• Home
  • Mail
  • News
  • Finance
  • Sports
  • Entertainment
  • Search
  • Mobile
  • More
Yahoo
    • Skip to Navigation
    • Skip to Main Content
    • Skip to Related Content
    • Mail
    Entertainment Home
    Follow Us
    • The It List
    • TV
    • Movies
    • Celebrity
    • Music
    • Live Celeb Chats
    • Videos

    Freshworks raises $150M Series H on $3.5B valuation

    Ron Miller
    TechCrunchNovember 13, 2019
    Reblog
    Share
    Tweet
    Share
    Businessman working late at computer, using hands-free headphones talking on telephone

    Freshworks, a company that makes a variety of business software tools, from CRM to help-desk software, announced a $150 million Series H investment today from Sequoia Capital, CapitalG (formerly Google Capital) and Accel on a hefty $3.5 billion valuation. The late-stage startup has raised almost $400 million, according to Crunchbase data.

    The company has been building an enterprise SaaS platform to give customers a set of integrated business tools, but CEO and co-founder Girish Mathrubootham says they will be investing part of this money in R&D to keep building out the platform.

    To that end, the company also announced today a new unified data platform called the "Customer-for-Life Cloud" that runs across all of its tools. "We are actually investing in really bringing all of this together to create the "Customer-for-Life Cloud," which is how you take marketing, sales, support and customer success -- all of the aspects of a customer across the entire life cycle journey and bring them to a common data model where a business that is using Freshworks can see the entire life cycle of the customer," Mathrubootham explained.

    While Mathrubootham was not ready to commit to an IPO, he said they are in the process of hiring a CFO and are looking ahead to one day becoming a public company. "We don’t have a definite timeline. We want to go public at the right time. We are making sure that as a company that we are ready with the right processes and teams and predictability in the business," he said.

    In addition, he says he will continue to look for good acquisition targets, and having this money in the bank will help the company fill in gaps in the product set should the right opportunity arise. "We don't generally acquire revenue, but we are looking for good technology teams both in terms of talent, as well as technology that would help give us a jumpstart in terms of go-to-market." It hasn't been afraid to target small companies in the past, having acquired 12 already.

    Freshworks, which launched in 2010, has almost 2,500 employees, a number that's sure to go up with this new investment. It has 250,000 customers worldwide, including almost 40,000 paying customers. These including Bridgestone Tires, Honda, Hugo Boss, Toshiba and Cisco.

    Freshworks raises $100M


    Reblog
    Share
    Tweet
    Share

    What to Read Next

    • Blake Shelton Jokes He ‘Was a Jerk’ Before He Started Dating Gwen Stefani

      People
    • Codeine, 41 bags of marijuana found in luggage when rapper Juice WRLD collapsed: Report

      Yahoo Celebrity
    • Who’s the Man Who Slapped a Reporter in Georgia Live on Air?

      Inside Edition CBS
    • Elizabeth Hurley Names Matthew McConaughey as Her Best On-Screen Kiss

      Entertainment Tonight
    • 'Star Wars' actress Daisy Ridley under fire for denying she has 'privilege,' comparing herself to co-star John Boyega

      Yahoo Celebrity
    • Roxette singer Marie Fredriksson dead at 61

      Yahoo Music
    • Clint Eastwood & Warner Bros Threatened With ‘Richard Jewell’ Defamation Suit From Atlanta Newspaper

      Deadline
    • Shania Twain Wasn't Joking About Post Malone Collab — but 'If He Doesn't Want It, No Problem'

      People
    • Incredible Footage Shows Python, Honey Badger and a Pair of Jackals Viciously Fighting in Botswana

      People
    • 'Bachelorette' star J.P. Rosenbaum diagnosed with rare autoimmune disorder

      Yahoo Celebrity
    • The Kardashian-Jenner's Go-To Dermatologist Reveals the Cosmetic Procedures Tons of Stars Are Doing

      People
    • Khloe Kardashian Reveals Kendall and Kylie Jenner Have Different 'KUWTK' Contracts Than Their Sisters

      Entertainment Tonight
    • Warner Bros. says newspaper out to 'malign' Richard Jewell by requesting  disclaimer for female reporter

      Entertainment Weekly
    • Nick Jonas Says Priyanka Chopra Is 'Jealous' His Brothers Got To Attend the 'Jumanji' Premiere (Exclusive)

      Entertainment Tonight
    • Gwen Stefani Asks to 'Cut the Cameras' After Breaking Down in Tears During 'The Voice' Semifinals

      Entertainment Tonight
    • Jillian Michaels warns of 'glamorizing' obesity: 'We’re politically correct to the point of endangering people'

      Yahoo Celebrity

    Read the articles of impeachment against President Trump

    jim: It is now up to the people if they want these people making these decisions for them after an election or not !! Vote in november and let them know

    Join the Conversation
    1 / 5

    1.7k

    • Ryan Reynolds says he hired actress from viral Peloton ad because backlash can be 'alienating'

      Yahoo Celebrity
    • Newlywed Virginia Couple Missing After Leaving Voicemail About Being Burned by New Zealand Volcano

      People
    • John Legend confesses to star contestant Katie Kadan: 'You deserve more than "The Voice"'

      Yahoo Music
    • Drake, Travis Scott, Halsey & More React to Juice WRLD’s Death: ‘You Were Just Getting Started'

      People
    • Amid flurry of Saudi reforms, mocktails on order in execution square

      Reuters
    • Pregnant Ala. Mom Is Killed in Front of Her Kids in Grocery Store: 'Beautiful Soul, Inside and Out'

      People
    • Prince Andrew Has 'Embarrassed the Family' and Friends Are Concerned for Princess Beatrice, Source Says

      Entertainment Tonight
    • Vanna White was 'very nervous' to host 'Wheel of Fortune' after Pat Sajak's emergency surgery

      Yahoo TV
    • Hear Monaco's Royal Twins' Voices for Very First Time in Video for Grandma on Their 5th Birthday!

      People
    • Nick Cannon Responds to 'Grandpa' Eminem’s Latest Mariah Carey Diss, Invites Him to Wild 'N Out

      People
    • Eminem Says He 'Demands an Apology' After Nick Cannon's New Diss Track Featuring Suge Knight

      Entertainment Tonight
    • Ryan Reynolds Narrowly Escapes a Collapsing Barricade at Comic-Con Experience in Brazil

      People
    • Sean Lennon Posts Family Instagram Photo on 39th Anniversary of Father John’s Murder

      People
    • Khloé Kardashian Reveals What Happens to the Leftover Food from Her Family's Extravagant Parties

      People
    • Shania Twain Kicks Off Energetic New Las Vegas Residency Show: 'I'm Intrigued by the Visual'

      People
    • The right stuff: Donnie Wahlberg opens up about giving back, bad-boy image, and the 'greatest Christmas present' he gave Jenny McCarthy

      Yahoo Music