Apideck Secures $7.5M in Series A Funding to Fuel Global Expansion and API Innovation

Apideck, an API software solutions provider, has just secured $7.5 million in its Series A funding round led by Airbridge Equity Partners of Amsterdam. PMV, angel investors, and several executives-in-residence from companies such as Atlassian, Rocketreach, Aikido, Teamleader, and Proxyclick have also participated in the round. This investment will boost the firm’s expansion into other international markets and continue to enhance its product offerings to B2B software and fintech firms.

The core of Apideck’s business is its Unified API platform, making integrations easy for businesses to connect numerous software tools in an efficient manner. With this secure and cost-effective means of customer data management, Apideck has attracted a range of clients from startups to publicly listed companies. Among their notable customers are BILL, Drata, Benefex, Principal Group, 11x, Kintsugi, Setyl, and Atradius. The company has offices in both San Francisco and Europe and services a global customer base.

Rick van Boekel, co-founder and partner at Airbridge, expressed excitement about the company’s potential, stating, “Apideck’s Unified API platform simplifies integrations while ensuring secure, cost-efficient management of customer data. We’re excited to support their growth as they meet the increasing demand for seamless SaaS solutions.” He also highlighted the upcoming integration of AI technologies, which could further transform the way businesses connect their tools.

It will be used to scale the engineering, product, and go-to-market teams at Apideck in order to support growing customer demand. According to Apideck, it will continue to enhance its platform as demand increases for integrated software solutions, add more API connectors, and build new partnerships with software providers.

Gertjan De Wilde, Apideck’s CEO and co-founder, indicated the need for integrations in the current SaaS landscape: “Integrations have become a critical requirement for any business that is adopting SaaS products. Our real-time Unified API platform empowers companies to enable their customers to connect the tools they rely on, reduce friction and make their engineering teams focus on what they do best.”

One of the key differentiators is Apideck, because it changes how integrations are approached. In contrast with the existing platforms, which normally demand companies to work on separate APIs for each service in use, Apideck allows for the standardization of the process, meaning that businesses can connect numerous software applications with minimal effort. This streamlines workflows while ensuring full control over customer data.

The Apideck platform currently supports over 150 connectors across multiple industries including HRIS, accounting, CRM, and e-commerce, with the company expanding its coverage into new API categories that leverage the power of unified integration from the business in different sectors. Apart from flexibility, the platform avails its no-data-storage approach, which grants customers greater control over budgets than any other pricing model deriving from usage. In other words, businesses pay only for the connections they use, instead of paying a flat fee based on the number of connections.

According to Tom Schouteden, COO and co-founder of Apideck, the company’s unique pricing model is “next to superior security, our no-data-storage approach gives customers control over their budget through usage-based pricing, instead of customers having to pay per connection, regardless of whether they are actually using the service.”

For its future, Apideck is building into its Unified API platform emerging large language models. This will allow customers to tap into AI real-time processing of data and unlock new automation and decision-making capabilities within their organizations.

With this investment and continued efforts on innovation, Apideck is aptly positioned to lead the charge in simplifying API integrations for businesses across the globe. The scalable nature of the company’s platform, combined with its robust customer base and plans to integrate cutting-edge AI technology, positions it squarely at the helm of a rapidly growing B2B software and fintech sector.