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03 / Developer tools & hiring

Findy

Counting work is easy. Understanding what helped the team is harder.

Findy logo
From public sources

Two sides of the developer market

Findy operates engineering recruitment and freelance matching services alongside Findy Team+, its software development analytics product. The broader product family also includes developer tools reviews and conferences.

From public sources

Inside Team+

Team+ connects tools such as GitHub, GitLab and Jira. It brings development activity into a shared view so teams can examine delivery, project investment and where work gets stuck. Findy also describes using these insights to assess how AI tools change development work.

My analysis

How I would read the numbers

A developer can write less code and make the system much better. Another can produce plenty of code that someone else has to fix. I would be careful about treating activity as value.

The useful question is where the team is waiting. Review queues, handovers and repeated rework tell a more practical story. becomes useful when the team can act on it, with context about task difficulty and quality.

For an AI rollout, I would compare similar work before and after adoption. Did delivery improve without more defects? A percentage improvement needs a clear starting point and a consistent definition. It should help a team learn, rather than turn into a leaderboard of individual engineers.

My analysis

The business model and moat

Recruitment and team software solve different problems. Hiring demand can come in waves. A tool used to run an existing team can remain useful between hiring cycles. I like that combination, provided each product earns its own place.

The possible moat is a trusted developer community combined with useful workflows for employers. Neither side appears overnight. For Team+, the harder-to-copy part would be the quality of its interpretation and the habits teams build around it. A chart of commits is easy to recreate. Good judgment about those commits is more valuable.

My analysis

My take

I would want Findy to help managers ask better questions. The product becomes stronger when a team can point to a bottleneck it removed. That is a clear reason to keep using it, even as the tools used to write code change.

Public record

Public financing

On 26 May 2025, Findy announced a ¥2.05 billion Series D led by JP Investment, with participation from domestic and international investors.

  • JP Investment
  • LB Investment
  • Carbide Ventures
Keep the conversation going

There’s more to talk about.

Contact me to discuss Findy and explore these ideas in more depth.

Talk to Matthias

From thinking to building / Rentably.ai

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