SAN FRANCISCO--(BUSINESS WIRE)--WalkMe™, the Enterprise Class Guidance and Engagement Platform, announced today that it has received $50 million in Series E Fundraising Round led by New York-based venture capital and private equity firm Insight Venture Partners, with participation from existing investors Greenspring Associates, and Scale Venture Partners. With the successful completion of this Series E Round, the Company has raised an aggregate amount of $92.5 million. In addition, WalkMe is announcing the launch of WalkMe Apps™: A New and Free Way for App Developers to Create Better Mobile Software, Faster.
“WalkMe has been a true leader and disruptor in the user experience landscape over the past few years,” said Jeff Horing managing director at Insight Venture Partners. “WalkMe’s Total Addressable Market is extremely large, we’ve been impressed by its tremendous growth, and we are pleased to partner with company's leadership team in this new phase of growth and innovation,” added Horing.
"Our exceptional business results in the past year led us to decide to execute a much more aggressive expansion plan for 2016 and beyond," said WalkMe CEO Dan Adika. "The only thing preventing WalkMe from selling in the range of hundreds of millions per year is scaling our business infrastructure, and that is exactly what this investment lead by Insight Venture Partners empowers us to do,” added Adika.
Founded in 2011, WalkMe has raised $92.5 million to date. In the past year the company opened two new offices in the United States, in New York and Raleigh, in addition to its headquarters in San Francisco, and expanded teams in SF, NYC, Melbourne, and Tel-Aviv by 120% to match the hyper-growth in customer acquisition.
WalkMe is an enterprise platform that instantly makes the end user's experience simple, effortless, and efficient. The technology disrupts traditional software training, onboarding, and passive FAQ forums for customers, and provides step-by-step guidance and calls-to-action in order to increase customer engagement. This new adoption of customer services has had a powerful impact as thousands of customers, including Kimberly Clark, Stanley Black & Decker, SAP, SurveyMonkey, Intuit, Adobe, Phillips66, Metro Bank, and Citrix. All have seen significant improvements in website metrics since they adopted WalkMe.