Whatfix, a pioneer in “userization” of application technology to maximise enterprise tech stack ROI, announced a $58 million liquidity program. Employee and investor liquidity was provided at a premium to Series D round valuation.
Due to their valuable contributions, eligible current and past employees might liquidate a portion of their vested units. The company has sometimes permitted secondary sales to benefit its employees and investors from expansion.
Khadim Batti, Whatfix CEO and co-founder said, “This program reflects our commitment to both business growth and recognizing those who have been integral to our success. We’re fostering a culture of ownership and innovation by offering employees and investors to share in our growth. Recently, our customer-first approach was recognized as Whatfix was named the only ‘Customer’s Choice’ in the 2024 Gartner Peer Insights DAP report. This program equally underscores our dedication to employees, reinforcing that our employee-centricity is second to none.”
Whatfix recently raised $125 million in a Series E fundraising round led by Warburg Pincus, in which SoftBank Vision Fund 2, an existing investor, also participated. Its development into DAP-adjacent solutions was fuelled by the recent round, which was raised at a premium of over 50%, further solidifying its position as a leader in digital adoption platforms.
Since 2021, Whatfix has launched four new products, showcasing the strong innovation DNA of the company. The US patent office has granted the company 5 patents with 18 more in the pipeline. Despite the macroeconomics and the headwinds in the last two to three years, Whatfix has distinguished itself by maintaining a low cash burn and sustaining growth rate. Whatfix also doubled its workforce to 960+ employees and opened four new offices in Singapore, Germany, Australia, and India since its Series D.
About Whatfix
Whatfix is helping businesses optimise the return on investment (ROI) of digital investments across the application lifetime, thus promoting the “userization” of application technology.
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