Whatfix's official press releases or news articles

Whatfix Raises $125M in Series E Funding Led by Warburg Pincus and SoftBank, Valuation Hits $840-900M

Sep 25, 2024, 12:14 PM

Whatfix, a SaaS company specializing in digital adoption platforms, has secured $125 million in a Series E funding round. The round was led by Warburg Pincus, which contributed $100 million, with additional participation from existing investor SoftBank Vision Fund 2, which injected $25 million. This funding round also includes a $58 million secondary stake sale and an ESOP buyback, allowing early investors like Helion Venture Partners to make a partial exit. The company's valuation has now reached approximately $900 million, with some estimates around $840 million, a significant increase from its $12 million valuation in 2015. The new capital will be used to expand Whatfix's global reach and enhance its digital adoption platform. The company is also set to hit $100 million in annual recurring revenue (ARR) in the next two quarters and aims to break even in 6-8 quarters.