Toplyne, a Bangalore, India-based SaaS platform that enables companies to monetize their product-led growth flywheel, announced that it raised $15 million in Series A funding.
The round was led by Tiger Global and Sequoia Capital India, with participation from existing investors Together Fund, Sequoia India’s Surge, and angel investors from Canva, Vercel & Zoominfo.
Toplyne will use the funding to aggressively deliver on the product roadmap and scale the data science, engineering, product, and design teams.
Company: Toplyne Labs PTE Ltd.
Round: Series A
Funding Month: May 2022
Lead Investors: Tiger Global and Sequoia Capital India
Additional Investors: Together Fund, Sequoia India’s Surge, and angel investors from Canva, Vercel & Zoominfo
Company Website: https://www.toplyne.io/
Software Category: PLG (product-led growth)
About the Company: Founded by Rishen Kapoor, Ruchin Kulkarni, and Rohit Khanna, Toplyne is a plug-and-play platform that enables sales teams at PLG (product-led growth) companies to identify and focus on the users and accounts. The company is currently working on its self-serve product and says it has a waiting list of more than 1,000 companies. The company has onboarded several marquee customers including Canva, Grafana, Gather.Town, InVideo, and BrowserStack and is all set to launch a self-serve freemium product within the next quarter to onboard a long list of waitlisted customers. The company has more than doubled from 13 to 30 employees across geographies.