WalkMe Raises $50 million from Insight Venture Partners
We are happy to announce the successful completion of a Series E fundraising round, in which the company has raised $50 million from Insight Venture Partners. With the completion of this Series E round, the company has raised an aggregate amount of $92.5 million.
The current round was led by New York-based venture capital and private equity firm Insight Venture Partners, with participation from existing investors Greenspring Associates, and Scale Venture Partners.
A little bit about our new investors Insight Venture Partners:
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $13 billion and invested in more than 250 companies worldwide. Its mission is to find, fund and work successfully with visionary executives providing them with practical, hands-on growth expertise to foster long-term success.
“WalkMe has been a true leader and disruptor in the user experience landscape over the past few years,” said Jeff Horing managing director at Insight Venture Partners. “WalkMe’s Total Addressable Market is extremely large, we’ve been impressed by its tremendous growth, and we are pleased to partner with company’s leadership team in this new phase of growth and innovation,” added Horing.
Our exceptional business results in the past year led us to decide to execute a much more aggressive expansion plan for 2016 and beyond. According to WalkMe’s CEO Dan Adika, the only thing preventing WalkMe from selling in the range of hundreds of millions per year is scaling our business infrastructure, and that is exactly what this investment lead by Insight Venture Partners empowers us to do.
Recently we announced the launch of WalkMe Apps™: A New and Free Way for App Developers to Create Better Mobile Software, Faster. WalkMe Apps provide free user engagement applets which allow app developers to focus on core technology while seamlessly integrating engagement features, without additional coding, in order to accelerate time-to-market and increase quality.
Founded in 2011, WalkMe has raised $92.5 million to date. In the past year we opened two new offices in the United States, in New York and North Carolina, in addition to our headquarters in San Francisco, and expanded teams in San Francisco, Melbourne, Australia, and Tel-Aviv by 120% to match the hyper-growth in customer acquisition.