GitHub valued at $2bn after $250m funding

Online collaboration platform planning international expansion and new products
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GitHub has been valued at $2bn after a round of series B funding that raised $250m for the firm.

The round was led be previous investors Andreessen Horowitz, as well as Institutional Venture Partners and Thrive Captial, GamesIndustry reports.

The company’s co-founder Chris Wanstrath has said the funding will be used for international expansion and the creation of new products that enhance the online collaboration platform.

“We want to make really big investments,” he said. “There are millions of developers in the world today, and more people are learning to be software developers every day. Our platform empowers great software.”

Founded in 2008, GitHub is now one of the most widely-used development resources with 10m registered users.