The companies did not disclose the size of the investment in Button but confirmed that Tiny Capital now holds a 60 percent stake in the company.
The deal closed in May, with Button noting to BetaKit it was adjusting to a new reality under the COVID-19 pandemic as reasons for delaying the announcement.
Under the terms of the deal, Tiny’s managing partner Chris Sparling, chairman Andrew Wilkinson, and chief financial officer Carla Matheson have joined Button’s board of directors. Button’s team will stay in place and Button will continue to run as an independent business.
“From day one, we really aligned with Tiny on growth, creating impact, and building the business for the long term,” said Alec Wenzowski, co-founder of Button told BetaKit. “They are community-oriented, put a special focus on growing developer communities, and will leave us to operate independently with our unique culture. The investment gives Button the stability and capital of a much larger company.”
Founded by Hamza Javed and Wenzowski, Button is a Victoria-based software startup that partners with governments on open-source projects. The company is made up of developers, designers, scientists, and technologists.