Freshworks Raises $150M in Series H
Freshworks has successfully raised $150M in a Series H at a $3.5B valuation led by Sequoia India, Accel, Tiger Global.
Company Overview
Freshworks is a SaaS company headquartered in San Mateo, CA, founded in 2010 with 5000+ employees.
Customer engagement software
Fundraising Details
- Amount Raised: $150M
- Round Type: Series H
- Valuation: $3.5B
- Date: 2020-11-09
- Investors: Sequoia India, Accel, Tiger Global
About Freshworks
Customer engagement software The company is positioned in the SaaS sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Mateo, CA
- Founded: 2010
- Team Size: 5000+
- Industry: SaaS
What This Means
This funding round demonstrates strong investor confidence in Freshworks'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. Freshworks's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $3.5B valuation marks an important milestone for Freshworks, positioning the company among notable players in the SaaS industry.
Looking Ahead
With this new capital, Freshworks 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 2020-11-09. For more information about Freshworks, visit their headquarters at San Mateo, CA.
