FusionAuth Secures $65 Million Growth Equity Investment

DENVER, Nov. 01, 2023 (GLOBE NEWSWIRE) — FusionAuth, the customer identity platform built for developers, today announced the completion of a $65 million growth equity investment from Updata Partners, a leading growth equity firm. With its first fundraise and after widespread developer adoption, FusionAuth will scale go-to-market and product development to meet increasing demand for a modern approach to customer identity. Updata’s Dan Moss, Principal, and Jon Seeber, General Partner, will join the board as part of the round.

Founded in 2018, FusionAuth is profitable and bootstrapped itself prior to this investment. The platform is deployed across six continents with more than 450 customers, including major brands, such as Frontdoor, Oppenheimer & Co. Inc., and Stihl. This…