Whatfix raises $100-150 million in a private equity funding round led by Warburg Pincus and with participation from SoftBank

Jun 19, 2024•about 1 year ago

Amount Raised

$100 Million

San Jose

Investors

Eight Roads VenturesHelion Venture PartnersSoft Bank

Description

Private equity firm Warburg Pincus is set to lead a $100-150 million funding round in SoftBank-backed software-as-a-service ( SaaS ) firm Whatfix. The funding round will also see early investors Helion Venture Partners and Eight Roads Ventures making partial exits.

Company Information

Company

Whatfix

Location

San Jose, California, United States

About

Whatfix is a Digital Adoption Solution that disrupts Application Training, Learning, and Support content by providing Contextual, Interactive, Real-Time, and Autonomous user guidance - driving additional adoption and productivity gains. Whatfix has a proven record of increasing employee productivity by 35%, reducing training time and costs by 60%, reducing employee case tickets by 50% and increasing application data accuracy by 20%. Whatfix is based in San Jose, San Francisco, London, Melbourne, Sydney and Bangalore. For more information, please visit https://www.whatfix.com/.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech