# WalkMe

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/walkme

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.walkme.com
- Total disclosed funding: $308M
- Latest round: Series G (Dec 4, 2019)
- Investors on record: 9

## About

Founded in 2011 by CEO Dan Adika, Rafael Sweary, Eyal Cohen, and Yuval Shalom Ozanna, and based in California, US, WalkMe Ltd. is a cloud-based digital adoption platform that offers Software-as-as-Service (SaaS) solutions. The company serves over 2000 customers of which 31% are Fortune 500 companies, LinkedIn, CitiGroup, Chevron, and AstraZeneca, and serves over 35 million users in more than 42 countries. As of 2021, the company staffs 940 employees.

The company offers WalkMe™ Digital Adoption Platform (DAP), a code-free software platform that enables product managers and application owners to create interactive on-screen guidance sequences to help users complete complex tasks. WalkMe provides businesses with visibility across the tech stack and insights through management dashboards, Digital Experience Analytics (DXA), tracked events and funnels, and session stream and session playback. The company also enables businesses to build, design, and automate personalized experiences that drive user adoption of the company’s digital assets on mobile, web, and desktop.

Additionally, the company offers a Workstation that connects employees to enterprise applications; Integrations to business-critical applications; Desktop and Mobile applications; Automation; TeachMe that enables training with workflow; and Security and Compliance. WalkMe offers enterprise solutions such as CRM, HCM, ERP, and other platforms such as SharePoint©, Jira©, cPanel©, and LivePerson©; employee solutions such as DAP for sales, HR, employee onboarding, training, and productivity; customer solutions; and product adoption. In June 2024, SAP SE agreed to acquire WalkMe Ltd. from EDBI, Flint Capital, Gemini Israel Ventures, Giza Venture Capital, Greenspring Associates, Insight Partners, Mangrove Capital Partners, Scale Venture Partners, and Vitruvian Partners for USD 1.5 billion, or USD 14 per share in cash.

The company generates revenue as customers subscribe to either the basic or custom plans. In 2020, WalkMe registered a revenue of USD 148.3 million and a growth of 29.8% in the first quarter of 2021 with respect to the corresponding quarter of 2020. For the year ended 31st March 2021, the company booked USD 157 million in revenue.

The company plans to list on the Nasdaq Global Select Market under the symbol WKME and launch 9.25 million shares as IPO expecting the company's valuation to be in the range of USD 2.4 billion to USD 2.7 billion.

## Funding rounds

- Series G, Dec 4, 2019, $90M — Insight Partners, Vitruvian Partners
- Series F, Nov 13, 2018, $10M — SG Growth Capital
- Series F, Sep 20, 2018, $40M — Insight Partners, Mangrove Capital Partners
- Series E, Jul 26, 2017, $75M — Insight Partners, Flint Capital
- Series E, Apr 30, 2016, $50M — Insight Partners, Gemini Israel Ventures, Scale Venture Partners
- Series D, Jun 10, 2015, $25M — Greenspring Associates, Giza Venture Capital, Gemini Israel Ventures, Scale Venture Partners, Flint Capital
- Series C, Apr 1, 2014, $11M — Giza Venture Capital, Gemini Israel Ventures, Mangrove Capital Partners, Scale Venture Partners
- Series B, Oct 25, 2012, $5.5M — Giza Venture Capital, Gemini Israel Ventures, Mangrove Capital Partners
- Series A, Apr 12, 2012, $1M — Mangrove Capital Partners

## Investors

- Mangrove Capital Partners (https://capitalatlas.ai/funds/mangrove-capital-partners) — Series A, Series B, Series C, Series F
- Giza Venture Capital (https://capitalatlas.ai/funds/giza-venture-capital) — Series B, Series C, Series D
- Gemini Israel Ventures (https://capitalatlas.ai/funds/gemini-israel-ventures) — Series B, Series C, Series D, Series E
- Scale Venture Partners (https://capitalatlas.ai/funds/scale-venture-partners) — Series C, Series D, Series E
- Greenspring Associates (https://capitalatlas.ai/funds/greenspring-associates) — Series D
- Flint Capital (https://capitalatlas.ai/funds/flint-capital) — Series D, Series E
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series E, Series F, Series G
- SG Growth Capital (https://capitalatlas.ai/funds/sg-growth-capital) — Series F
- Vitruvian Partners (https://capitalatlas.ai/funds/vitruvian-partners) — Series G