FarEye’s existing investors include Honeywell, Eight Roads Ventures, and Fundamentum also participated in this round. The new funding also includes a minor debt raise.
Software-as-a-service (SaaS) start-up FarEye has raised $100 million in a Series E funding round led by Dragoneer Investment Group, and TCV, a global venture capital fund. TCV recently invested in Dream 11, an online fantasy gaming start-up, while Dragoneer has invested in Unacademy, an EdTech unicorn. FarEye’s existing investors include Honeywell, Eight Roads Ventures, and Fundamentum also participated in this round. The new funding also includes a minor debt raise.
This funding comes in less than a year after the company raised around $37 million from investors. The new capital will be used to expand drive expansion in North America and Europe, its software platform capabilities, and explore other growth opportunities.
Source: Business World
