Hellman & Friedman leads Sprinklr $200M growth at $2.7B (Sep 2020)

In September 2020, New York–based customer-experience management software company Sprinklr raised $200 million from Hellman & Friedman at a $2.7 billion valuation. Sprinklr also secured up to $150 million in convertible securities from Sixth Street Growth. Dealroom records the equity check as GROWTH EQUITY VC with Hellman & Friedman as lead. Sprinklr later IPO’d in June 2021.

Sprinklr provides enterprise CXM / social and digital customer-experience software. This was a pre-IPO growth PE investment from H&F into a U.S. software platform — not a take-private. The company is now public (CXM); H&F’s residual stake status should be treated as time-varying.

Source: Sprinklr — $200M at $2.7B valuation: https://www.sprinklr.com/newsroom/sprinklr-raises-200-million-at-2-7-billion-valuation/
Business Wire — Sprinklr H&F funding: https://www.businesswire.com/news/home/20200909005490/en/Sprinklr-Raises-200-Million-at-2.7-Billion-Valuation
Hellman & Friedman — Sprinklr announcement: https://hf.com/sprinklr-raises-200-million-at-2-7-billion-valuation/