Total amount raised
$2 Billions
Latest funding date
12/1/2019
Location
WalkMe has successfully raised significant funding over multiple rounds, culminating in its acquisition by SAP for $1.5 billion. The company's digital adoption platform is designed to help organizations maximize their digital transformation efforts.
Keep reading to explore the intricacies of WalkMe's fundraising journey and the investors backing this innovative platform.
What Is WalkMe?
WalkMe, founded in 2011, is headquartered in San Francisco, California. The company was established by Adi Mor Barak, Dan Adika, Eyal Cohen, and Rephael Sweary.
WalkMe provides a Digital Adoption Platform designed to help organizations improve software adoption, guide users, and automate tasks. Their platform overlays on any application to identify workflow breaks and deliver personalized guidance and automation.
With a workforce of 1001-5000 employees, WalkMe continues to innovate in the digital transformation space, offering solutions that enhance productivity and reduce support tickets.
How Much Funding Has WalkMe Raised?
- Series A
- Amount Raised: $1M
- Date: April 2012
- Lead Investors: Mangrove Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their Digital Adoption Platform.
- Series B
- Amount Raised: $5.5M
- 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: $11M
- Date: April 2014
- Lead Investors: Scale Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enter new markets.
- Series D
- Amount Raised: $25M
- Date: June 2015
- Lead Investors: Greenspring Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and expand customer base.
- Series E
- Amount Raised: $50M
- Date: May 2016
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and increase market penetration.
- Series E
- Amount Raised: $75M
- Date: July 2017
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale the platform and enhance AI capabilities.
- Series F
- Amount Raised: $40M
- Date: September 2018
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive product innovation and expand into new verticals.
- Series F
- Amount Raised: $10M
- Date: November 2018
- Lead Investors: EDBI
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To strengthen market presence in Asia.
- Series G
- Amount Raised: $90M
- Date: December 2019
- Lead Investors: Vitruvian Partners
- Valuation at Round: $2 billion
- Motivation Behind the Round: To scale operations and expand into Latin America.
WalkMe has raised a total of $307.5M with a current valuation of $2 billion.
Key Investors
- Vitruvian Partners
- Details: Vitruvian Partners is a London-based investment firm that led WalkMe's $90 million Series G funding round. They focus on high-growth companies across various sectors.
- Investment Focus Areas: Technology, healthcare, financial services.
- Notable Investments: Just Eat, Skyscanner, Farfetch.
- Insight Partners
- Details: Insight Partners is a global venture capital and private equity firm that has been a consistent backer of WalkMe, participating in multiple funding rounds. They specialize in high-growth technology and software companies.
- Investment Focus Areas: Software, internet, data services.
- Notable Investments: Twitter, Shopify, DocuSign.
- Greenspring Associates
- Details: Greenspring Associates is a venture capital firm that led WalkMe's $25 million Series D funding round. They invest in promising technology companies at various stages of growth.
- Investment Focus Areas: Technology, healthcare, consumer products.
- Notable Investments: Grubhub, Chewy, Cloudflare.
- Gemini Israel Ventures
- Details: Gemini Israel Ventures is a venture capital firm that led WalkMe's $5.5 million Series B funding round. They focus on early-stage investments in Israeli technology companies.
- Investment Focus Areas: Cybersecurity, enterprise software, digital health.
- Notable Investments: Moovit, Outbrain, Payoneer.
- Mangrove Capital Partners
- Details: Mangrove Capital Partners is a venture capital firm that led WalkMe's $1 million Series A funding round. They invest in innovative technology startups across Europe and Israel.
- Investment Focus Areas: Fintech, e-commerce, digital media.
- Notable Investments: Skype, Wix, K Health.
What's Next for WalkMe?
WalkMe's future looks promising with significant opportunities for expansion, particularly in Latin America. The company aims to leverage its digital adoption platform to tap into this burgeoning market, which could substantially increase its customer base and revenue.
Given the rapid growth and recent funding, WalkMe is well-positioned for future fundraising rounds to support its scaling efforts. However, the company may face challenges such as intense competition and the need to adapt to diverse market dynamics. Successfully navigating these hurdles will be crucial for maintaining its growth trajectory.
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