Last Esper valuation
$100M
Series B · May 2021
Last Esper funding round
$60M
Series C · Oct 2021
Cumulative funding Esper raised
$102M
across 4 funding rounds
Key investors in Esper
Root Ventures
Madrona
Haystack
Ubiquity Ventures
Scale Venture Partners
Pathbreaker Ventures
About Esper
Esper is a Boston-headquartered platform for enterprise Android device management and deployment. Launched in 2018, it offers customized OS builds for dedicated devices in retail, logistics, and healthcare, allowing remote app debugging, fleet oversight, and integration with OEMs and chipset makers. Esper enables businesses to optimize Android hardware for purpose-built kiosks, scanners, and industrial tools.
Founded
2017
HQ
Seattle, WAWebsite
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$100M (May 2021)
Esper Valuation
Esper is currently valued at $100M, based on its Series B in May 2021.
The $30M round was led by Scale Venture Partners, with participation from Ubiquity Ventures, Haystack, Root Ventures and Madrona.
Esper valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| May 2021 | Series B | $100M |
Esper Funding History
Esper has raised a total of $102M across 4 funding rounds.
Esper's first fundraising round was a $4M seed round in June 2018. The most recent completed round was a $60M Series C in October 2021.
Esper funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2021 | Series C | Insight Partners (lead); Scale Venture Partners; Root Ventures; Madrona | $60M | - | Esper, operating as Shoonya Enterprises Inc., is a Seattle- and Bengaluru-based DevOps platform for Android and intelligent edge devices, enabling developers and mid-market organizations to deploy, manage, and update device fleets across verticals like fast food, healthcare, connected fitness, retail, and digital signage. Founded in 2018 by CEO Yadhu Gopalan and COO Shiv Sundar, the company provides cloud-based tools for device infrastructure, app management, and monitoring, with deep Android expertise from chip to cloud. It had over 200 paying customers and over 2,000 developers using its platform at the time of the Series C announcement. Esper quadrupled its headcount in 2021, with 83 employees in India focused on engineering the core platform, planning to expand to 200 by 2022, and tripled its Bellevue office footprint. On October 4-5, 2021, Esper raised $60 million in a Series C round led by Insight Partners, with participation from existing investors Scale Venture Partners, Madrona Ventures, and Root Ventures, bringing total funding to $100 million after a $30 million Series B in May 2021 and a $7.6 million Series A in February 2020. The round followed quickly due to exploding market demand for DevOps in the growing connected devices sector. Proceeds were primarily allocated to expand reach to more enterprise customers, enhance engineering and sales functions, and scale operations amid rapid growth. Esper reported qualitative traction with 2021 revenue growing 4x over the prior year, positioning it as one of the fastest-growing enterprise software startups. It was named one of the top 10 hottest startups in 2021 by CRN. No specific post-money valuation, revenue/ARR numbers, EBITDA, or valuation multiples were disclosed in announcements or coverage. The platform's unique Android DevOps capabilities were highlighted as transformative for agility, efficiency, and cost control, especially in markets like India undergoing digital transformation. |
| May 2021 | Series B | Scale Venture Partners (lead); Ubiquity Ventures; Haystack; Root Ventures; Madrona | $30M | $100M | Esper Enterprises, a US-based company founded in 2018 by Shiv Sundar and Yadhu Gopalan, provides a platform that enables enterprises to develop, manage, and monitor Android-enabled devices in real time. The platform supports device infrastructure for developers and mid-market organizations to deliver software as a service, with partnerships including MediaTek, Lenovo, and Zebra for hardware development. Esper targets growing demand in sectors like connected fitness, digital health, hospitality, and food delivery amid the rise of intelligent edge devices, with internet-connected devices projected to increase from 14 billion in 2021 to 31 billion in 2025. On May 21, 2021, Esper raised $30 million in a Series B funding round led by Scale Venture Partners, with participation from existing investors Madrona Venture Group, Root Ventures, Ubiquity Ventures, and Haystack. This brought total funding to $40.6 million following a $7.6 million Series A in February 2020. The post-money valuation reached $100 million. Proceeds were allocated to expand the team in India and the US, enhance the product portfolio, and scale the infrastructure platform for larger workloads. Just four months later in October 2021, Esper secured a $60 million Series C led by Insight Partners, with Scale Venture Partners, Madrona Ventures, and Root Ventures participating, pushing total funding to nearly $100 million. The Series C focused on enterprise customer expansion, hardware and software partnerships like Siyata for first responders, and growing the DevOps platform for edge devices such as POS terminals, kiosks, and patient monitors. Esper, operating from Seattle with significant engineering in India, quadrupled headcount and tripled office space in Bellevue during 2021, serving over 200 paying customers and 2,000 developers. |
