Investments, Startups

Cloud Based Online Guidance Startup Walkme Raises $25M Funding

American startup ‘Walkme’ announced that it has raised a series D funding of $25 million.

This round of funding was led by Greenspring Associates with participation from existing investors Scale Venture Partners, Giza Venture Capital, and Gemini Israel Ventures.

The newly acquired funding will be used to launch a New York office and expand its current team in San Francisco, Tel Aviv, and Melbourne in order to increase customer acquisition.

Walkme provides a cloud-based service designed to help professionals such as customer service managers, user experience managers, training professionals, SaaS providers and sales managers to guide and engage prospects, customers, employees and partners through any online experience.

The company claims that its technology increases sales conversions and decreases staff time spent on employee trainings and customer service, among other tasks, by providing step-by-step guidance and calls-to-action at the point of interactions on websites as reported by Geektime.

Walkme was founded in 2012, and is operated from its headquarters located in San Francisco. The company has raised a sum of $42.5 million since inception.

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