The round brings the company’s valuation to $1.25 billion and was co-led by Coatue and existing investor Andreessen Horowitz
Tackle.io announced to have secured a $100 million Series C funding round. The round brings the company’s valuation to $1.25 billion and was co-led by Coatue and existing investor Andreessen Horowitz, and included participation from Bessemer Venture Partners.
The funding, which comes 9 months after a $35M Series B, brings Tackle’s total funding to $148M. The round will help Tackle fast-track the execution of its product roadmap and expand its global reach while furthering its mission to help software companies sell through the Cloud Marketplaces offered by AWS, Azure, GCP, and IBM / Red Hat.
“This has been a tremendous year for Tackle, as we’ve tripled the size of our team and more than doubled our customer count. Our customers today are primarily hypergrowth startups and we are excited to leverage this investment to broaden our platform in support of startups looking to build a Marketplace-native go-to-market as well as enterprises that are retrofitting their product portfolios to align to the cloud buyer. Tackle’s mission is to provide a global enterprise grade platform focused on bringing a Marketplace Cloud GTM to the masses,” said John Jahnke, CEO, Tackle.
With this funding, Tackle will continue to invest deeply into bringing Marketplaces closer to the point where buyers discover as well as more deeply integrating Marketplaces into core software company systems like Salesforce. Tackle will also streamline the workflow between co-sell systems and the Marketplaces to provide a single end-to-end integrated experience.