Tackle, a new unicorn, intends to use the $100 million Series C to boost software sales in the future
Tackle.io, a firm based in Idaho that lets software companies sell through cloud markets like AWS’s, revealed today that it had raised a $100 million Series C fundraising round. Coatue and Andreessen Horowitz co-led the investment, including Bessemer Venture Partners.
The Series C increased Tackle’s total financing to $148 million, making it a unicorn with a $1.25 billion valuation. This sum is described as “a significant increase” from its $35 million Series B, whose valuation wasn’t disclosed when it happened just nine months ago, according to a document released to the press.
Tackle intends to use the new funds to expedite the implementation of its product roadmap, scale its go-to-market (GTM) teams, increase its worldwide presence, and continue to innovate, according to the company. That’s a long list, but with $100 million, it’s achievable.
Dillon Woods, Tackle’s co-founder, and CTO add that he discovered that getting a product onto the AWS marketplace takes several months with a few engineers committed to the effort at previous employment. He noticed that it was the same set of chores each time.
