Freshworks
Freshworks Raises $150M in Series I
Quick Facts
Freshworks Raises $150M in Series I
Freshworks has successfully raised $150M in a Series I at a $13B valuation led by Sequoia Capital, Accel.
Company Overview
Freshworks is a Enterprise Software company headquartered in San Mateo, CA, founded in 2010 with 5000+ employees.
Business software suite
Fundraising Details
- Amount Raised: $150M
- Round Type: Series I
- Valuation: $13B
- Date: 2024-09-01
- Investors: Sequoia Capital, Accel
About Freshworks
Business software suite The company is positioned in the Enterprise Software sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Mateo, CA
- Founded: 2010
- Team Size: 5000+
- Industry: Enterprise Software
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 Enterprise Software 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 $13B valuation marks an important milestone for Freshworks, positioning the company among notable players in the Enterprise Software industry.
Looking Ahead
With this new capital, Freshworks 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 2024-09-01. For more information about Freshworks, visit their headquarters at San Mateo, CA.
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