Tyk secures £25.3m from Scottish Equity Partners and MMC Ventures to scale operations
Scottish Equity Partners led the growth equity round to accelerate product development and international expansion.
Tyk provides an open-source API management platform that helps enterprises monitor, secure, and manage their software interfaces. The company operates as a remote-first organisation with a global workforce.
Tyk has secured £25.3m in growth equity funding led by Scottish Equity Partners, with continued participation from existing backer MMC Ventures. The London-based company will direct the capital towards accelerating product development and expanding its geographical footprint into new international markets.
Founded in 2014, Tyk provides API management solutions to help engineering teams build mission-critical systems. The fresh injection of funds will support the scaling of its UK operations, expansion on the US West Coast, and the opening of new offices in Germany, Australia, and New Zealand.
Scottish Equity Partners sees strong potential in the firm's API technology, particularly following the launch of its Universal Data Graph product earlier this year. As part of the transaction, Keith Davidson joins the Tyk board as a non-executive director.
From the founder
"APIs are everywhere. Ordered a pizza online? You can thank APIs for that. Just applied for a credit card? That's APIs from start to finish. The modern enterprise is at its core an API company, and those that want to survive are expanding their API ecosystems rapidly. With that growth comes an increasing need to manage, monitor and secure that complexity."
Martin Buhr
CEO and co-founder at Tyk
Investor perspective
"Martin and James have built a world-class team and the addition of this new capital will enable Tyk to accelerate the growth of its API management platform, particularly around the GraphQL focused Universal Data Graph product that launched earlier this year. We are pleased to be supporting the team to achieve their global ambitions."
Martin Brennan
Director, Scottish Equity Partners
Use of funds
- 01Continue product development
- 02Expand into international markets
- 03Grow the team
Investors
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About the company
Tyk
Tyk builds an API management platform for enterprise software delivery.