Overview

Gadget provides a development platform designed to help software developers and teams eliminate repetitive tasks and boilerplate code, making the software creation process more efficient. The platform offers a variety of tools and features that streamline coding, allowing developers to focus on building high-quality software. Gadget operates on a subscription-based model, where users pay for access to its suite of development tools, which enhances productivity and accelerates the development process. Unlike many competitors, Gadget specifically targets the busywork that developers face, aiming to improve both the speed and quality of software production. The company's goal is to empower developers by providing them with the resources they need to tackle technical challenges effectively.

Simplify's Take

What believers are saying

• Gadget raised $8.5M, backed by Sequoia and Bessemer.
• Gadget's new Shopify APIs align with API-first development trends.
• Gadget's platform supports remote work with cloud-based tools.

What critics are saying

• BigCommerce's new tools may attract developers away from Gadget.
• Reliance on Shopify APIs poses risks if policies change.
• Investor pressure to scale rapidly may strain Gadget's resources.

What makes Gadget unique

• Gadget eliminates boilerplate, focusing developers on business logic.
• Gadget offers a subscription model enhancing developer productivity.
• Gadget's platform improves software quality by streamlining coding processes.

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Funding

Total Funding

$9.3M

Above

Industry Average

Funded Over

1 Rounds

Notable Investors:

Bessemer Venture Partners

Notable Investors:

Bessemer Venture Partners

$8,500,000

Seed

Dec 2021

Seed funding is usually the first official round after pre-seed, when a startup has a prototype or concept. It’s typically used to develop the product, test the market, and start building the team. Investors here are often angel investors or early-stage venture capitalists.

Seed Funding Comparison

Above Average

Industry standards

Ind Avg. $3.3M

$500k

$1.5M

$2M

$2.3M

$3M

$8.5M