WalkMe Raises $50 Million from Insight Venture Partners in a Series E Fundraising Round

SAN FRANCISCO–(BUSINESS WIRE)–#Simple–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
: 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.

Insight Venture Partners
on the announcement –


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Boaz Amidor