Nitro builds document productivity and workflow software designed to help enterprises convert, share, sign and analyze documents across devices. The company is best known as a leading replacement for Adobe Acrobat and emphasizes improving digital workflows and document collaboration. Nitro reports strong enterprise momentum—adding over 300 new enterprise customers in 2016—and is used by more than 600,000 businesses, including half the Fortune 500. Enterprise sales grew at an average of nearly 40% in 2015 and 2016, and APAC sales increased 55% year‑on‑year in 2016 with 35 new enterprise customers in the region. Management says the new funding will support aggressive growth plans and further fuel R&D to advance its product roadmap and global expansion. San Francisco-based Nitro builds cloud document editing and PDF software, originally known for Nitro Pro as the first major competitor to Adobe Acrobat. The company introduced Nitro Cloud to enable browser-based creation, conversion, editing, signing, real-time collaboration and tracking across devices. Nitro positions the product as a business-workflow solution—competing with EchoSign and DocuSign—while integrating with services such as Google Drive. The offering targets secure document sharing, approvals, signatures and content-protection use cases rather than general authoring like Google Docs. Nitro reports almost half a million companies use its products globally, including 50% of the Fortune 500. The company says it is already profitable and plans to use funding to expand Google integrations and marketing as part of an "ecosystem roadmap." Nitro builds document and workflow productivity products — including Nitro Pro (desktop) and Nitro Cloud (cloud) — that let users create, edit, share, sign and collaborate on documents. The company offers both cloud and desktop solutions and released Nitro Pro 9, which integrates with Nitro Cloud. Nitro reports 8 million monthly users across 200 countries and more than 400,000 business customers, including over 50% of the Fortune 500 (such as Nestle) and the European Parliament; Nitro Cloud converts over 3 million documents online per month. Founded in 2005 and Australian‑founded, Nitro is headquartered in downtown San Francisco with offices in Melbourne and Nitra, Slovakia. The company plans international expansion — opening offices in Asia early next year and a European headquarters this month — and will ramp up sales, marketing and customer service in San Francisco. Nitro currently has 120 employees worldwide and plans to hire at least 20 before year‑end and roughly 50 more next year. Nitro builds software solutions that enable users to create, edit, sign and share digital documents, with flagship products Nitro Pro and Nitro Reader. The company is led by Founder & CEO Sam Chandler. Australian-founded, Nitro operates with a San Francisco headquarters where it plans to establish a dedicated cloud engineering team. Nitro has exceeded 3 million unique active monthly users and counts over 250,000 paying customers across consumers, small- to medium-sized businesses, and Fortune 500 enterprises. The company raised $3.5M in funding to support product innovation and recruitment. Nitro intends to double headcount in 2012, anticipating roughly 50 new hires focused on product and cloud engineering.

Total raised

$37M

Funding rounds

4

Latest round

Series C

Latest activity

Apr 2017