COMPANY INFO
Linear is a software development company founded in 2019 by Karri Saarinen and Tuomas Artman. Headquartered in San Francisco, California, with approximately 112-129 employees, Linear provides a purpose-built tool for tracking issues, managing sprints, and organizing project roadmaps to streamline software development processes. Their website is linear.app.
Linear is a software development company founded in 2019 by Karri Saarinen, Jori Lallo, and Tuomas Artman. Headquartered in San Francisco, California, Linear operates within the software development industry and employs between 112 and 129 people. The company offers a purpose-built tool designed for tracking issues, managing sprints, and organizing project roadmaps, dedicated to streamlining software development processes and boosting team productivity.
Linear has demonstrated an impressive funding history, raising a total of $134 million across four rounds as it scaled from its initial launch to a rapidly growing global operation. The company’s funding strategy has involved partnering with top-tier venture capital firms and investors, focusing on continual product development, scaling operations, and expanding into new markets. Key milestones include its Seed round in 2019, rapid Series A and B rounds that accelerated growth, and a late-stage Series C at a $1.25 billion valuation, marking Linear’s entry into the unicorn club.
The Series C round was geared toward late-stage growth and scaling operations. With a significant $82 million raised and a new $1.25 billion valuation, Linear focused these funds on expanding its engineering teams, growing internationally, and continuing product innovation.
This round supported Linear’s market expansion and accelerated growth. The $35 million investment enabled the company to enhance its market presence, invest in technology infrastructure, and speed up go-to-market initiatives.
The Series A round funded further product development and team scaling. The $13 million raised allowed Linear to solidify its product offerings and expand its workforce as demand increased.
Linear’s seed funding round brought in $4.2 million for its initial launch and early product development efforts. This foundational investment set the stage for subsequent growth and product-market fit.
Accel, a globally recognized venture capital firm, has been a critical investor in Linear’s growth, leading the Series B and participating in the Series C rounds. Their support has provided strategic guidance and access to a vast technology network.
01 Advisors joined as a major backer in Linear’s Series C round. With extensive experience in scaling late-stage companies, their investment fueled Linear’s operational expansion and global ambitions.
Sequoia Capital played an integral role in Linear’s early journey, leading both the Seed and Series A funding rounds. Their involvement provided early validation and helped shape Linear’s long-term vision.
Form Capital was a lead investor for Linear’s Series A, supporting the company as it transitioned from early-stage startup to high-growth scale-up. Their investment facilitated rapid team growth and platform advancements.
Index Ventures participated in Linear’s Seed round. Known for backing innovative early-stage companies, their investment helped Linear move from concept to viable product.
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