Yesterday our portfolio company Firebase was acquired by Google. We invested in Firebase in the summer of last year and Albert wrote this post talking about the investment.
Firebase makes a backend that allows developers to store and sync their data in real-time. In a relatively short time, Firebase has been adopted by over 100,000 developers. It solves some complicated problems simply and elegantly.
We believe Google will be a good home for Firebase. They have the resources and desire to continue to build out Firebase and scale it. I saw the two founders last night at our dinner in SF and they told me that Google is giving them budget to go out and scale up the engineering team. They had big smiles on their faces when they told me that.
Though our time as investors and partners in Firebase was short, we enjoyed working with them very much and are happy that they have found a good home for their company and their technology. It sure looks like the perfect match.
