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Aya Lin · · 1 min readIn brief: EDBI invests in enterprise software firm to help it expand to Singapore
WalkMe today announced that Singapore-based EDBI invested a significant amount to help the company expand and localize its digital adoption offering in the Asia Pacific market through the city-state. EDBI joins the US$40 million series F financing round led by Insight Venture Partners and WalkMe’s first institutional investor, Mangrove Capital Partners, bringing the total raised in the round to $50 million. WalkMe has raised to $217.5 million to date.
WalkMe will use Singapore as a strategic hub to work with numerous multinational companies and advance its operations in the region. The company’s transparent overlay assists users to complete tasks easily within any enterprise software, mobile application or website.
Source: Press release
Editing by Terence Lee and Eileen C. Ang
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