SaaS-based digital adoption solution provider Whatfix has raised nearly $100 million in its Series E funding round led by Sweet Nector Investments (Warburg Pincus) and Japanese investment firm SoftBank.
The board at Whatfix has passed a special resolution to issue 13,201 Series E compulsory convertible preference shares (CCPS) at an issue price of Rs 2,24,788.44 per share to raise the aforementioned amount, Entrackr reported, citing the company’s filings with the Registrar of Companies.
Sweet Nectar Investments has infused Rs 615 crore in the round, while the company’s existing backer SoftBank has injected Rs 210.5 crore.
The fresh funding, involving a mix of primary and secondary fundraise, has come after a gap of almost three years for the Bengaluru-based company. Whatfix aims to use the primary proceeds to expand and grow the business, per the report.
Whatfix had last raised $90 million in its Series D funding round in June 2021 led by SoftBank Vision Fund 2, with participation from Eight Roads Ventures, Sequoia Capital India, Dragoneer Investment Group, F-Prime Capital, and Cisco Investments.
Whatfix is a digital adoption platform that helps companies create and integrate interactive walkthroughs on any website or web application while helping accelerate the software adoption journey for end-customers.
