Total amount raised
$2 Billion
Latest funding date
12/1/2019
Location
WalkMe has successfully navigated 10 funding rounds, with its latest being a Series G round. The company is backed by nine investors, including Vitruvian Partners and Insight Partners.
Keep reading to explore the intricacies of WalkMe's fundraising journey and the investors backing this innovative platform.
What Is WalkMe?
WalkMe is an AI-powered digital adoption platform that helps organizations navigate through workflows to eliminate friction and maximize software ROI. The company operates in various industries, including analytics, e-learning, and software.
Founded in San Francisco, California, WalkMe has grown to employ between 1001-5000 people. The platform is designed to overlay on any application, providing personalized guidance and automation to improve productivity and user experiences.
How Much Funding Has WalkMe Raised?
- Series A
- Amount Raised: USD 1,000,000
- Date: April 2012
- Lead Investors: Mangrove Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of the digital adoption platform and enter the market.
- Series B
- Amount Raised: USD 5,500,000
- Date: October 2012
- Lead Investors: Gemini Israel Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series C
- Amount Raised: USD 11,000,000
- Date: April 2014
- Lead Investors: Scale Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series D
- Amount Raised: USD 25,000,000
- Date: June 2015
- Lead Investors: Greenspring Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and invest in marketing efforts.
- Series E
- Amount Raised: USD 50,000,000
- Date: May 2016
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support international expansion and product innovation.
- Series E
- Amount Raised: USD 75,000,000
- Date: July 2017
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale the business and enhance customer support.
- Series F
- Amount Raised: USD 40,000,000
- Date: September 2018
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To achieve unicorn status and support growth initiatives.
- Series F
- Amount Raised: USD 10,000,000
- Date: November 2018
- Lead Investors: EDBI
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue product development and market expansion.
- Series G
- Amount Raised: USD 90,000,000
- Date: December 2019
- Lead Investors: Vitruvian Partners
- Valuation at Round: Approximately USD 2 billion
- Motivation Behind the Round: To scale operations and expand into new markets, including Latin America.
Total Amount Raised: USD 307,500,000. Current Valuation: Approximately USD 2 billion.
Key Investors
- Vitruvian Partners
- Details: Vitruvian Partners is a European private equity firm specializing in middle-market buyouts and growth capital investments. They led the $90 million Series G funding round for WalkMe.
- Investment Focus Areas: Technology, financial services, healthcare, business services
- Notable Investments: Just Eat, Skyscanner, Farfetch
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in growth-stage technology, software, and Internet businesses. They have been a consistent backer of WalkMe, participating in multiple funding rounds.
- Investment Focus Areas: Growth-stage technology, software, Internet businesses
- Notable Investments: Twitter, Shopify, DocuSign
- Greenspring Associates
- Details: Greenspring Associates is a venture capital firm that focuses on providing capital to early and growth-stage companies. They led the $25 million Series D funding round for WalkMe.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Not publicly disclosed
- Scale Venture Partners
- Details: Scale Venture Partners is a venture capital firm that invests in early-in-revenue technology companies. They led the $11 million Series C funding round for WalkMe.
- Investment Focus Areas: SaaS, cloud computing, digital media
- Notable Investments: Box, DocuSign, HubSpot
- Gemini Israel Ventures
- Details: Gemini Israel Ventures is a venture capital firm that invests in early-stage technology companies. They led the $5.5 million Series B funding round for WalkMe.
- Investment Focus Areas: Enterprise software, cybersecurity, digital health
- Notable Investments: Waze, Outbrain, Moovit
What's Next for WalkMe?
WalkMe's future looks promising as it eyes expansion into the Latin American market, leveraging its AI-driven digital adoption platform to tap into new customer bases. With over 2,000 customers, including more than 30% of Fortune 500 companies, the potential for growth is substantial.
Future fundraising opportunities are likely, given the company's impressive growth trajectory and recent $90 million funding round. These funds will help scale operations and enhance the platform's capabilities, positioning WalkMe for further global expansion and potential acquisitions.
However, challenges such as competition from other digital adoption platforms and the need to adapt to diverse market needs could pose hurdles. Successfully navigating these challenges will be crucial for maintaining their rapid growth and achieving long-term success.
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