TextExpander, a San Francisco, California-based developer of productivity software, announced a $41.4 million financing round and the addition of SaaS industry leader J.D. Mullin as the company’s new CEO.
The round was led by global growth equity investor Summit Partners.
The fund will support TextExpander to continued investment in R&D, hiring, and customer acquisition, and will help to further accelerate TextExpander’s rapid growth.
Company: TextExpander, Inc.
Round: Private Equity
Funding Month: July 2022
Lead Investors: Summit Partners
Company Website: https://textexpander.com/
Software Category: Productivity Software
About the Company: TextExpander develops productivity software for macOS®, Windows®, Chrome™, iPhone®, and iPad®. TextExpander was built to help teams and individuals accelerate repetitive tasks and deliver a personal touch in business communications. The company’s productivity software is designed to automate content creation through highly customizable, user-defined keyboard shortcuts, or “snippets”, helping management teams to promote consistent and compliant communications. TextExpander’s “use it anywhere and everywhere” flexibility has become a consistent theme among customer acclaims. The solution can be used across applications, from email and calendars to popular software applications like Salesforce and Zendesk. The company has more than 100,000 monthly active users (MAU) who have employed 560 million expansions in the last year alone.