About Nitro
Nitro is a company based in San Francisco (United States) founded in 2005 by Chris Marks was acquired by Alludo in November 2022. It operates as a SaaS (Software-as-a-Service), and Subscription Services. Nitro has raised $36.6 million across 4 funding rounds from investors including Regal Funds Management, Alludo and Battery Ventures. The company has 157 employees as of December 31, 2022. Nitro has completed 4 acquisitions, including Daggerboard, Nitro and PDFpen. Nitro offers products and services including Nitro PDF, Nitro Sign, and Nitro Identity. Nitro operates in a competitive market with competitors including Box, Adobe, Acquia, M-Files and PandaDoc, among others.
- Headquarter San Francisco, United States
- Employees 157 as on 31 Dec, 2022
- Founders Chris Marks
- Stage Public
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Nitro Software, Inc.
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Annual Revenue
$40.2 M13as on Dec 31, 2020
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Net Profit
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EBITDA
$-6 M-58as on Dec 31, 2020
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Total Equity Funding
$36.6 M (USD)
in 4 rounds
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Latest Funding Round
$15 M (USD), Series C
Apr 03, 2017
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Investors
Regal Funds Management
& 4 more
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Employee Count
157
as on Dec 31, 2022
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Investments & Acquisitions
Daggerboard
& 3 more
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Acquired by
Alludo
(Nov 15, 2022)
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Products & Services of Nitro
Nitro offers a comprehensive portfolio of products and services, including Nitro PDF, Nitro Sign, and Nitro Identity. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
PDF editing and conversion tools are provided for users.
Secure eSigning solutions are offered for document workflows.
User authentication services are delivered for secure transactions.
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Funding Insights of Nitro
Nitro has successfully raised a total of $36.6M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $15 million completed in April 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $15.0M
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First Round
First Round
(03 Apr 2012)
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2017 | Amount | Series C - Nitro | Valuation | Battery Ventures | |
| Jan, 2015 | Amount | Series B - Nitro | Valuation | Battery Ventures |
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| Oct, 2013 | Amount | Series A - Nitro | Valuation | Starfish Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Nitro
Nitro has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Regal Funds Management, Alludo and Battery Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Investments in technology companies are conducted globally by Battery Ventures.
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Founded Year | Domain | Location | |
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Alium Capital Management is focused on technology and innovation investments.
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Founded Year | Domain | Location | |
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Stage-agnostic sector-agnostic VC firm investing in Australia, New Zealand and the US
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Nitro
Nitro has strategically engaged in corporate development activities, having acquired 4 companies. Notable acquisitions include Daggerboard, Nitro and PDFpen. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Digital transaction management software is offered for financial services firms.
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2014 | ||||
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Applications for data visualization and performance analysis are developed.
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2012 | ||||
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Cloud-based platform for electronic signature
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2005 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Nitro
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Nitro Comparisons
Competitors of Nitro
Nitro operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Box, Adobe, Acquia, M-Files and PandaDoc, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
AI-based platform for secure collaboration and content management is utilized.
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| domain | founded_year | HQ Location |
AI-powered platform manages marketing creatives and customer journeys.
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| domain | founded_year | HQ Location |
AI powered digital experience and customer data management platform
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| domain | founded_year | HQ Location |
Documents are managed and automated for enterprise knowledge work.
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| domain | founded_year | HQ Location |
Document workflows are automated and managed for sales teams.
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| domain | founded_year | HQ Location |
An open source platform for content management applications is provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Nitro
Frequently Asked Questions about Nitro
When was Nitro founded?
Nitro was founded in 2005 and raised its 1st funding round 7 years after it was founded.
Where is Nitro located?
Nitro is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Is Nitro a funded company?
Nitro is a funded company, having raised a total of $36.6M across 4 funding rounds to date. The company's 1st funding round was a Series A of $3.1M, raised on Apr 03, 2012.
How many employees does Nitro have?
As of Dec 31, 2022, the latest employee count at Nitro is 157.
What is the annual revenue of Nitro?
Annual revenue of Nitro is $40.2M as on Dec 31, 2020.
What does Nitro do?
Document management and eSignature solutions are offered by Nitro to streamline workflows. Services are provided across various sectors including real estate, healthcare, and education. PDF editing, secure signing, and identity verification tools are developed to enhance productivity and ensure compliance with global standards. Affordable pricing and AI-powered automation are integrated to support businesses of all sizes.
What products or services does Nitro offer?
Nitro offers Nitro PDF, Nitro Sign, and Nitro Identity.
How many acquisitions has Nitro made?
Nitro has made 4 acquisitions, including Daggerboard, Nitro, and PDFpen.
Who are Nitro's investors?
Nitro has 5 investors. Key investors include Regal Funds Management, Alludo, Battery Ventures, Alium Capital Management, and Starfish Ventures.
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