What is Abstract?
Abstract offers a comprehensive workflow system designed to empower designers by enabling them to efficiently manage and share various project files. Founded in 2015 and headquartered in San Francisco, California, the company addresses a critical need within the design industry for streamlined collaboration and asset management. Its platform aims to enhance productivity and facilitate seamless integration of design processes within broader enterprise workflows.
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 BA Venture Partners, Cowboy Ventures, and Amplify Partners
Series C (2019): $30M supported by Cowboy Ventures, Amplify Partners, BA Venture Partners, and Lightspeed Venture Partners
Key Investors in Abstract
Amplify Partners
Amplify Partners is an early-stage venture capital firm that invests in companies at the forefront of machine intelligence and computer science, leveraging deep domain expertise to support technical founding teams.
BA Venture Partners
BA Venture Partners is a venture capital firm that has participated in Abstract's funding rounds, indicating a strategic interest in the software and design technology sectors.
Cowboy Ventures
Cowboy Ventures is a venture capital firm that has backed Abstract, suggesting a focus on early-stage companies with innovative business models and market potential.
What's next for Abstract?
The recent major strategic investment signals a pivotal phase for Abstract, likely indicating a focus on scaling operations, expanding its product capabilities, and potentially entering new markets. With a history of consistent capital raises, including Series A, B, and C rounds, the company is well-positioned to leverage this latest financing for further innovation and market penetration. Future developments may include enhanced features for enterprise-level adoption and deeper integration with other design and development tools, solidifying its role as a key player in the design software ecosystem.
See full Abstract company page