| Feb 2020 | Series A | Madrona (lead); Ubiquity Ventures; Haystack; Root Ventures; Pathbreaker Ventures | $8M | - | Esper, founded in 2018 by Yadhu Gopalan and Shiv Sundar, provides a DevOps platform for managing fleets of Android-enabled devices used in retail, logistics, transportation, and other industries. The platform enables enterprises to develop, deploy, monitor, and maintain dedicated Android edge devices, going beyond traditional mobile device management (MDM) tools. Esper has partnerships with MediaTek, Lenovo, and Zebra for hardware development and serves customers including Hyatt hotels, CVS pharmacies, and a grocery delivery company. On February 13, 2020, Esper raised $7.6 million in a Series A funding round led by Madrona Venture Group, with participation from existing seed investors Haystack Ventures, Madrona, Pathbreaker Ventures, Root Ventures, and Ubiquity Ventures. This brought total funding to $10.5 million. Madrona Managing Director Tim Porter joined the board, and Terry Myerson became a board observer. Esper planned to use the funds for product development, expanding its customer base in the US and India, and growing its marketing, sales, and engineering teams, particularly in Bengaluru. The company had about 30 employees across offices in Bellevue, Washington, the Bay Area, and India, with early adoption in India for POS, logistics, and retail use cases. |
| Jun 2018 | Seed | Root Ventures (lead); Andrew Lee; Ubiquity Ventures; Haystack; Pathbreaker Ventures | $4M | - | - |
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Who has invested in Esper?
8 investors have backed Esper across its funding rounds, including Root Ventures, Madrona, Haystack, Ubiquity Ventures, Scale Venture Partners and Pathbreaker Ventures.
Lead investors include Insight Partners, Scale Venture Partners, Madrona and Root Ventures.
Esper Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| United States | 4 | Lead | Jun 2018 | |
| San Francisco, CA | 3 | Participant | Jun 2018 | |
| San Francisco, CA | 3 | Participant | Jun 2018 | |
| Seattle, WA | 3 | Lead | Feb 2020 | |
| San Francisco, CA | 2 | Lead | May 2021 | |
| San Francisco, CA | 2 | Participant | Jun 2018 | |
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Start Free TrialEsper Competitors
Esper competitors include listed companies like Xp Industrial FII and GetBusy, and private ones like KOR Protocol, Luminance, Replicated and Influitive.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
 Dubai | Private | - | - | $100M | - | |
 Cambridge | Private | $30M | - | $100M | 3.3x | |
| Los Angeles, CA | Private | - | - | $100M | - | |
 Toronto | Private | $20M | - | $102M | 5.1x | |
 Brazil | Publicly listed | $9M | - | $86M | - | |
| United Kingdom | Publicly listed | $30M | $2M | $61M | 2.0x |
Esper Public Comps
Esper is still privately-owned, but its public comps include Xp Industrial FII, GetBusy, Valtes Holdings, Dye & Durham, Intellinetics, Hibino, Ricksoft Co, Nyle, Sharing Innovations and CS Disco.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $9M | - | 10.0x | - | - | - | |||
| $30M | $2M | 2.1x | 2.0x | 35.2x | 32.5x | |||
| $77M | $6M | 0.6x | 0.6x | 7.4x | - | |||
| $316M | $116M | 3.0x | 3.3x | 8.2x | 7.1x | |||
| $17M | ($470K) | 1.4x | 1.4x | (50.9x) | - | |||
| $435M | $60M | 0.6x | 0.6x | 4.3x | - | |||
| $70M | $3M | - | - | - | - | |||
| $43M | ($570K) | 0.5x | 0.5x | (37.4x) | - | |||
This data is available for Pro users. Sign up to see all Esper competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Esper
| When was Esper founded? | Esper was founded in 2017. |
| Where is Esper headquartered? | Esper is headquartered in Seattle, WA, United States. |
| Is Esper publicly listed? | No, Esper is a private, VC-backed company. |
| What is Esper's valuation? | Esper was last valued at $100M in its Series B in May 2021. |
| How much funding has Esper raised? | Esper has raised $102M across 4 funding rounds. |
| What was Esper's last funding round? | Esper's last funding round was a $60M Series C in October 2021, led by Insight Partners. |
| Who are Esper's investors? | Esper's investors include Root Ventures, Ubiquity Ventures, Haystack, Madrona, Scale Venture Partners, Pathbreaker Ventures, Andrew Lee and Insight Partners. |
| Which companies are comparable to Esper? | Companies comparable to Esper include KOR Protocol, Luminance, Replicated, Influitive, Xp Industrial FII and GetBusy. |
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