Insight Partners Leads Series B investment in SEDNA

July 27, 2021

Willkie advised Insight Partners in the transaction.

On July 26, smart communication software provider, SEDNA, announced the closing of a $34 million funding round led by Insight Partners with the participation of Series A investors Stride.VC, Chalfen Ventures and the SAP.iO fund.

SEDNA is a fast growing start-up that has developed an intelligent communications system that serves as the primary digital workspace for high-performance teams. The systems unifies emails, chat messages, data, and documentation to empower corporations to work more efficiently and collaboratively. The investment will enable SEDNA to expand its investment in the global supply chain space and increase new verticals, whilst also developing its product, data science, and go-to market functions. SEDNA’s goal is to become the leading intelligent communication system, targeting markets such as B2B SaaS, business banking, settlement, claims, treasury, and risk management.

Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments.

The Willkie team was led by partners Matthew Haddad and Philip Coletto and included associates Julian Grant and Victoria Swann.