Git a load of this: GitHub now valued at $2 billion

Investors pump yet more millions of dollars into online source-code silo

Github octodex

GitHub has received a $250m infusion of venture-capital cash that values the code-sharing website at $2bn.

That means it's worth more than ZenDesk ($1.78bn), slightly less than the New York Times ($2.17bn), and more than stricken Yelp ($1.87bn).

The San Francisco-based upstart said its Series-B funding round was led by VC bigwigs Sequoia Capital, Andreessen Horowitz, Thrive Capital, and Institutional Venture Partners. The round is the second major fundraising push for GitHub. In 2012, the site raised $100m in venture funding. GitHub was founded in 2008, and today has about 300 total employees.

The site reports it hosts 25 million source code repositories, and has 10 million registered users and 33 million unique monthly visits.

The funding allegedly carries with it a heft valuation. Citing sources familiar, The Wall Street Journal reports that the VC funds were doled out with GitHub valued at more than $2bn. The massive valuation was previously reported by Bloomberg.

GitHub declined to comment on the figure.

In addition to its code-hosting service, GitHub develops and maintains the GitHub Enterprise service, the Atom source code editor, and the GitHub Pages website hosting service.

The journey to $2bn has not been without its bumps. GitHub was hit with a gender bias scandal in 2014 when a female engineer claimed she was driven out of the company by harassment from other employees.

GitHub has also found itself the focus of legal complaints and DDoS attacks over its policies towards hosting and protecting controversial projects. ®

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