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.

This fundraising news was reported on 2024-11-16. For more information about Conga, visit their headquarters at 11955 Democracy Drive, Reston, VA 20190.