SensioLabs, Creator of Symfony, Successfully Closes Its $7 Million Series a Financing Round With CM-CIC Private Capital
PARIS, December 16, 2013-- SensioLabs, creator of the Symfony PHP framework, announces the closing of a $7 million $ financing round from leader CM-CIC Private Capital. These funds will enable the company, co-founded by Fabien Potencier and Gregory Pascal, to accelerate its international growth and continue its PHP language tool development.
Symfony, international leader in professional PHP frameworks
PHP is the most commonly used programming language on the web (75% of all internet sites). This powerful tool is used by numerous web leaders such as Facebook, Yahoo! and Wordpress.
Created in 2005 by Fabien Potencier, Symfony is a development framework used by numerous popular open-source projects (Drupal, phpBB, eZ, Publish, etc.) and thousands of companies (Dailymotion, Yahoo!, Blablacar, etc.) worldwide. Adopted by a community of over 100,000 developers, Symfony and its components are downloaded more than a million times every month and are recognized as one of the most professional open-source solutions available in PHP today.
SensioLabs, PHP development solutions
Founded in 2012, SensioLabs aimed to help find answers to growing issues developers and companies encountered with the Symfony framework and PHP language in their specific applications.
Beyond offering service and support, SensioLabs conceives products destined for companies and developers, their goal being to improve quality, deployment and easy management of their PHP applications. The first solution, SensioLabsInsight, destined to measure code quality in PHP applications is available in beta version since October 2013.
With six offices throughout France, Germany and the United Kingdom, the company will develop its overseas activities, namely in the United States to support the increased use of Symfony in that market.
With more than 80 collaborators, the company earned 7 million Euros in 2013 and anticipates hiring 100 people between now and 2015.
“We have been following the Symfony adventure for several years and are happy to join Fabien and Gregory in this new stage of development. We share their keen vision of the continual evolution of the web and appreciate the quality of their product and entrepreneurial road for the last 15 years. “Nicolas Meunier, Director of Participation, CM-CIC Private Capital
”Symfony, developed in France, benefits from strong international communication. With this investment envelope, SensioLabs can now accelerate its development.” Pascal Mercier, Managing Director, Global Equities Corporate Finance
Caroline Prince, +33-1-53-63-27-35
Venture Capital Database
Venture Capital Deals Spreadsheet