Raycast Raises $15M in Series A Funding

Raycast, a London, UK-based platform that provides developers quick access to their tools, raised $15m in Series A funding.

The round was led by Accel and Coatue with participation from angel investors Johnny Boufarhat, CEO and founder of Hopin; Jeff Weinstein, Product at Stripe; Jason Warner, former CTO of GitHub and Ott Kaukver, CTO of Checkout.com and ex-CTO of Twilio, among others.

The company intends to use the funds to build its community of developers and tools, accelerate growth on the platform and bring the solution to teams.  

Founded in 2020 by former Facebook software engineers Thomas Paul Mann (CEO) and Petr Nikolaev (CTO), Raycast enables developers to find and update information with its command line inspired interface, enabling automation of day-to-day processes and tasks, and allowing them to focus on the work that matters. 

In 12 months, the company has gained traction and grown its daily active user base from 130 in October 2020 to over 11,000 to date, with more than 20 million actions performed on the platform in that time. Raycast also launched its Extensions API and Store in public beta, giving developers the ability to build custom extensions in less than 30 minutes and share them with their team or community to speed up common tasks. In one month, the community built more than 100 extensions on the beta, connecting to services like Figma, GitHub, Chrome, Notion, YouTube, Twitter and many more. Today, Raycast is publicly launching the Extensions API and Store, opening it up to developers around the world and enabling the creation of a global ecosystem of productivity tools.