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Crashlytics Nabs $1M Round

Flybridge Capital Partners and Baseline Ventures provided Massachusetts-based Crashlytics with a $1 million seed funding. The company provides crash-reporting solutions to mobile developers to pinpoint performance issues.

PRESS RELEASE

Hardcore Hackers Band Together, Create Advanced
Mobile Crash Reporting Company “Crashlytics”, Raise $1M
Flybridge Capital Partners & Baseline Ventures Lead Seed Round,
Joined by Prominent Angel Investors
Currently in beta, Crashlytics provides powerful, yet lightweight crash solution to
mobile developers, including support for iOS 5
CAMBRIDGE, MA (OCTOBER 13, 2011) – Crashlytics, Inc today announced it has
raised $1M in Series Seed funding. Crashlytics is building the most powerful – yet
lightest-weight – crash-reporting solution to give mobile developers visibility into their
apps’ performance.
When it comes to mobile application stability, developers have no real visibility into
how their apps perform in customers’ hands. Some developers have built ad-hoc solutions
only to find themselves overwhelmed with a vast amount of data and a sheer
lack of insights. Crashlytics solves these problems, providing developers with detailed
diagnostics about every issue, securely and in real-time, including the exact
line number of code that the app crashed on.
Due to mobile device capacity and network constraints, mobile developers are sensitive
when it comes to the download size of their apps. Crashlytics is lightweight. The
footprint to integrate Crashlytics into an app is about 75KB — far less than the size of
the average SDK, which can be 10 to 70 times heavier. Also, unlike some ad-hoc
solutions, Crashlytics does not require the developer to ship bloated debug builds of
their apps, which adds significantly to the download size.
Crashlytics initially supports iOS, with Android support on the way. It is currently in
beta.
“Crashlytics sets the bar high for iOS components. It was ridiculously easy to integrate,”
said Jeff Powers, cofounder and CEO of Occipital, the creator of 360 Panorama
and RedLaser. “We plan to follow their lead when we release our own components
in the future.”
“Crashlytics is lightweight,” said David Chang, COO at Where, a PayPal company. “It
provides deeper insights beyond just pure crash reports. And it does all this without
adding baggage to the apps.”
“I was actually laughing the whole time while installing it because of how easy it is to
implement,” said Ehab Abdou, Lead iOS Developer for Massive Damage, a leading
mobile game company. “Crashlytics did a really great job making it this easy.”
“Crashlytics tracks and identifies crashes, allowing us to greatly improve the user
experience,” said Mark Bao of Hacker News HD, ”Crashlytics isn’t just easy — it
delivers real and actionable results.”
One Broadway, 14th Floor
Cambridge, MA 01242
T 617-500-3365
E contact@crashlytics.com
www.crashlytics.com
Crashlytics was founded by Jeff Seibert and Wayne Chang, both serial entrepreneurs.
Seibert most-recently co-founded Increo Solutions, Inc., which was acquired
by Box.net in 2009. Seibert has spent 13 years developing for – and dissecting – Apple
operating systems. He also worked for Apple, contributing to multiple projects
there. Seibert is a Computer Science graduate from Stanford University and a 2007
Mayfield Fellow.
Co-founder Wayne Chang is also a hacker and has built tools used by millions.
Among other startups and projects, Wayne founded i2hub, a popular file sharing
company, in the mid-2000’s. Wayne is also an active angel investor, a mentor at
TechStars, and serves as an advisor to startups.
“Given Jeff and Wayne’s pedigrees and their vision for Crashlytics, we jumped to
work with them,” said David Aronoff, general partner at Flybridge Capital Partners.
“They get it.”
“When I saw the way Crashlytics was approaching the problem, it reminded me of
the focus and attention to the user experience that Heroku had,” said Steve Anderson,
founder of Baseline Ventures that is also a key early investor in Heroku. “It’s
easy and powerful at the same time.”
Investment firms Flybridge Capital Partners and Baseline Ventures led the round.
Angel investors include David Chang (COO at Where, a PayPal company), Lars Albright
(cofounder of Quattro, now Apple iAds), Chris Sheehan (Managing Partner at
CommonAngels), Ty Danco (Founder, eSecLending and FX Aligned), Jennifer Lum
(former VP at Quattro, now Apple iAds), Roy Rodenstein (founder of Going.com and
a former Director of Business Planning at AOL), Joe Caruso (Managing Partner at
Bantam Group), and others.
For more information about Crashlytics, visit http://www.crashlytics.com.
About Flybridge Capital Partners – www.flybridge.com
Flybridge Capital Partners is an early-stage venture capital firm whose mission is to
assist entrepreneurs in growing innovative, global companies. With $560 million under
management, the firm is focused on investing in consumer, energy, healthcare
and information technology markets and is led by a team with domain expertise and
more than half a century of combined experience in venture capital.
About Baseline Ventures – www.baselinev.com
Baseline Ventures is a seed-stage capital firm founded by Steve Anderson in late
2006. Bringing his diverse experience from eBay, Microsoft, Kleiner Perkins, Starbucks
and Digital Equipment Corporation, Steve founded Baseline to in order to help
entrepreneurs build and grow their ideas into companies. Since its inception, Baseline
is proud to have backed over 30 founding teams in promising software and web
companies including Rupture (acquired by EA), Mixer Labs (acquired by Twitter),
Sendori (acquired by Ask.com), Parakey (acquired by Facebook), Haute Secure (acquired
by Truste), Heroku (acquired by Salesforce), Aardvark and DocVerse (both
acquired by Google), Twitter and Trialpay.
One Broadway, 14th Floor