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Freshdesk raises $55 Million from Sequoia Capital India and Accel Partners

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Cloud-based customer engagement software firm has raised Series F of $55 million led by Sequoia Capital India, a new investor for the company, and the existing investor, Accel Partners.

With the latest round of funding, the total funds raised by the company so far is around $149 million.

The company has raised around $94 million through five rounds of funding, starting from $1 million in 2011 from to $50 million in Series E from Tiger Global, Google Capital and in April 2015.

The new round of is expected to fuel growth of new products and global expansion. The new round of will be used to invest in growing its new products launched earlier this year – Hotline and Freshsales – and scaling the existing products and Freshservice, apart from expanding its regional teams across the globe.

Hotline.io, an in-app support and engagement platform for mobile-first and Freshsales, a CRM solution and sales system for high-velocity sales teams are targeting to serve the mobile-first and sales teams.

Since the last round of funding, the company has so far acquired six – 1Click, Frilp, Konotor, Framebench, Airwoot, and Chatimity – as part of enhancing its offerings in various platforms.

The company has doubled its customer base to over 80,000 and opened a new office in Europe after the last round of fund raising in 2015.