Freshworks, formerly Freshdesk, was founded in 2010 by Girish Mathrubootham and Shan Krishnasamy. In an interview with Inc42 from July 2019, a company spokesperson stated the company would aim for an IPO “if and when a public offering proves opportune for the business.” These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.
Freshworks offers a variety of business software with solutions including call center management, customer messaging, sales CRM, and IT service management. The company has raised approximately $400 million in Venture Capital funding from investors including Sequoia Capital, CapitalG, Tiger Global Management, Accel, and Microsoft BizSpark. Per company press releases, Freshworks last raised $150 million in November 2019 at a post-money valuation of $3.5 billion.
Funding Date | Share Class | Amount Raised | Price per Share | Post-Money Valuation | Key Investors | |
---|---|---|---|---|---|---|
11/13/2019 | Series H | $150MM | $xx.xx | $3.5B | Accel, Capitalg, Sequoia Capital India | |
Price per Share
$xx.xx
Shares Outstanding
11,276,220
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Capitalg, Sequoia Capital India
|
||||||
07/31/2018 | Series G | $55MM | $xx.xx | $1.5B | Accel, Capitalg, Sequoia Capital India | |
Price per Share
$xx.xx
Shares Outstanding
9,151,440
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Capitalg, Sequoia Capital India
|
||||||
11/01/2016 | Series F | $27.5MM | $xx.xx | $703.26MM | Accel, Sequoia Capital India | |
Price per Share
$xx.xx
Shares Outstanding
8,708,920
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Sequoia Capital India
|
||||||
04/20/2015 | Series E | $50MM | $xx.xx | $488.91MM | Accel, Capitalg, Tiger Global Management | |
Price per Share
$xx.xx
Shares Outstanding
21,292,060
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Capitalg, Tiger Global Management
|
||||||
06/12/2014 | Series D | $31MM | $xx.xx | $174.61MM | Accel, Capitalg, Tiger Global Management | |
Price per Share
$xx.xx
Shares Outstanding
30,662,710
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Capitalg, Tiger Global Management
|
||||||
11/21/2013 | Series C | $7MM | $xx.xx | $66.73MM | Accel, Tiger Global Management | |
Price per Share
$xx.xx
Shares Outstanding
15,306,750
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Tiger Global Management
|
||||||
04/26/2012 | Series B | $5MM | $xx.xx | $17.68MM | Accel, Lee Fixel, Rajesh Rajasekar, Ravi Raman, Tiger Global Management | |
Price per Share
$xx.xx
Shares Outstanding
36,229,260
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel, Lee Fixel, Rajesh Rajasekar, Ravi Raman, Tiger Global Management
|
||||||
12/01/2011 | Series A | $1.06MM | $xx.xx | $4.26MM | Accel | |
Price per Share
$xx.xx
Shares Outstanding
21,428,070
Liquidation Pref Order
1
Liquidation Pref As Multiplier
1.0x
Conversion Ratio
1.0x
Dividend Rate
8.0%
Cumulative
Non-cumulative
Participating
Non-participating
Participation Cap
--
Key Investors
Accel
|