Freshdesk Announces $50 Million in New Financing from Tiger Global, Google Capital, Accel Partners

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Funding planned for product investment and further scaling operations to support Freshdesk’s fast-growing customer base

"Freshdesk offers a compelling, modern customer experience delivered with cloud-scale cost and flexibility," said Gene Frantz, General Partner at Google Capital.

Freshdesk, the world’s leading provider of SaaS customer support software, today announced a new $50 million round of financing led by Tiger Global, and joined by Accel Partners and Google Capital. The new round of funding will help the company further invest in its products and scale to meet fast-growing demand for its Freshdesk and Freshservice support platforms.

Freshdesk’s customer support solution makes it easy for companies to interact seamlessly with customers across all channels, including social and mobile. Since launching 4 years ago, the company has seen rapid adoption from small and mid-sized businesses globally. Today, companies of all sizes -- fast growing startups as well as large enterprises -- are requiring easy to use and manage solutions, resulting in an increased demand for Freshdesk.

The new round of financing comes at the end of a year in which Freshdesk doubled its customer base to 40,000. The company also successfully launched Freshservice, a SaaS IT service desk that is providing a modern alternative to complex legacy IT support systems.

"Freshdesk offers a compelling, modern customer experience delivered with cloud-scale cost and flexibility," said Gene Frantz, General Partner at Google Capital. "We are excited to support Freshdesk with additional investment as it continues to innovate, scale and reach new heights."

The new round of financing brings the total funding raised by Freshdesk to $94 million. All three of the investors in this round participated in the company’s Series D financing announced in June of 2014.

“Freshdesk enables companies of all sizes deliver world-class customer service," said Girish Mathrubootham, CEO, Freshdesk. "This investment will help us continue to evolve our products and scale our business to meet demand from customers around the world. We are excited about the shared commitment that our investors have in Freshdesk and our vision.”

About Freshdesk:

Freshdesk is the leading provider of cloud-based customer support software. The company is headquartered in San Francisco, California and has a development center in Chennai, India. Launched in 2010, Freshdesk has over 40,000 customers around the world, including 3M, Honda, Hugo Boss, University of Pennsylvania, The Atlantic, and Petronas. The flagship product allows organizations to support customers through email, phone, websites, forums and social media. With powerful features, an easy to use interface and a freemium pricing model, Freshdesk is widely used by companies ranging from startups to enterprises. For more information, please visit http://www.freshdesk.com, http://blog.freshdesk.com or find us on Facebook: http://www.facebook.com/freshdesk or Twitter: @freshdesk.

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Shankar
Freshdesk
since: 11/2010
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