Total amount raised
$56 Million
Latest funding date
1/1/2022
Location
Walnut has successfully raised funding over five rounds, with the latest being a Series B involving 14 investors, including lead investor Felicis Ventures. The company is backed by a total of 26 investors, with recent contributions from Kim Walsh and Eight Roads Ventures.
Walnut offers an AI-native platform designed to create, deliver, and optimize interactive product demos, enhancing sales experiences. Keep reading to explore the intricacies of Walnut's fundraising journey and the investors backing this innovative platform.
What Is Walnut?
Walnut is a private company based in New York, New York, specializing in CRM, Information Technology, SaaS, Sales, and Software. Founded to enhance sales experiences, Walnut offers an AI-native platform for creating, delivering, and optimizing interactive product demos.
With an employee count ranging between 101-250, Walnut has successfully raised funding through five rounds, the latest being a Series B. The company is committed to improving go-to-market strategies through personalized demos and advanced sales analytics.
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: To establish the company's initial operations and develop the foundational technology for their platform.
- Seed Round (October 2020)
- Amount Raised: USD 2,500,000
- Date: October 2020
- Lead Investors: NFX
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and begin building a customer base.
- Seed Round (December 2020)
- Amount Raised: USD 3,500,000
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and enhance the platform's capabilities.
- Series A Round
- Amount Raised: USD 15,000,000
- Date: August 2021
- Lead Investors: Eight Roads Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of the platform.
- Series B Round
- Amount Raised: USD 35,000,000
- Date: January 2022
- Lead Investors: Felicis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To meet increasing customer demand, expand the team, and continue developing the platform.
Total Amount Raised: USD 56,000,000. 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. The firm manages over $2.1 billion in capital and has been an early backer of more than 41 companies valued at over $1 billion.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: Shopify, Canva, Plaid
- Eight Roads Ventures
- Details: Eight Roads Ventures is a global venture capital firm that invests in technology and healthcare companies at various stages of growth. The firm has a strong presence in Europe, Asia, and the US.
- Investment Focus Areas: Healthcare, Technology, Consumer
- Notable Investments: Alibaba, Made.com, Neo4j
- NFX
- Details: NFX is a seed and series A venture firm specializing in network effects. The firm focuses on early-stage startups and has a strong track record of successful investments.
- Investment Focus Areas: Network effects, Marketplaces, Fintech
- Notable Investments: Lyft, DoorDash, Poshmark
- A Capital
- Details: A Capital is a venture capital firm that focuses on early-stage investments in technology-driven companies. The firm aims to support innovative startups with high growth potential.
- Investment Focus Areas: Technology, SaaS, Consumer
- Notable Investments: Airbnb, Pinterest, Stripe
- Kim Walsh
- Details: Kim Walsh is the Vice President of GTM at HubSpot. She has extensive experience in scaling SaaS companies and has been involved in various strategic investments.
- Investment Focus Areas: SaaS, Technology, Marketing
- Notable Investments: Not publicly disclosed
What's Next for Walnut?
Walnut stands at the cusp of significant growth opportunities, driven by the increasing demand for SaaS product demonstrations. The company's no-code demo creation and integrated analytics features position it well to attract a broader client base, including industry giants like Dell and Adobe. With a 700% growth in annual recurring revenue, the market potential is vast and expanding.
Future fundraising appears promising, given the strong investor confidence from notable backers like Felicis Ventures and NFX. This financial support will likely fuel further expansion and technological advancements. However, Walnut must navigate challenges such as fierce competition and the need to continuously innovate to maintain its edge in the market.
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