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Necessary cookies are absolutely essential for the website to function properly. Originally founded Australia, Nitro completed its initial public offering on the Australian Securities Exchange (ASX) in December of 2019.

Alongside the launch of Nitro’s cloud offering, Battery helped Nitro move from a term-license to a subscription business model and orient its business around best-in-class metrics for recurring-revenue businesses.Further, Nitro’s newly launched cloud product created an opportunity to build a prominent cloud-based business serving the next generation of corporate workflows. Battery recognized an opportunity for Nitro to move up-market and compete with Adobe for enterprise market share in the document-collaboration market. In 2014, Battery Ventures led Nitro’s $15 million series B financing.Īt the time, Nitro’s customer base was largely small- to medium-sized businesses, but the company’s enterprise segment represented its fastest-growing customer cohort. Nitro is a global, document-productivity software company, serving both individuals and enterprises with PDF workflow solutions as well eSignature and business intelligence (BI) tools.
