Deals
Sequoia-Backed Productboard Raises $125 Million in New Round
- Dragoneer and Tiger Global value company at $1.7 billion
- Product management software used by Microsoft, Zoom, UiPath
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Productboard Inc., a product-management software business, has raised $125 million in financing giving it a $1.7 billion valuation.
The investment was led by Dragoneer Investment Group, with Tiger Global as a secondary lead investor. Existing investors, including Sequoia Capital, Bessemer Venture Partners, Kleiner Perkins and Index Ventures, also participated. The valuation is more than double the $772 million that Productboard was valued at in April.