Front will use its remaining funds to drive its EMEA expansion to Dublin and Paris. The company revealed plans to establish an Irish base last year.
US software company Front plans to expand its presence in Europe after closing a $65 million Series D funding round.
The round was led by Salesforce Ventures and Battery Ventures. The CEO of SaaS company PagerDuty also participated, along with existing investors Sequoia Capital, Threshold Ventures and Uncork Capital.
The Series D round values Front at $1.7 billion, giving the startup unicorn status. The company’s CEO and co-founder, Mathilde Collin, also joins a very small list of women who have both founded and led a SaaS unicorn.
Front’s total funding to date is over $200 million.
CRM software company Front was founded in 2013. It serves around 8,000 customers in more than 100 countries and counts Shopify, Airbnb, Hulu, Lyft and Mailchimp among its users.
Last October, Front announced its intention to establish an Irish base and create several new jobs. At the time, the start-up said he planned to build a team focused on sales, support, success and marketing, before opening an office in Dublin.
The start-up said today (June 28) that it will use its new funding to expand its operations in Dublin and Paris as part of its EMEA expansion. It plans to grow its EMEA workforce by more than 80% over the next two to three years.
It also plans to accelerate investments in product and go-to-market initiatives. It will increase investment in product development to enable support, operations and account management teams to build lasting relationships at scale.
Going to market, it will invest in new partnerships, geographies and gain market share in sectors such as professional services, financial services, logistics and B2B technology.
Collin said Front has taken a “contrary approach” so far.
“We’re building technology that evolves customer relationships without losing that human touch,” she said.
“This investment round, coming into the economic environment as it has, is a validation of that approach. Front has the potential to become the communication layer for meaningful relationships across the business, and investors want to help us achieve this.
10 things you need to know straight to your inbox every weekday. Sign up for the brief dailythe summary of essential science and technology news from Silicon Republic.
Comments are closed.