SAN FRANCISCO, May 19, 2015 /PRNewswire/ -- Meteor Development Group (MDG), the company behind the popular Meteor open source application development platform, today announced it has raised $20 million in Series B funding. Matrix Partners led the round, with participation from Andreessen Horowitz and Trinity Ventures. As part of the announcement, Meteor also announced that David Skok of Matrix Partners will join the board of MDG alongside Meteor founders, Geoff Schmidt and Matt DeBergalis, and Rod Johnson, founder of the Spring Framework.
The funds will be used to accelerate growth of the company's engineering, support, and business operations activities with the aim of making app development radically easier for developers everywhere. As a result, the company will be better positioned to deliver on the promise of a platform for modern web apps comprising reactive, multi-device experiences, best-in-class operations capabilities, and a thriving ecosystem of platform extensions, packages, and tools.
"The Meteor team understands the needs of application developers. It has built a platform that makes it very easy for any developer to build modern cloud/client applications for servers, browsers, and mobile devices while using a single code base," said David Skok, general partner at Matrix Partners. "This is a massive undertaking, and scaling an open source platform is incredibly difficult, but after working closely with Matt and Geoff over the past two years and seeing the support they're receiving from the developer community, we are convinced that this is the team that can deliver."
"We are in an excellent position to accelerate the platform roadmap, respond to the growing needs of our customers, and better serve the amazing community contributing to and building apps with Meteor," said Geoff Schmidt, CEO of Meteor Development Group. "We're excited to have David Skok join the Meteor board of directors, as each board member brings a wealth of expertise in application development technologies, open source community building, and overall business execution necessary to guide the company and deliver on Meteor's promise."
About Matrix Partners
Matrix Partners backs passionate entrepreneurs who have the vision and unstoppable drive to make a difference in the world. Our general partners have lived the entrepreneurial journey you are on and we stand behind you, offering personalized guidance and services to maximize your success. From our beginnings with Apple, Sycamore Networks and Veritas, to recent investments in Oculus VR, Zendesk, Hubspot, JustFab, Gilt, Meteor and more, we've earned the trust of each founder we've supported. Find us in Palo Alto, Cambridge, Shanghai, Beijing, and Mumbai, at matrixpartners.com or @MatrixPartners
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