GitHub, the cloud-based collaborative source code management site, has raised a whopping $100 million first round.
Almost all of the money is coming from Andreessen Horowitz. It’s the largest single investment the young VC operation has ever made and values the San Francisco start-up at $750 million according to the Wall Street Journal. Ron Conway’s SV Angel firm is taking the crumbs Andreessen Horowitz left on the table.
GitHub wants to be the standard in coding and is taking the dough to expand and build out an enterprise sales team.