SaaS startup PostHog raises $75 million at $1.4 billion valuation, turns unicorn

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Software-as-a-service (SaaS) PostHog turned unicorn after raising $75 million in a funding round at a $1.4 billion valuation, in a round led by Peak XV Partners with participation from other existing investors.

Cofounder and co-CEO James Hawkins made the announcement in a LinkedIn post, describing how this new phase marks “Act 2” for PostHog.

With this funding, the startup will deepen its focus on developer tools beyond analytics. “We are going deeper into being a devtool, not “just” analytics. We will keep improving our existing tools, and adding…



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SaaS startup PostHog raises $75 million at $1.4 billion valuation, turns unicorn



Software-as-a-service (SaaS) PostHog turned unicorn after raising $75 million in a funding round at a $1.4 billion valuation, in a round led by Peak XV Partners with participation from other existing investors.

Cofounder and co-CEO James Hawkins made the announcement in a LinkedIn post, describing how this new phase marks “Act 2” for PostHog.

With this funding, the startup will deepen its focus on developer tools beyond analytics. “We are going deeper into being a devtool, not “just” analytics. We will keep improving our existing tools, and adding…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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