Gainsight Grabs Backing from Bessemer and Lightspeed
October 13, 2014
Gainsight, a customer solutions provider, has raised $25 million in Series C funding led by Bessemer Venture Partners, with participation from Lightspeed Venture Partners. Proceeds will be used to expand R&D and execute on the company's vision of designing new customer lifecycle in recurring revenue businesses. Its platform helps businesses grow faster by reducing churn, increasing upsell and driving customer advocacy. Within the past year, Gainsight raised a roughly $21 million Series B round at a valuation of about $85 million. As part of the latest funding, Byron Deeter of Bessemer will join the Board of Directors, and Nakul Mandan of Lightspeed will join as a Board observer.