Those who love the productboard series tiger global 137m wiggersventurebeat will be pleased to hear that the company has just received a major round of funding. This new round of funding will help the company continue to grow, expand and create new products and services. It also marks a major milestone for the company as it becomes the largest private software company in the world. Its products and services are now being used by more than 4,000 enterprise customers.
$125 million Series D funding
During the first week of October, Tiger Global Venturebeat announced $125 million in Series D funding for a variety of startups. These include the Seattle-based SaaS client management platform FrontDesk, mobile security provider Lookout, and mobile payments provider CardFlight.
The funding comes as the company continues its quest to simplify the financing process for small businesses. According to the company’s website, the funds will be used to expand the company’s services and add new features to the platform. The money will also be used to expand into international markets.
Nextdoor, a neighborhood-based private social network, is also receiving new funding. This round will be used to expand into Asia and the U.S. Founded in 2011, the company’s previous seed round was led by Sequoia Capital.
The company also received funding from Andreessen Horowitz, Lightbank, and Cisco Systems. This round will allow the company to expand into the retail sector.
$72 million Series C funding
Among the companies to receive a funding round is Productboard, which announced its latest round of funding led by Tiger Global Management. The startup plans to use the money to expand its team and support its existing customer base. The startup has raised over $137 million to date.
Tiger Global is also involved in the round for two other companies. TradeSquare and Papa both received funding. TradeSquare is a B2B wholesale marketplace. The company says that the next phase of digital transformation is B2B wholesale.
Papa is a curated platform of companionship and clinical care. The startup plans to use the funds to grow its platform, as well as continue to improve the health of older adults. The company has been growing rapidly in the last two years, and plans to continue expanding its services.
TrueLayer is a global leader in open banking payments. The startup has doubled its customer base, and has experienced 400 percent growth in payment volume. In addition, the company expanded its services across Europe. The company plans to use the new funding to continue expanding and to introduce a new global payment network.
$45 million Series B funding
Several startups have received funding this week, including a $45 million Series B round for Tiger Global Venturebeat. This round includes investment from former AOL executive Steve Case’s new venture capital firm, Revolution Growth.
The Honest Company confirmed the completion of its $25 million round of funding, which was led by Institutional Venture Partners. It will use the funding to grow its video content distribution market.
Another eCommerce organizer, Zomato, announced $37 million in Series D funding. It will use the money to expand into Asia, where the company is already active, as well as North America.
Zomato has raised $55 million since its launch. The company will use the funds to expand into new markets and grow its team.
Zomato was founded in 2008, and was previously backed by Info Edge and Sequoia Capital. Its new funding round will help the company add more features to its platform, according to CEO Greg Goldfarb.
Over 4,000 enterprise customers
Founded in 2014, Productboard is a customer-centric product management platform that helps companies prioritize features, optimize operational efficiency, and accelerate innovation. The platform uses feedback from users to make product decisions, and helps product teams align on a shared strategy. It allows companies to prioritize features and eliminate risk of product failure, allowing teams to deliver products faster.
Productboard identifies the most important features, and allows product teams to prioritize those features based on user needs. Productboard is used by more than 4,000 enterprise customers. It has raised $137 million in funding to date, and plans to hire more than 100 employees by 2021. The company also plans to open an office in Dublin and expand its Vancouver office. Productboard’s new executive team includes Srinivas Krishnamurti, who previously served as product director at CultureAmp, and D’Arcy Doyle, who brings experience from Box, Carta, and Oracle.
Conclusion
Productboard’s new funding round was led by Tiger Global Management, with support from Index Ventures and Bessemer Venture Partners. The company plans to use the funds to expand its team and add new features to its product. Its new executive team will include veteran product and sales executives.
