Heidi Raises $340M in Series C Funding Round
1 report, 1 independent
Updated Sep 22
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What happened
Heidi announced it secured $340 million in new funding through a Series C round. Blackbird led the round, which raised $100 million in Series C at a $900 million valuation. The funding round also included participation from Phoenix Court, Point72 Private Investments, and Headline. The total capital raised by Heidi now stands at $436.6 million.
From thenextweb.com
Why it matters
The funding round involved a significant capital injection into the company, which has seen its annual recurring revenue grow from $1 million to $50 million in two years. General Catalyst contributed $240 million of debt-like capital through its Customer Value Fund, which is structured to share in future revenue.
From thenextweb.com
Who's involved
- General CatalystGeneral Catalyst contributed $240 million of debt-like capital to the funding round.
- BlackbirdBlackbird led the Series C funding round at a $900 million valuation.
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The entities involved
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General Catalyst
venture capital firm
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