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Linear completed a secondary sale led by Accel, doubling its valuation to $2.5 billion. $99 million went to employees, showcasing continued growth in the SaaS sector.
PRIVATEAug 26, 2026•about 5 hours ago
Amount Raised
$99 Million
Round Type
Secondary Market
San FranciscoSoftware
Investors
S32Salesforce Ventures01 AAccel
Description
Linear has successfully completed an employee tender offer valuing the company at $2.5 billion, led by Accel with participation from Salesforce Ventures and S32. This deal reflects the strong demand for Linear's product management tool despite the prevailing narrative about AI's impact on SaaS businesses. The transaction granted $99 million to employees rather than affecting Linear's balance sheet. Co-founder and CEO Karri Saarinen highlights that Linear's position remains strong as AI generates more coordination work.
Company Information
Company
Linear
Location
San Francisco, California, United States
About
Linear is an enterprise software maker specializing in software development and project planning tools. The company competes with Atlassian's Jira and has seen significant growth, with profits increasing by 280% last year. Linear has over 15,000 customers, including notable AI companies. The company's focus is on customer-first product development, emphasizing specific use cases in software workflows.
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San FranciscoSoftware