Linear Raises $35M in Series B
Linear has successfully raised $35M in a Series B at a $400M valuation led by Sequoia Capital, Accel, Index Ventures.
Company Overview
Linear is a Productivity company headquartered in 548 Market Street, San Francisco, CA 94104, founded in 2019 with 80+ employees.
Issue tracking tool for software teams
Fundraising Details
- Amount Raised: $35M
- Round Type: Series B
- Valuation: $400M
- Date: 2024-03-29
- Investors: Sequoia Capital, Accel, Index Ventures
About Linear
Issue tracking tool for software teams The company is positioned in the Productivity sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 548 Market Street, San Francisco, CA 94104
- Founded: 2019
- Team Size: 80+
- Industry: Productivity
What This Means
This funding round demonstrates strong investor confidence in Linear'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 Productivity sector continues to attract significant investment as companies innovate to meet evolving market demands. Linear's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $400M valuation marks an important milestone for Linear, positioning the company among notable players in the Productivity industry.
Looking Ahead
With this new capital, Linear is well-positioned to execute on its growth strategy and continue building innovative solutions in the Productivity 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 2024-03-29. For more information about Linear, visit their headquarters at 548 Market Street, San Francisco, CA 94104.
