Sequoia-backed Medallia has filed a Series F funding round of $70M, less than half the size of their $150M Series E.
This dwarfed round is speculated to be a final stretch for Medallia before filling for an IPO. The SurveyTech market continues on a high after Medallia’s largest competitor, Qualtrics, was swooped up pre-IPO for a whooping $8B by SAP and SurveyMonkey IPOed in 2018.
The Customer Experience management company is 18 years old and it back back 4 VC firms: Sequoia, Saints Capital, TriplePoint Venture Growth and Grotmol Solution and is valued at $2.4B, or $15 a share.
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Mary Drumond is Chief Marketing Officer at survey tech startup Worthix, and host of the Voices of Customer Experience Podcast. Originally a passion project, the podcast runs weekly and features some of the most influential CX thought-leaders, practitioners and academia on challenges, development and the evolution of CX.