Conga Raises $150M in Series E
Conga has successfully raised $150M in a Series E at a $1.25B valuation led by Thoma Bravo, Madison Dearborn Partners, K1 Investment Management.
Company Overview
Conga is a SaaS company headquartered in 11955 Democracy Drive, Reston, VA 20190, founded in 2006 with 1000+ employees.
Revenue lifecycle management
Fundraising Details
- Amount Raised: $150M
- Round Type: Series E
- Valuation: $1.25B
- Date: 2024-11-16
- Investors: Thoma Bravo, Madison Dearborn Partners, K1 Investment Management
About Conga
Revenue lifecycle management The company is positioned in the SaaS sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 11955 Democracy Drive, Reston, VA 20190
- Founded: 2006
- Team Size: 1000+
- Industry: SaaS
What This Means
This funding round demonstrates strong investor confidence in Conga's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The SaaS sector continues to attract significant investment as companies innovate to meet evolving market demands. Conga's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1.25B valuation marks an important milestone for Conga, positioning the company among notable players in the SaaS industry.
Looking Ahead
With this new capital, Conga is well-positioned to execute on its growth strategy and continue building innovative solutions in the SaaS space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-11-16. For more information about Conga, visit their headquarters at 11955 Democracy Drive, Reston, VA 20190.
