An open-source alternative to Google’s firebase – Our investment in Appwrite’s $10M seed round

At Seedcamp, we are energised by the wave of open source companies that have emerged in the tech ecosystem over the last few years. Appwrite is no exception to this rule. When we first reached out cold to Appwrite’s founder Eldad Fux and he pitched us his grand ambitions, we immediately knew we were meeting a force to be reckoned with. Eldad’s vision for becoming the go-to platform for developer needs resonated with us. Today, we are delighted to see Appwrite announce a $10 million seed round led by Bessemer Venture Partners and Flybridge, with participation from us at Seedcamp and Ibex Investors. Appwrite is a self-hosted solution that provides developers with a set of easy-to-integrate REST APIs to manage their core backend needs, and to accelerate their application development through a flexible plug-and-play solution. 

Appwrite has had significant success so far in growing its community: it is one of the fastest-growing open source projects on GitHub with over 10,000 stars, more than 30,000 developers joining the Appwrite community in just the last four months and more than 250 code contributors around the globe. What we like about Appwrite (apart from Eldad’s smile) is that it is both cross-platform and technology-agnostic, meaning it can run on any operating system, coding language, framework, or platform. You can integrate Appwrite directly with your client app and use it behind your custom backend or alongside your custom backend server. 

Born and raised in Tel Aviv, Israel, Eldad began his career by contributing to open-source software projects, and starting Appwrite as a side project. “I started Appwrite to scratch my own itch, but it has quickly become something so much bigger than me,” Eldad explains. “Clearly, many developers were having similar challenges with current backend servers for application development. As software development becomes more complex and repetitive every day, abstraction layers like Appwrite are a necessity. Using Appwrite, we’re allowing developers to focus on innovation instead of building common APIs and dev-tools from scratch.”

The global backend-as-a-service market (BaaS) is set to grow at a CAGR of 68.2 percent from 2021 to 2027, so Appwrite is tackling a hefty space, but we really believe that Eldad and the team’s ambition and experience will only allow it to continue growing. We’ve been very lucky to have the chance to partner with Eldad since day 1. He’s an incredibly gifted technical founder and a truly visionary leader,” Seedcamp Partner Sia Houchangnia says, “Over the past year, Eldad and his team have built a uniquely simple, yet powerful BaaS platform, which is loved by developers.

If you’re as excited as we are about what the Appwrite team is building, then learn more about joining the team here.

Eldad Fux, Founder and CEO of Appwrite

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