DEV, a Brooklyn, New York-based creator of a social network for developers, raised $11.5M in Series A funding.
The round was led by Mayfield with participation from existing investors including OSS Capital and Charge VC. In conjunction with the funding, Navin Chaddha and Vivek Saraswat from Mayfield will join DEV’s Board of Directors.
The company intends to use the funds to expand the development of its technology platform.
Founded by by Ben Halpern, Peter Frank and Jess Lee, DEV operates a social network for software developers built entirely on open source software, allowing anyone to inspect any line of code. Its distributed community of thousands of developers regularly contribute issue reports, fix bugs, and build features, helping to create a self-reinforcing resource for software developers.
The company leverages distributed open source technology to provide a platform that does not track users, centralize control, or otherwise hoard user data.
DEV currently serves more than 5M unique visitors a month, with more than 250K active signed up members.