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Speakeasy — Seed
Funded Fund: StoryHouse Fund I  ·  SH Check: $400K  ·  Valuation: $40M  ·  Closed: 2023-05-25
Dossier generated 2026-06-03 by /deal-dossier  ·  Deal record: recnqek0wbkoXCsTd  ·  Source: Airtable appjxAR3LPe3fkHOp

One-Liner & Thesis

Developer software that automates the launching and maintenance of enterprise-scale APIs and SDKs in 9+ languages. Speakeasy is a developer-first API Ops platform that enables developers to offer API DevEx to API consumers.

FPV led $15M Series A at $60M post SH committed $400K, via StoryHouse Fund I, at a $40M valuation, in a $8M round, alongside Quiet Venture, Flex Capital, Firestreak Ventures, Google Ventures, FPV Ventures.

Deal Box

Round Size
$8M
Valuation / Cap
$40M
Co-Investors
Quiet Venture, Flex Capital, Firestreak Ventures, Google Ventures, FPV Ventures
SH Check
$400K
Fund
StoryHouse Fund I
Funding Round
Seed
SH Investment Date
2023-05-25

Company Snapshot

Sector
API, Information Technology
Location
Bay Area, California
Year Founded
2022-05-01
Total Raised
$25.9M
Website
speakeasy.com
Status
Private

Founders

Simon Yu
Co-Founder
Philosophy & Economics ('06). Entrepreneur and operator building Speakeasy, a developer-first API operations platform focused on elevating API developer experience and productivity across modern software teams.
Sagar Batchu
Physics ('15). Developer-focused founder building Speakeasy, a modern API operations platform that enables teams to offer best-in-class API developer experience and productivity.

Latest Meeting Notes

2023-12-02 — Call

RAW NOTES: - June 2023 - Speakeasy is using AI to automate API creation and distribution (TechCrunch)

Source: Meeting Notes recfTQUpyXmoErVpA

2023-10-27 — Call

RAW NOTES: \- April 2023 \- 10 companies inbound a week; quality \- Starting to talk to larger ACV, $50K-$75K \- Largest contract closed so far is $30K \- Total closed contracts is $114K, then $80K signed, another $300K of contracts that are in the mix; AI is also emergent cool \- Partnerships \-...

Source: Meeting Notes recyNK4SimlynTJJT

2023-05-02 — Call

RAW NOTES: What are the terms of the round and how are insiders participating? \- Crystal Huang at GV is leading a priced round with a $5M check at a $40M post-money valuation; terms allow them to raise up to $8M in capital. No board seat. \- Quiet / Astasia will probably do $1.5M (a bit over super...

Source: Meeting Notes recVQQhoMsEJCWvy3