We’d rather spend our time on the work that actually matters. “As developers ourselves, we find ourselves spending a lot of time on busywork that doesn’t bring that much value. “We started the company because we wanted to improve how we work with computers,” Raycast CEO Thomas Paul Mann told TechCrunch in an interview.
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Raycast was founded in 2020 by former Facebook software engineers, Thomas Paul Mann and Petr Nikolaev, who sought out to create a way to recover the time developers lose every day due to continuous context-switching between different SaaS tools.
Also participating in the round were angel investors Johnny Boufarhat, the CEO and founder of Hopin Jeff Weinstein, the head of product at Stripe Jason Warner, the former CTO of GitHub and Ott Kaukver, the CTO of, among others. We feel Raycast offers a powerful platform for developers to speed up common tasks.Developer-focused productivity tool Raycast has raised $15 million in Series A funding, led by Accel and Coatue. Raycast is publicly launching the Extensions API and Store, opening it up to developers around the world and enabling the creation of a truly global ecosystem of productivity tools.ĭavid Cahn, partner at Coatue, said: “Too many developers are losing time that could be spent on core work because they’re jumping between non-coding tasks or searching for information across different SaaS tools. Within a month, the community built over 100 extensions on the beta, connecting to services like Figma, GitHub, Chrome, Notion, YouTube, Twitter and more. This backs up our initial belief that Raycast has the potential to become an indispensable tool for developers, and we’re excited to see the team go even further with the launch of the API and Store and expansion to teams.” Raycast launches Extensions API and Storeīesides the funding round, 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. These users have performed over 20 million actions on the platform.Īndrei Brasoveanu, partner at Accel, said: “Since leading Raycast’s seed investment, we’ve been impressed with the growth and traction Raycast has seen in the developer community.
Over the past 12 months, Raycast has grown its daily active user base to over 11,000 from 130 in October last year. “We’re also incredibly excited to, for the first time, grant early access to our new team features, and we hope it can make building and distributing internal tools even easier for businesses as well as individuals,” said Raycast CEO Thomas Paul Mann said. Raycast also received backing from angel investors such as Johnny Boufarhat, CEO and founder of Hopin Jeff Weinstein, Product at Stripe Jason Warner, former CTO of GitHub Ott Kaukver, CTO of and ex-CTO of Twilio, among others. Raycast said it will use the proceeds of the funding round to “double down” on growing its developer community and tools and make the platform available to teams of developers.įounded in 2020 by former Facebook software engineers Thomas Paul Mann and Petr Nikolaev, Raycast’s platform provides software developers with tools to reduce context switching, when a computer process is suspended and reaccessed later. London-based developer platform Raycast has raised $15m (£11.2m) in a Series A funding round led by Coatue and Accel. įollow us on Facebook Follow us on Twitter Follow us on LinkedIn See us on YouTube Is there an investor you’d like us to interview? If so, email your suggestions to. Investor Interviews Read our interviews with prominent Angels and VCs who invest in the UK tech space.Find out what they have learned and the mistakes they have made along the way. Founder Interviews Read our interviews with inspiring tech company founders.Funding Advice from our experts on everything you need to know about raising funding, whether you are trying to secure investment from a bank, an Angel or a VC.
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