Ethiopian-American Startup Stackshare Raises 5.2 Million in Venture Capital

Ethiopian-American Yonas Beshawred who is from Maryland is the founder and CEO of Stackshare, a developer-only community of engineers from some of the world's top startups and companies. Stackshare recently raised $5.2 million in first significant round of venture capital financing. (Photo: Techcrunch.com)

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StackShare, a company that helps developers and engineers discover and compare software tools, recently closed $5.2 million in a Series A led by e.Ventures. Other investors included Cervin Ventures and angels Nick Rockwell, Aston Motes, Dave Johnson, and Bill Smith according to Tech Crunch.

In the beginning, the platform was slow to grow but founder Yonas Beshawred saw an opportunity and specifically focused on data after StackShare ramped up its user base. “When we look at it, it is professionals finding and communicating with each other.”

It’s in essence peer learning for technologists. Instead of creating their code from scratch, they are crowdsourcing it with other developers. “When your boss asks you for a new data pipeline, you don’t open a text editor, you do research,” Beshawred said in a statement.

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Related:
Interview with Yonas Beshawred, Founder & CEO of Stackshare (Tech Crunch)

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