Heap Raises $110M in Series D Funding At $960M Valuation


Heap, a San Francisco, CA-based digital insights platform, closed a $110m Series D funding round at a $960 million valuation.

The round, which brought total funding raised to date to $205m, was led by Sixth Street Growth with participation from the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs), as well as existing investors NewView Capital, Menlo Ventures, DTCP, Triangle Peak Partners, Alliance Bernstein Private Credit Investors, Maverick Ventures, and The Private Shares Fund. Sixth Street and Goldman will both receive representation on Heap’s board of directors.

The company intends to use the funds to scale global operations and accelerate research and development of its digital analytics platform for product builders, growth marketers, and fast-moving analytics teams.

The company intends to use the funds to expand operations and enhance product innovation.

Led by Ken Fine, CEO, Heap is the premier system of insight for digital experience builders. Its mission is to illuminate hidden opportunities for fast-moving digital teams to improve the customer experience, to increase revenue, improve conversion, accelerate decision-making, and drive business impact at scale, Over 8,000 businesses currently use the platform.

The company also announced a series of key executive appointments including:

  • Rachel Obstler as EVP of Product,
  • Ahmed Quadri as Chief Customer Officer,
  • Sean Andrew as Chief Revenue Officer, and
  • Steve Love as Chief Financial Officer.