Total amount raised
$56 Millions
Latest funding date
1/1/2022
Location
Walnut has successfully raised significant funding across multiple rounds, with notable investors such as Kim Walsh and Eight Roads Ventures backing the company. The platform offers interactive demo solutions designed to enhance conversion rates and streamline sales processes.
Keep reading to delve into the details of Walnut's funding journey and the strategic investors supporting this innovative platform.
What Is Walnut?
Founded in 2020, Walnut is based in New York, New York. The company was established by Danni Friedland and Yoav Vilner.
Walnut offers a personalized product demo and analytics platform aimed at improving sales experiences. Their platform is codeless, customizable, and integrates seamlessly with CRMs and data sources.
With a team of 101-250 employees, Walnut continues to innovate in the sales tech space, providing tools that help businesses enhance their sales processes and conversion rates.
How Much Funding Has Walnut Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: August 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial funding to kickstart the company and develop the platform.
- Seed Round
- Amount Raised: $2.5M
- Date: October 2020
- Lead Investors: NFX
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the product and expand initial operations.
- Second Seed Round
- Amount Raised: $3.5M
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Additional funding to further develop the product and expand initial operations.
- Series A
- Amount Raised: $15M
- Date: August 2021
- Lead Investors: Eight Roads Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To capitalize on the company's rapid growth and increase in annual recurring revenue, and to scale operations.
- Series B
- Amount Raised: $35M
- Date: January 2022
- Lead Investors: Felicis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team in the United States, Europe, and Israel, and to focus on technological advancements and product development.
Total Amount Raised: $56M. Current Valuation: Not publicly disclosed.
Key Investors
- Felicis Ventures
- Details: Felicis Ventures is a venture capital firm founded in 2006, focusing on early-stage investments in companies reinventing core markets and creating frontier technologies. They manage over $2.1 billion in capital across 8 funds.
- Investment Focus Areas: Technology, innovation, early-stage investments.
- Notable Investments: Shopify, Twitch, Intuit.
- NFX
- Details: NFX is a venture capital firm that focuses on network effects and early-stage investments. They are known for their expertise in scaling companies through network-driven growth.
- Investment Focus Areas: Technology, network effects, early-stage startups.
- Notable Investments: Not publicly disclosed.
- Eight Roads Ventures
- Details: Eight Roads Ventures is a global venture capital firm that invests in technology and healthcare companies. They have a strong presence in Europe, Asia, and the United States.
- Investment Focus Areas: Technology, healthcare, innovation.
- Notable Investments: Not publicly disclosed.
- A Capital
- Details: A Capital is a venture capital firm that focuses on technology and innovation-driven companies. They aim to support startups that are transforming industries.
- Investment Focus Areas: Technology, innovation, early-stage investments.
- Notable Investments: Not publicly disclosed.
- Kim Walsh
- Details: Kim Walsh is a strategic angel investor and the VTP GTM at HubSpot. She has extensive experience in sales and marketing technology.
- Investment Focus Areas: Sales technology, marketing technology, SaaS.
- Notable Investments: Not publicly disclosed.
What's Next for Walnut?
Walnut's future is brimming with opportunities. The company is poised to expand its team across the U.S., Europe, and Israel, aiming to serve an even larger customer base. With a 700% increase in annual recurring revenue, the market potential is substantial. The demand for no-code platforms that streamline sales processes is growing, and Walnut is well-positioned to capitalize on this trend.
Future fundraising seems likely as Walnut continues to scale. The company has already attracted significant investment, and further rounds could support technological advancements and market expansion. However, challenges such as maintaining rapid growth and facing competition from similar platforms will require strategic management and continuous innovation.
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