Strapi plans to use the funds to support the launch of its cloud product. Here are the top-line bullets you need to know.
Strapi, a headless CMS platform, has raised $31M in a Series B. The round drew participation from CRV, Flex Capital, and Index Ventures, among others.
HOW’S THE COMPANY PERFORMING?
- France-based Strapi helps developers design APIs and editors manage their content.
- The company’s platform has witnessed 7M downloads.
- It has 450 paying customers, including AT&T, eBay, IBM, and Toyota. It also caters to government agencies in Europe and the US.
- Strapi has launched a marketplace to help users find useful plug-ins.
- It is supported by a team of 70 employees.
WHY DOES THE MARKET MATTER?
- The global headless content management system (CMS) software market is expected to reach a value of $2.9B by 2030, growing at a CAGR of 22.15%, according to Verified Market Research.
- Headless content management systems have proven to be more secure and yield better performance than traditional content management systems in some cases, which has led organizations to increasingly turn to these solutions.
- Companies have also been drawn to the flexibility of these systems as well as their ability to support localization initiatives.