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GitHub Is Looking To Raise $200 Million At A $2 Billion Valuation

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Github, the San Francisco-based online code-repository platform, is looking forward to raise about $200 million in a new private-funding round, that would eventually garner the company a staggering valuation of $2 billion, reports Bloomberg.

Founded in 2008, GitHub is a web-based Git repository hosting service, which offers all of the distributed revision control and source code management (SCM) functionality of Git as well as adding its own features. As of 2015, GitHub reports of having over 9 million users and over 21.1 million repositories, making it the largest code host in the world.

Moreover, GitHub is already the popular choice for hosting open source software codes of companies like Microsoft, Facebook, LinkedIn, Twitter among others.

A spokeswoman for GitHub declined to comment to Bloomberg. A representative for Andreessen Horowitz didn’t immediately respond to a phone call and e-mail seeking comment.

While it did not accept VC funds, GitHub still received its first investment from Andreessen Horowitz, who contributed $100 million in 2012. The investment, which was the firm’s largest single deal at the time, valued GitHub at about $750 million.

Though GitHub’s history has been largely a matter of stellar growth and steady popularity, it did suffer a massive distributed denial-of-service (DDoS) attack earlier this year.

Also, co-founder Tom Preston-Werner, left the company after accusations that he and his wife Theresa had engaged in gender-based harassment and discrimination. The duo was later cleared off that charge post an independent investigation by Github.


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