Moveworks used this deck to raise $70 million from VCs led by Kleiner - Business Insider

This story requires our BI Prime membership. To read the full article,Just three months after raising $30 million from venture capitalists, Moveworks has raised another $70 million from VCs led by Kleiner Perkins and ICONIQ.

He said Moveworks didn't seem to have momentum, but that has changed over the last few months. "They've really just pulled ahead of the rest of the competition as well as demonstrated that they have a product that really addresses the needs of an enterprise," he told Business Insider. The round also includes a personal investment from John W. Thompson, chairman of Microsoft and a partner at Lightspeed Ventures.

Mamoon Hamid, Kleiner Perkins managing director, said the Silicon Valley VC firm has been increasingly interested in this space, but passed on the opportunity to invest in the company's Series A round a few months ago. "With their Series A, they effectively had one or two beta customers using the product on a very small scale, like a small subset of an employee group inside a company using it," he said. "It was just very early.""At the time there were four companies doing something similar," he said. Moveworks "really just pulled ahead from the rest of the competition as well as demonstrated that they have a product that really addresses the needs of an enterprise.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

EQT Ventures: VC fund uses Motherbrain AI tech to find hot startups - Business InsiderSwedish VC firm EQT Ventures employs a proprietary AI tool to identify hot startups to invest in as it looks to stay ahead of the pack in Europe.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Starling has hit the 1 million account milestone - Business Insider - Business InsiderWhile Starling's total number of accounts may trail other big UK neobanks, it could have an edge over competitors due to the sustainability of its growth:
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Apple Card under fire for alleged discrimination - Business Insider - Business InsiderApple Card is under fire for alleged discrimination – some husbands received greater credit limits than their wives despite shared financial accounts. Apple are getting into the debt business. They have to do something with all that hoarded tax money sitting in banks doing nothing. dhh is your profile photo that outdated? 😂😂😂
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Singapore's M-DAQ plans Korean expansion after its valuation skyrockets to $368 million - Business InsiderM-DAQ has soared to a $368 million valuation and plans to use the capital to expand into Korea – working closely with Samsung to do so.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Morning Brew to more than quadruple revenue to $13 million in 2019 - Business InsiderNewsletter publisher Morning Brew more than quadrupled its revenue this year to $13 million, profitably. Now it's aiming for another year of growth and plans to branch out beyond advertising.
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Disney Plus has 10 million sign-ups since launching on Tuesday - Business InsiderDisney announced on Wednesday that its new streaming service, Disney Plus, already has 10 million sign-ups. Let's see what Netflix will do! 10 million X $7 equals... which translates into how much wealth being generated....?
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »