Startup profile for RapidAPI: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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RapidAPI funding, valuation and investors

API marketplace and enterprise API management platform for developers.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Series D

$150M · 2022

Latest known valuation

$1B

Series D · 2022

Total disclosed equity funding

$154M

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

acquired

acquired · Tel Aviv, Israel

Investors in latest funding

Other: Andreessen Horowitz , Bessemer Venture Partners

Sources: latest funding Last verified: 2026-07-25

Overview

RapidAPI (now part of Nokia after acquisition) was the world's largest API marketplace, connecting developers to thousands of APIs through a unified hub. Founded by Iddo Gino, the Tel Aviv-based company raised a $3.5M seed led by Andreessen Horowitz in 2016 and grew to 3M+ developers. RapidAPI raised $150M in a Series D at a $1B valuation led by SoftBank in 2022, with a16z and Bessemer participating. The platform offered API discovery, testing, monetization, and enterprise API management. Nokia acquired RapidAPI in 2024 to bolster its network API and developer platform strategy. a16z's early seed bet captured significant value through the unicorn D round.

Why RapidAPI is interesting

3M+ developers on the platform; a16z seed investor through $272M raised before SoftBank-led unicorn D round at $1B valuation.

Product & use cases

RapidAPI was an API marketplace where developers discover, test, and integrate third-party APIs. Enterprise tier added API management, analytics, and monetization for API providers.

  • Discovering and integrating third-party APIs via unified marketplace
  • Enterprise API management and developer portal hosting
  • Monetizing APIs through RapidAPI's billing infrastructure

Key facts

  • 3M+ developers on platform at peak
  • Seed (2016): $3.5M led by a16z
  • Series D (2022): $150M at $1B valuation led by SoftBank
  • Acquired by Nokia in 2024

Funding history (newest first)

Series D

2022 $150M Valuation: $1B

Source: https://techcrunch.com/2022/03/23/rapidapi-raises-150m-at-a-1b-valuation/

Seed

2016 $3.5M

Source: https://en.wikipedia.org/wiki/RapidAPI

Investors in our directory

Funds linked from RapidAPI's profile — open a fund page for stage focus and related deal articles.

Andreessen Horowitz Bessemer Venture Partners

Competitive landscape

Edge: Network effects from 3M+ developers and thousands of listed APIs created the default discovery layer for API integration. First-mover in API marketplace category.

RapidAPI created the API marketplace category but faced competition from API management incumbents (Kong, Apigee) moving downmarket and developer tools (Postman) adding discovery. Nokia's acquisition reflects enterprise value in API infrastructure rather than standalone marketplace economics. a16z's seed-to-unicorn trajectory validates early API economy thesis.

  • Postman adjacent

    API development and testing platform; less focused on marketplace discovery.

  • Kong adjacent

    Enterprise API gateway and management; different go-to-market than developer marketplace.

  • Apigee (Google) incumbent

    Enterprise API management platform; less developer-community driven.

Notable stories

  • Iddo Gino founded RapidAPI as a teenager, building the largest API marketplace before Nokia acquired it for network API strategy (TechCrunch).
  • a16z's 2016 seed investment returned significant value through the 2022 unicorn Series D at $1B valuation.

Industries

Developer Tools Enterprise SaaS Marketplaces

Related funding articles

Venture Capital Tracker pieces that cover RapidAPI's financing or category context.

FAQs about RapidAPI

Practical answers founders, operators, and investors typically search for.

RapidAPI was the world's largest API marketplace, connecting 3M+ developers to thousands of APIs. Nokia acquired it in 2024.
a16z led the $3.5M seed in 2016. Bessemer participated in later rounds. See /fund/andreessen-horowitz.
Yes. Nokia acquired RapidAPI in 2024 to expand its network API and developer platform capabilities.
Over $272M total, including a $150M Series D at $1B valuation in 2022 led by SoftBank.
RapidAPI focused on API marketplace discovery and integration. Postman focuses on API development, testing, and collaboration.
Iddo Gino founded RapidAPI in Tel Aviv.
No. Nokia acquired RapidAPI in 2024.
RapidAPI reached $1B valuation in its March 2022 Series D led by SoftBank.
RapidAPI continues operating under Nokia, integrated into its network API and developer platform strategy.
RapidAPI reported 3M+ developers on the platform before its Nokia acquisition.
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Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.