GitHub can expand considerably after millions of dollars injection
Developer platform GitHub has accepted a $100 million investment from investor fund Andreessen Horowitz. The company hopes to be able to expand and serve more platforms with this.
The investment is the first GitHub has ever taken on and the largest Andreessen Horowitz has ever made. The investor fund has previously invested in other internet start-ups, such as Twitter, Skype, Facebook, Groupon and Zynga.
The founders of GitHub want to use the money to hire more developers and expand into other platforms. Peter Levine, of the investment firm Andreessen Horowitz, will join the board of GitHub.
Founded in April 2008, GitHub has grown in four years to a company with more than 100 employees, while growing revenue by 300 percent each year. GitHub currently has 1.9 million users.
Recently, GitHub released its Windows client. With the investment, the company also plans to release several clients on mobile platforms.