Announced
Completed
Financials
Tags
Friendly
Software
Minority
Productivity Software
United States
Domestic
Private Equity
Venture Capital
Completed
Acquisition
Private
Synopsis
Insight Partners, a venture capital and private equity firm, led a $35m funding round in Pathlight, a developer of a platform designed for managers to be more effective. Other investors include Kleiner Perkins and Quiet Capital, Uncorrelated Ventures, Jeremy Stoppelman, David Glazer, and Michael Ovitz. The new funds will be used to support Pathlight's growth by accelerating sales and marketing, as well as investing in innovations to further empower frontline employees around the world to manage themselves and succeed. "With the acceleration of digital transformation across the enterprise, it's not enough to rethink the way we work—we must also rethink the way we manage. Pathlight is ushering in a new age of data-driven management, an ethos that we believe every enterprise will need to embrace—quickly. We are excited to partner with the Pathlight team as they bring their powerful platform to companies across the world," Jeff Lieberman, Insight Partners Managing Director.
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