G2 today announced $157 million in Series D funding at a valuation of more than $1.1 billion, bringing its total funding to $257 million.

G2's Series D round is led by Permira's growth fund, which makes minority investments in leading, scaling, tech-enabled and digital businesses, and proudly supported by existing investors including Accel, Emergence, and IVP. New strategic investors include HubSpot Ventures and Salesforce Ventures, who join prior strategic investor LinkedIn, as well as individual investor-entrepreneurs Auren Hoffman (LiveRamp and SafeGraph founder) and Thomas D. Lehrman (GLG founder via Teamworthy Ventures). Permira Partner and Head of the Menlo Park office Tom Eggemeier will join the G2 Board of Directors as part of the transaction.

G2 is the largest and most trusted software marketplace globally. More than five million software buyers each month trust G2, making G2.com one of the Top 1000 web destinations in the U.S. Additionally, 2,000 companies rely on G2 to build their reputation, manage their software spend, and grow their business -- including Salesforce, Hubspot, Zoom, Lyft, and more.