with founders from seed through IPO/M&A.
What's next for Abstract?
The recent major strategic investment signals a new phase of expansion for Abstract. This capital infusion is expected to fuel further product development, enhance market penetration, and potentially explore new verticals within the design and creative industries. With a history of securing substantial backing, Abstract is poised to scale its operations and solidify its competitive advantage, likely focusing on expanding its enterprise-level offerings and strengthening its technological infrastructure to meet growing demand.
See full Abstract company page
