Funding round
Kajabi Growth
Reported as "Growth Equity"
Kajabi, which works in digital product platform development in Newport Beach, raised $550M in a Growth round announced on 26 Aug 2021, led by Tiger Global Management, at a $2.00B post-money valuation. 6 firms took part, 1 of them already investors.
$550M
Amount raised
$2.00B
Post-money valuation
6
Investors
1 lead
28%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Kajabi at $2.00B after the new money. The $550M bought investors about 28% of the company. It is Kajabi's first venture round on record, 11 years after it was founded in 2010. No later venture round is on record for Kajabi.
Kajabi's funding rounds
This is the only venture round on record for Kajabi.
- Growth this round 26 Aug 2021, led by Tiger Global Management $550M$2.00B post-money
Investors
Who put money in
Tiger Global Management led the round with 5 other firms. Spectrum Equity had backed Kajabi before.
Lead investor
- Tiger Global Management new investor
Also in the round
- TPG backs 114 venture-backed companies new investor
- backs 7 venture-backed companies new investor
- Owl Rock Capital new investor
- Meritech Capital new investor
- Spectrum Equity existing investor
Joined the board: Scott Wagner (Tidemark).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations, acquisitions and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
408 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 9.2 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Ingenio Tech Companies | 5 Aug 2021 | $462M | not disclosed | not named |
| Tech Companies | 5 Aug 2021 | $200M | $1.00B | Tiger Global |
| Tech Companies | 25 Aug 2021 | $139M | not disclosed | not named |
| Tech Companies | 3 Aug 2021 | $120M | $1.00B | General Atlantic and SoftBank |
| Tech Companies | 2 Aug 2021 | $100M | not disclosed | Triangle Peak Partners |
| Tech Companies | 5 Aug 2021 | $100M | not disclosed | Brighton Park Capital |
| Tech Companies | 12 Aug 2021 | $90M | not disclosed | Goldman Sachs Asset Management Private Credit |
| Tech Companies | 4 Aug 2021 | $78M | not disclosed | Level Equity |
Sources
Where this comes from
Reported by 3 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Kajabi raise in its Growth round?
Kajabi raised $550M in its Growth round, announced in Aug 2021.
Who led Kajabi's Growth round?
Tiger Global Management led it, with TPG, Tidemark, Owl Rock Capital, Meritech Capital and Spectrum Equity.
What was Kajabi's valuation at the Growth round?
$2.00B post-money.
How does it compare with other Growth rounds in Tech Companies?
408 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $60M, and this round was 9.2 times the median.