How Much Did Mattermost Raise?
Funding & Key Investors

Mattermost has successfully secured a significant capital injection, bringing its total funding to $70M. This latest financing round, which contributed $50M to the company's balance sheet, underscores the growing demand for secure, open-source collaboration infrastructure within the enterprise software development sector. By attracting high-profile institutional backing, the firm has solidified its trajectory as a critical component of the modern DevOps stack.

The company's growth narrative is defined by a series of strategic investment milestones, beginning with its Series A round in early 2019 and followed by a substantial Series B expansion later that same year. This progression highlights a clear commitment to scaling its operational capabilities and expanding its market footprint in a competitive landscape dominated by proprietary communication tools.

What is Mattermost?

Mattermost
SoftwareContent & Collaboration Software

Mattermost operates as a specialized open-source platform designed to facilitate secure communication, collaboration, and workflow orchestration for technical teams. By integrating deeply with a vast ecosystem of developer-centric tools, the platform addresses the unique requirements of software engineering organizations that prioritize data sovereignty and operational transparency. Its market position is anchored in its ability to provide a self-hosted, highly customizable alternative to mainstream messaging applications, making it an essential utility for enterprises managing complex, distributed development environments. The platform's architecture is specifically engineered to support the high-velocity needs of modern engineering departments, ensuring that collaboration remains synchronized with the underlying code deployment lifecycle.

How much funding has Mattermost raised?

Mattermost has raised a total of $70M across 2 funding rounds:

2019

Series A

$20M

Series B

$50M

Series A (2019): $20M with participation from Redpoint Ventures

Series B (2019): $50M led by Battery Ventures, Redpoint, Y Combinator Continuity, and S28 Capital

Key Investors in Mattermost

Redpoint Ventures

Redpoint Ventures was founded in 1999 and is a venture capital firm focused on investments in early growth-stage companies.

Battery Ventures

Battery partners with exceptional founders and management teams developing category-defining businesses in markets including software and services, enterprise infrastructure, and industrial technology.

Y Combinator Continuity

Established in 2005 and located in Mountain View, California, Y Combinator provides seed funding for startup businesses and acts as a strategic partner for scaling enterprises.

What's next for Mattermost?

With the recent infusion of capital, Mattermost is well-positioned to accelerate its product roadmap and deepen its penetration into the enterprise market. The strategic focus will likely center on enhancing its orchestration capabilities, further automating developer workflows, and expanding its suite of security-focused features to meet the rigorous compliance standards of global organizations. As the company matures, the emphasis will shift toward scaling its go-to-market strategy and fostering a more robust partner ecosystem. By leveraging its open-source foundation, Mattermost aims to capture a larger share of the enterprise collaboration market, positioning itself as the primary hub for technical teams seeking to optimize their internal communication and project management processes in an increasingly fragmented digital workspace.

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Frequently Asked Questions Regarding Mattermost Financial Insights

What are the most recent funding rounds that Mattermost has completed, and what were the funding rounds?
Mattermost has recently completed 2 funding rounds: Series B on Jun 19, 2019, Series A on Feb 5, 2019.
What is the total amount of funding Mattermost has raised to date?
Mattermost has raised a total of $70M in funding to date.
How many funding rounds has Mattermost completed?
Mattermost has completed 2 funding rounds.
How much funding did Mattermost raise in its most recent funding round?
Mattermost raised $50M in its most recent funding round.
Who are the lead investors in Mattermost's latest funding round?
The lead investor in Mattermost's latest funding round was Battery Ventures. To access investor data and explore similar companies, sign up for ZoomInfo.
Which was the largest funding round in Mattermost's history?
The largest funding round in Mattermost's history was $50M.
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