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Tuesday, May 21, 2024

DLA Piper advises Top Tier on Typeform´s $135m funding round

DLA Piper has advised Top Tier Capital Partners on Typeform´s $135 million investment round led by Sofina

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Typeform, a conversational interaction platform, announced that it has raised $135 million in Series C funding led by Sofina. Returning investors including General Atlantic, Index Ventures, Point Nine Capital and Connect Ventures, as well as new investors Top Tier Capital Partners, GP Bullhound, Teamworthy Ventures and Trium Venture Partners, also participated in the round. This latest funding brings Typeform’s total investment to more than $187 million.

With this investment, Typeform will accelerate product development, nurture emerging technologies, expand headcount and deepen strategic partnerships across its platform as it continues its efficient growth trajectory. “We’re grateful for the support and guidance of our investors as we continue to build robust full-funnel solutions, expand our global team and help customers engage their audiences and grow their businesses by enabling more immersive online, asynchronous, human-led experiences,” said Joaquim Lecha, CEO at Typeform. 

“We are in a strong position to continue empowering businesses and their employees to grow and engage their audiences as online interactions become increasingly central to building an enduring brand,” said Lecha. “Our focus, as always, is on creating long-term value for our customers through Typeform’s simple but powerful self-serve interaction experiences that can be embedded without complexity or coding across core business processes.”

Since raising Series B funding in 2017, Typeform has added robust capabilities to its conversational interaction offerings. The company launched new products such as VideoAsk, a video conversation solution that enables one-to-one asynchronous conversations at scale, and Typeform Chat, a no-code chatbot builder that was introduced to let businesses engage audiences with a life-like chat, while making the most of automation and efficiency to attract leads and recommend products.

“It’s been our belief since day one that good design drives results,” said David Okuniev, Typeform co-founder, head of research and development, and lead designer. “Now, as our time is increasingly spent online, that’s more true than ever. Businesses of all sizes confront intense pressure to create a meaningful digital experience and find opportunities to make personal connections with their customers through online interactions.”

The company is supported by a team of more than 450 Typeformers working fully remote with access to offices in both Barcelona and San Francisco. Typeform has increased its headcount 35 percent year-over-year and built a team that represents more than 55 nationalities. 

DLA Piper advised Top Tier Capital Partners with a team comprising Corporate partner Joaquín Echánove, Corporate senior associate Francisco Bachiller and Corporate associate Carlos Fuerte.

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