Venture Capital News: Tonkean Lands $50M Series B Round
2021-06-24
SAN FRANCISCO, CA, Tonkean, the Operating System for Business Operations, today announced it has raised $50 million in Series B funding, led by Accel.
The funding will allow Tonkean to scale up hiring to its engineering and go-to-market teams and invest further in its no-code orchestration platform for business operations.
Lightspeed Ventures, who led Tonkean's $24 million Series A round last year, is also participating along with previous investor Foundation Capital. This funding round also includes investments from several prominent tech leaders: Atlassian co-CEO Scott Farquhar, former Google CEO Eric Schmidt, as well as executives from UiPath, all of whom recognize Tonkean as the leader of a new category of enterprise software centered on business operations teams. Accel, who previously led early investments in UiPath and guided their rise to dominance in the RPA market and recent public offering, will be represented on the Tonkean board of directors by Partner Miles Clements.
Tonkean is the OS for Business Operations, transforming operations teams from facilitators into makers with an enterprise-grade, no-code process orchestration platform. By abstracting the technical knowledge required to automate, monitor, and manage mission-critical business processes, while still maintaining compliance and security, Tonkean enables enterprises to accelerate operational velocity at scale. Founded in 2015, Tonkean is headquartered in San Francisco with R&D in Tel Aviv. To learn more, visit www.tonkean.com, or follow Tonkean on LinkedIn and Twitter.
(c) by Massinvestor, Inc. For contact info, please check out our
about page.
>> Click here for in-depth research on 9,000+ startups and 5,000+ VC investors