Gong Raises $250M in Series E
Gong has successfully raised $250M in a Series E at a $7.25B valuation led by Franklin Templeton.
Company Overview
Gong is a Enterprise Software company headquartered in San Francisco, CA, founded in 2015 with 1200+ employees.
Revenue intelligence platform
Fundraising Details
- Amount Raised: $250M
- Round Type: Series E
- Valuation: $7.25B
- Date: 2024-02-01
- Investors: Franklin Templeton
About Gong
Revenue intelligence platform The company is positioned in the Enterprise Software sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2015
- Team Size: 1200+
- Industry: Enterprise Software
What This Means
This funding round demonstrates strong investor confidence in Gong'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. Gong's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $7.25B valuation marks an important milestone for Gong, positioning the company among notable players in the Enterprise Software industry.
Looking Ahead
With this new capital, Gong 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 2024-02-01. For more information about Gong, visit their headquarters at San Francisco, CA.
