Devii Secures $2.2 Million Investment

April 16th, 2024

Devii Secures $2.2 Million in Latest Investment Round Led by Homegrown Capital.

FARGO, ND —Devii, a leading innovator in the API management industry, is thrilled to announce the successful closure of a $2.2 million seed investment round, spearheaded by Homegrown Capital with significant contributions from a diverse group of investors. This new influx of capital is representative of both the rapidly growing API management industry as well as the growing confidence in Devii’s vision for driving enterprise-level software tool advancements.

“We are so excited to partner with Anthony and the entire team at Devii,” remarks Tim Weelborg, GP of Homegrown Capital. “We’re impressed with the world-class platform that they have developed to simplify and accelerate API development at scale. We’re excited to join the team as they continue on their explosive growth curve.”

100% of this round is a blend of investments from South and North Dakota. In addition to Homegrown Capital, Devii is honored to be backed by the North Dakota Development Fund through its Angel Match Program, Falls Angel Fund, Park Capital Fund, gener8tor 1889 Fund, 701 Angel Fund, Pathway Ventures, and a number of supportive individual angels. Their investment in Devii highlights the financial readiness within our Dakota region to support those who are building advanced, highly technical, and scalable software innovations.

“I am proud to be developing software tools for the global engineering industry and humbled by the invitational support of North and South Dakota’s investment community to ensure we continue developing these tools right here in the Midwest,” states Anthony, CEO of Devii. “It feels like we are experiencing the best of two different worlds,” he remarks, regarding a Silicon Valley-level of accessibility to seed/A investors coupled with a pleasant Midwest living condition.

This latest round of funding is a significant milestone for Devii, providing the resources needed to accelerate its growth and continue expanding its innovative approach to delivering a world-class API management experience. This leading group of investors, each bringing unique perspectives and expertise, proves again that our region is more than capable of supporting the next generation of high-tech enterprise solutions for software developers around the world.

“This investment is fueling our continued commitment to delivering a state-of-the-art software suite right into the hands of the engineering teams who are shaping our digital world,” says Anthony. “What is particularly special to me about this oversubscribed round is it enables us to completely focus on delivering the software tooling that our API Management market demands. We are working *on* the software industry, not just in it.”

For more information about Devii and how to sign up for access to Devii’s GraphQL API management platform, please visit devii.io for details.

About Devii

Devii is a forward-thinking technology company dedicated to pushing the boundaries of API management for software engineers. With a focus on simplifying and accelerating API development at scale, Devii is transforming the way technology organizations approach app development, data science, and information security. This transformation addresses real-world challenges of workforce development, responsible and secure AI/ML data access, and the greater digital transformation needs of the software industry at large.

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