WalkMe, World's First Interactive Website Guidance System, Announces $5.5 Million Funding Round from Gemini Israel Ventures, Mangrove Capital Partners and Giza Venture Capital Funding For Breakthrough Technology Platform Will Support Growth and Accelerate Marketing and Operational Initiatives
SAN FRANCISCO, Oct. 26, 2012 /PRNewswire/ -- WalkMe, the world's first interactive online guidance system, announced today that it had received $5.5 million in funding. The round was led by Gemini Israel Ventures and was joined by Mangrove Capital Partners and Giza Venture Capital. Mangrove Capital Partners provided WalkMe's first round of financing in April of this year. The funding will enable WalkMe to support growth and accelerate its sales and marketing efforts as well as further expand the product.
WalkMe enables online services, websites and software vendors to easily create multiple interactive on-screen Walk-Thrus that help users quickly and easily complete even the most complex tasks. Users receive clear and error-proof on-screen instructions, displayed as sequential balloon hints as a layer on top of the website or application, while they perform the actual process.
"Using online services is a necessity for everyone. However, businesses are struggling with ineffective and costly solutions to make sure their users are able to use their offerings," said Eran Wagner, General Partner at Gemini Israel Ventures. "WalkMe is a disruptive system that can fundamentally change the way online services engage with their users online. WalkMe's ability to increase visitor clarity, satisfaction and conversion while dramatically reducing help-desk costs, makes it a no-brainer for a business of any size. We look forward to seeing WalkMe maintain its explosive growth and become an industry standard for guidance by replacing video-tutorials and help sections on websites - just as GPS systems have become a standard replacement for maps."
Dan Adika, CEO of WalkMe, said, "the demand for our online guidance solution is growing exponentially and we sought funding to support this growth. We now have thousands of registered businesses that are utilizing WalkMe's revolutionary technology to better guide their users online. With this round, we've found investors who shared our vision of creating a company that changes the way people use the web."
WalkMe is the world's first interactive online guidance system, enabling organizations to overlay on-screen 'Walk-Thrus,' onto their sites and apps. WalkMe encourages end-user self-service, making any online process intuitive. Using WalkMe reduces helpdesk support demand and increases user engagement, satisfaction and conversions.
For more information, visit www.WalkMe.com.
About Gemini Israel Funds
Since 1993, Gemini Israel Funds has helped many of Israel's most talented entrepreneurs to build innovative and world-changing companies. With over $700M under management, Gemini invests in early stage and growth-stage companies across a range of industries including communications, consumer electronics, enterprise software, Internet software and services, semiconductors, and environmental technologies. More about Gemini: http://www.gemini.co.il.
About Mangrove Capital Partners
Mangrove Capital Partners is a venture capital firm helping innovative entrepreneurs start and grow global, disruptive companies. We chase transformational ideas around the world, with a combined focus on Europe and Emerging Markets such as India and Russia. Our sweet spot is on the earliest stages of innovation; we regularly inject funds prior to product launch, and aim at being the first institutional investor and sometimes co-create projects. For our best portfolio companies, we can then follow up with euro 15-20 million overall.
About Giza Venture Capital
Giza Venture Capital established in 1992, is a pioneer investor in seed and early-stage technology companies and currently manages five funds totaling over $600 million. Giza's investment professionals have a wealth of expertise and experience in Communications, Semiconductors, Information Technology, Enterprise Software, Life Sciences, CleanTech, Media, Internet & Entertainment. This expertise empowers the team's decision-making and problem solving capabilities and accounts for the Fund's hands-on approach in working closely with its portfolio companies. For additional information, visit http://www.gizavc.com.