GitLab, co-founded by a Ukrainian, raised $20 million from Goldman Sachs. The bank’s engineers asked to invest in the startup

Gitlab with the co-founder from Kharkiv Dmitriy Zaporozhets raised $20 million in the Series D round. According to Business Insider, Goldman Sachs Bank is the investor this time. The editor of AIN.UA received the confirmation of the deal from Dmitriy Zaporozhets. He has not reported how changed the rating of the startup.

Photo: Lviv IT Arena

Sid Sijbrandij, the co-founder and CEO noted that this is a special deal. He said that the engineers of Goldman Sachs asked about this investment, they love the service and see it as the future.  The startup will spend the raised funds to keep the leading positions in its categories. To do this, the startup plans to double its staff in 2019.

The principal amount of the round was raised by GitLab in September of this year. That time Iconiq Capital fund, GV and Khosla Ventures invested $100 million in the startup.

Earlier AIN.UA published an interview with Dmitriy Zaporozhets, and also told how GitLab achieved the value of $1 billion.