Microsoft’s M12 invests in RapidAPI, the world’s largest API marketplace

RapidAPI is one of the world’s largest API marketplace where developers find and connect to thousands of publicly available APIs. RapidAPI today announced that it has raised $25 million in Series B fund led by M12, Microsoft’s Venture Fund.

Following its success with public APIs, RapidAPI is now turning to the enterprise market helping organizations to manage their internals APIs. RapidAPI for Teams is a self-serve platform for developers to publish, share and collaborate on internal APIs and microservices, as well discover, test, enable, and manage the consumption of both internal and external APIs, all in one place.

“Responding to the torrid growth of the API economy, RapidAPI is changing the way businesses scale with APIs and microservices,” said Mony Hassid, General Manager and Managing Director at M12. “We are excited about the potential for RapidAPI to enhance developers’ productivity, streamline duplicative work, and assist to combine API contracts.” Hassid recently joined RapidAPI’s board of directors.