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Valuations and other key financial metrics were not publicly disclosed by the company. However, in its announcement, Netlify did say that it’s tripled its customer base (to 800,000 users) and revenue year over year. The company says that 8 percent of internet users visit a Netlify-powered site each month.

In a public statement, Netlify’s co-founder and CEO said “We started Netlify with the mission to empower developers and change the way the web is built. The growing number of developers signing onto Netlify daily and the latest investment in our business has validated that vision. With this funding we’re full-speed ahead delivering new features, investing in our enterprise-grade infrastructure and growing our team, to help more developers and businesses take advantage of the JAMstack.”

What is the JAMstack? It’s a web development architecture co-developed by Biilmann. The acronym stands for JavaScript, APIs and prebuilt Markup. Dynamic functionality is handled by client-side JavaScript; server-side operations get abstracted into composable APIs which can be called over HTTPS via JavaScript; and sites are served as static HTML which can either be written natively or be generated from source files written in Markdown format using a static site generator.2

The principal benefits the JAMstack offers to web developers is that sites can be served exclusively over a content delivery network (CDN), which improves scalability. Because a project’s entire codebase lives in a version control system like Git, and each deployment represents a snapshot of the entire site, developers are able to trace version histories and ensure consistency across an entire live site.

Netlify builds software tools that help with different aspects of JAMstack development. is a local application server developers can use for building and testing their websites prior to production deployment. is a Git workflow for web development. is Netlify’s “application delivery network” that offers features some traditional CDNs don’t.

“To enable more use cases at scale in 2020, we’re investing in new features catering to our enterprise customers, including more control and better collaboration for larger teams. We look forward to enabling the JAMstack at scale with the services they need as they look to migrate major parts of their web infrastructure to Netlify,” said co-founders Chris Bach and Matt Biilmann in about the round.

The company offers for tinkerers and small teams, but with this new funding the company is intent to scale out its . These include more processing power on the build side, higher speed on the deployment side, and other client services like security auditing and premium support.

“Netlify and the JAMstack are fundamentally changing how websites and web applications are built. The large and growing community of developers building on the JAMstack is testament to the movement that Matt and Chris and the team are spearheading, and to the unified platform they’ve built,” said Laura Yao of EQT Ventures.

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Today the larger technology industry is chewing a story that broke yesterday: Microsoft is the new owner of GitHub, the popular developer hosting and distribution platform.

That Microsoft bought the company has figured larger than the price in coverage so far, it seems. The acquiring company’s former life as a virulent anti-open source market participant is something that its recent history as a booster of Linux and other open source tech has not yet fully��ameliorated.

Regardless, here at Crunchbase News, we’re not about to get in the middle of developer fight. We’d rather stick sharp objects under our own fingernails. Instead, let’s work to understand a bit of the math behind the firm’s exit.

Here’s what we know from the companies in question and what Crunchbase has on file:

• Exit price: $7.5 billion in Microsoft stock ().
• Series A investment: $100 million.
• Series A pre-money valuation: $650 million.
• Series A post-money valuation: $750 million ().
• Series B investment: $250 million.
• Series B pre-money valuation: $1.8 billion.
• Series B post-money valuation: $2.05 billion ().

I’m sure that some of the above numbers are at least slightly rounded, but they draw a pretty good picture of the solid exit. From $750 million to $7.5 billion is a 10x result. As always, we don’t know terms on that deal or the later B, so we cannot say “this is the amount of money that Andreessen��Horowitz and SV Angel” walked away with. What we can know is that they multiplied their capital and that whichever a16z fund that check came from is now probably breathing easily.

(We may be overstating that slightly. If a16z used its Parallel Fund III, a����that started investing in January 2012, a $750 million check would only return half the fund. Still, liquid stock is better than illiquid stock.)

Later investors in GitHub’s Series B also multiplied their invested capital. A16z was back in that round, along with Thrive Capital, Sequoia Capital, and IVP. We don’t know the breakdown of that quarter billion dollar round, but those investors picked up a nearly 4x multiple if we think as simply as we can.

We could do better with more information, but that’s a start.

Update: Recode that a16z picked up “over $1 billion” in the exit. How does that math work out? It seems that a16z did a good job defending its Series A investment at the times of the larger Series B. Presuming that it did the vast majority of the A, a16z would have owned around 13.3 percent of GitHub. Presuming that it kept up that percentage during the B, presumably using pro-rata rights, 13.3 percent of $7.5 billion is a billion. (The math is funny: 100/750*7500, etc.)

From The��:

Another unicorn is headed for the exit door. Microsoft will pay $7.5 billion in stock to acquire GitHub, operator of the popular code sharing and collaboration platform. San Francisco-based��, which says it is used by more than 28 million people, previously raised $350 million in venture funding.

Wikia raises $106M

, operator of the fan site network Fandom, has raised $106 million in fresh funding, according to a securities filing. The financing brings total funding for the 14-year-old company to about $145 million.

VCs tune in to podcast startups

Generally, the terms “podcasting startup” and “huge returns” aren’t used in the same sentence. Lately, however, venture investors are finding much to like about the podcast space, with both deal counts and total funding up markedly in the past few quarters.

Latin America’s venture scene heats up

Latin America’s startup scene is scaling up, led by Brazil. Venture deal-making in the region hit a record in 2017, with more than $1 billion in total investment. So far this year, meanwhile, we’ve seen three Latin American companies surpass the $1 billion valuation mark.