Stigg, a Tel Aviv, Israel-based provider of a monetization platform for engineers, raised $17.5M in Series A funding.
The round, which brought the total amount to $24M, was led by Red Dot Capital Partners, with participation from Unusual Ventures, Emerge Ventures, Redseed, and Cerca Partners.
The company intends to use the funds to accelerate its global expansion and build out its go-to-market organization in New York.
Led by CEO Dor Sasson, Stigg leverages an entitlement management API that handles feature configuration, metering and access control. Through a set of SDKs and sidecars, engineering teams can model any feature or functionality within their product that can potentially be monetized. Companies can then flexibly define and organize their offerings across products, plans, packages, and add-ons with no code changes required.
The company’s customer base now includes industry leaders like Miro, Webflow, AI21 Labs, and PagerDuty.
FinSMEs
12/12/2024