Today, we are excited to announce that btov Partners has joined and expanded our Seed Series by $2.3M for a total of $8.3M. The additional funding continues our accelerated business momentum by helping us broaden our international customer base and speed up our product innovation. btov Partners’ Digital Tech Fund backs B2C and B2B businesses in the fields of AI, SaaS, logistics, digital health and marketplaces—a natural fit for Kubermatic’s cloud automation portfolio.
btov aims to be the first backer of outstanding European entrepreneurs in non-obvious technologies. Could anything describe Kubernetes and our approach at Kubermatic better than that? While cloud native technologies are disrupting IT infrastructure, with Gartner predicting that “cloud native adoption will explode to the point where by 2025 over 95% of new digital workloads will be deployed on cloud platforms”, Kubernetes itself remains a complex technology—not obvious even to many who are deeply involved in the layer between IT hardware and the next-gen applications that will power our future. Our approach of providing best-of-breed, out-of-the-box tools and the flexibility to select, add, or swap out specific features reflects today’s market needs. Moreover, we are strong proponents of open-source software (OSS) and believe that open standards and a vibrant developer community are the future of enterprise software. We are more than happy that our seed investors are united by a strong understanding of both the potential of Kubernetes and cloud native technologies, as well as the OSS market.
What we find especially thrilling about working with btov Partners is their outstanding private investor network, their formidable footprint in Europe, and their long-term orientation and focus on sustainability. We are very thankful for the trust that btov and the lead investor, Nauta Capital, have placed in us in this Seed Round. We are looking forward to advancing cloud native adoption and serving up the speed, agility, and scalability that enterprises need to build tomorrow’s cutting edge technologies.