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Newly Minted Unicorn Tackle Plans To Use $100 Million Series C To Accelerate The Future Of Software Sales

Newly Minted Unicorn Tackle Plans To Use $100 Million Series C To Accelerate The Future Of Software Sales

12/21/21, 1:04 PM
Money raised
$100 million
Industry
mobile
software
Round Type
series c
Tackle.io, an Idaho-based startup that helps software companies sell through cloud marketplaces such as AWS’s, announced today it has raised a $100 million Series C funding round. Co-led by Coatue and Andreessen Horowitz, the round also counted with participation from Bessemer Venture Partners.

Company Info

Company
Tackle
Additional Info
The VC firm has backed Tackle since its seed round, and led its $7.25 million Series A round in 2020, with partner Michael Droesch joining the startup’s board at that time. “This has been a tremendous year for Tackle,” said CEO John Jahnke, as the company now “expects to see explosive growth” in 2022. One thing that will grow for sure is its team: It increased from 56 to 160 employees this year, and the startup is planning to double its headcount in 2022 Tackle says it plans to use its new funding to accelerate the execution of its product roadmap, scale its go-to-market (GTM) teams, expand its global reach, and continue to innovate. Tackle’s co-founder and CTO “Dillon Woods says that at previous jobs, he found that it took several months with a couple of engineers dedicated to the task to get a product onto the AWS marketplace, and he noticed that it was a similar set of tasks each time.”Tackle solved that by coming up with a solution for independent software vendors (ISVs) to list onto major cloud marketplaces: those of Amazon’s AWS, Microsoft’s Azure, Google Cloud Platform, and IBM-owned Red Hat. At the time, Casado referred to Tackle having more than 200 customers, but that number has now grown to 350, according to the company. “Tackle is the leading player for enabling companies to sell software through the cloud,” he said. “We believe Tackle is well-positioned to help all sellers accelerate their shift toward Cloud Marketplaces and digital selling,” said Coatue general partner David Schneider, who will join Tackle’s board as an observer following the round.