Whatfix Raises $125 Million in Series E Funding Led by Warburg Pincus, Valuation Hits $900 Million

Sep 25, 2024, 12:07 PM

Whatfix, a SaaS startup that helps companies demo how to use third-party software, has raised $125 million in a Series E funding round led by Warburg Pincus. Warburg Pincus invested $100 million, while existing investor SoftBank Vision Fund 2 contributed $25 million. The funding round also included a $58 million secondary stake sale and an ESOP buyback. Early investors like Helion Venture Partners are making a partial exit. The company's valuation has surged to approximately $900 million, a significant increase from its $12 million valuation in 2015. The company's valuation has jumped by 50% to around $840-850 million.