Tuesday, May 4, 2021

Kajabi Collects Massive $550M Round

Irvine-based e-commerce software developer Kajabi said this morning that it has raised a massive, $550M funding round, which values the company at over $2 billion. The company said the round was led by Tiger Global Management and included TPG, Tidemark, Owl Rock Capital and Meritech Capital, along with existing investor Spectrum Equity. The investment round firmly vaunts the company into unicorn territory. Kajabi says it is profitable, and will use the funding to scale its team and build out its products, expand internationally, and explore strategic mergers and acquisitions. Scott Wagner of Tidemark will join the company's board with the funding; Wagner is the former CEO of GoDaddy. Kajabi's CEO and co-founder is Kenny Rueter. Kajabi's e-commerce tools are focused on helping "knowledge entrepreneurs" monetize their expertise, helping them create websites, online courses, coaching programs, membership sites and more. More information »