Hyper-Growth Meets Profitability for Qualtrics
Insights platform Qualtrics, best known for its digital survey solutions, has raised a whopping $150 million Series B financing round led by Insight Venture Partners with participation from Accel Partners and Sequoia Capital.
Qualtrics provides a single, unified platform that enables enterprises to capture and respond to customer, employee and marketing insights. The company currently has more than 1.9 million global enterprise seats today, hosting 2.1 million-plus active surveys. Qualtrics has experienced a compounded annual growth rate (CAGR) of more than 90 percent during the last five years.
"We meet with thousands of companies each year and select only the very best for investment. Qualtrics is such an organization with a leading brand, product, and management team," said Jeff Lieberman, managing director at Insight Venture Partners, which has invested in more than 200 growth stage companies. "No organization can remain competitive without knowing what their customers and employees think -- which is why insight technology is essential to every organization. Our investment in Qualtrics reflects our confidence in the company's continued growth and innovation in this market."