Zapier buys no-code-focused Makerpad in its first acquisition
TechCrunch has covered Zapier often during its life, including its first, and only fundraising event, a $1.2 million round back in 2012 that tapped Bessemer, DFJ, and others. Since then company has added more expensive tiers to its service, built out team-focused features, and recently talked to Extra Crunch about how it scaled its remote-only team.
In an interview Monday with Zapier CEO Wade Foster told TechCrunch that his company now has 400 workers, and crossed the $100 million ARR mark last summer.
The Makerpad deal is its first acquisition. TechCrunch asked Makerpad founder Ben Tossell about the structure of the deal, who said via email that his company will operate as a “stand-alone” entity from its new parent company.
The deal doesn’t seem prepped to upend what the smaller startup was working on before it was signed. “Ultimately,” Tossell wrote, “Makerpad’s vision is to educate as many people as possible on the possibilities of building without writing code.”
Foster seems content with that focus, describing to TechCrunch how he intends to let Makerpad operate largely independently, albeit inside a set of editorial guidelines.
TechCrunch asked the Makerpad founder why this was the right time to sell his business. He said that the pairing would help his team take the no-code world further than it could alone, also noting that the deal was a (Read more...)