Formstack Raises $670M in Growth
Formstack has successfully raised $670M in a Growth at a $2B valuation led by Insight Partners.
Company Overview
Formstack is a Enterprise Software company headquartered in Fishers, IN, founded in 2006 with 300+ employees.
Workplace productivity platform
Fundraising Details
- Amount Raised: $670M
- Round Type: Growth
- Valuation: $2B
- Date: 2024-05-01
- Investors: Insight Partners
About Formstack
Workplace productivity platform The company is positioned in the Enterprise Software sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: Fishers, IN
- Founded: 2006
- Team Size: 300+
- Industry: Enterprise Software
What This Means
This funding round demonstrates strong investor confidence in Formstack'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 Enterprise Software sector continues to attract significant investment as companies innovate to meet evolving market demands. Formstack's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $2B valuation marks an important milestone for Formstack, positioning the company among notable players in the Enterprise Software industry.
Looking Ahead
With this new capital, Formstack is well-positioned to execute on its growth strategy and continue building innovative solutions in the Enterprise Software space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
---
This fundraising news was reported on 2024-05-01. For more information about Formstack, visit their headquarters at Fishers, IN.
