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GitHub finally raises funding: $100M from Andreessen Horowitz

Gigaom - GitHub is ready to take a huge step forward. After successfully bootstrapping its operation since 2008, the open-source code hosting site is set to announce Monday that it has accepted $100 million in funding from Andreessen Horowitz in order to improve and expand a platform that has become an industry standard for managing and finding code on the web.

The investment is the single largest by legendary venture capital firm Andreessen Horowitz to date, and is the first source of external funding that GitHub has accepted since it launched in 2008. Peter Levine, a general partner at Andreessen Horowitz, will join GitHub’s board.