{"id":590,"date":"2015-06-17T04:53:40","date_gmt":"2015-06-17T04:53:40","guid":{"rendered":"https:\/\/www.walkme.com\/blog\/?p=590"},"modified":"2018-04-03T08:34:51","modified_gmt":"2018-04-03T08:34:51","slug":"why-greenspring-associates-chose-to-invest-in-walkme","status":"publish","type":"post","link":"https:\/\/www.walkme.com\/blog\/why-greenspring-associates-chose-to-invest-in-walkme\/","title":{"rendered":"Why Greenspring Associates Chose to Invest in WalkMe"},"content":{"rendered":"

Last week we announced that\u00a0WalkMe received $25 million in Series D funding led by new investor Greenspring Associates.\u00a0Here is a short note by\u00a0Ashton Newhall,\u00a0Managing General Partner at Greenspring Associates,\u00a0explaining why\u00a0Greenspring Associates chose to invest in WalkMe.<\/p>\r\n

We loved the note\u00a0and wanted to share it with the world.\u00a0<\/p>\r\n

Why WalkMe?<\/strong><\/h2>\r\n

It just made sense. <\/strong><\/h3>\r\n

It is the kind of technology that the first reaction when experiencing it is a strong sense of wow, this is how user experience should be done<\/strong>. WalkMe instantly simplifies the user experience \u2014 like a car with a built-in navigation system.<\/p>\r\n

WalkMe’s growth potential. <\/strong><\/h3>\r\n

Few companies grow at the pace of WalkMe, and in a very short time acquire many Fortune 500 customers like SAP, MasterCard, Kimberly Clark, Delta Airlines, AT&T as well as significant other top household brands. We’ve been impressed by the tremendous growth the company has achieved to date through its innovation and scalable infrastructure.\u00a0 The Cost of Acquiring a Customer and Payback, the Monthly Revenue Growth, Net Promoter Score, and the Cohort Analysis and Churn marks were all impressive.<\/p>\r\n

We then had conversations with some of WalkMe’s strategic customers.<\/strong><\/h3>\r\n

The strategic impact of WalkMe on their customers’ business was clear. The customers reported significant reductions in onboarding<\/a> time and in incoming requests for support \u2013 as well as a substantial percentage growth in software adoption and user engagement. The Average Wallet Size also has been growing consistently.<\/p>\r\n

Next, we spoke to WalkMe’s partners like Accenture.<\/strong><\/h3>\r\n

The partners we talked to uniformly agreed that WalkMe’s Total Addressable Market is very large. Almost every company especially mid-market to enterprise has a few business challenges and pains which we believe WalkMe can effectively address. WalkMe’s partners share the company’s vision of a new simple user experience and appear to be truly dedicated to assisting WalkMe to achieve its goals.<\/p>\r\n

The Team<\/strong><\/h3>\r\n

We have been paying close attention to WalkMe’s evolution and have been extremely impressed with the company’s leadership and the effective data-driven execution of the company’s vision. We believe the leadership team has put WalkMe on the path to becoming a large independent company with a large market footprint.<\/p>\r\n

WalkMe truly stands out from the crowd, and we look forward to the partnership<\/a> as they continue to disrupt the user experience landscape.<\/p>","protected":false},"excerpt":{"rendered":"Last week we announced that\u00a0WalkMe received $25 million in Series D funding led by new investor Greenspring Associates.\u00a0Here is a…<\/span>","protected":false},"author":246,"featured_media":2293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"mobile_image_id":0,"tablet_image_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9],"tags":[176],"class_list":["post-590","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-walkme-company-news","tag-wmb-news"],"acf":{"__coauthors":null},"yoast_head":"\nWhy Greenspring Associates Chose to Invest in WalkMe<\/title>\n<meta name=\"description\" content=\"Last week WalkMe received $25 million in 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