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Completed

Matrix Partners led a $13m Series A round in Chameleon.

Synopsis

Matrix Partners, a venture capital firm, led a $13m Series A round in Chameleon, a product adoption platform for modern software developer, with participation from True Ventures, Kevin Wang and Kevin Mahaffey. "The explosion of SaaS products in recent years has dramatically raised expectations from customers. Everyone wants elegant, easy-to-use software that delivers value fast and doesn't require a lot of hand holding. The team at Chameleon has built the best suite of no-code tools that SaaS product teams use to create delightful experiences and understand their customers. They've reached significant revenue on very little funding, and I'm excited to help them accelerate as the SaaS ecosystem gets focused on efficiency," Ilya Sukhar, Matrix Partners General Partners.

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