Frontegg, a Tel Aviv - based leading user management platform for B2B apps, has announced that it raised $40 million in series B funding.
The round was co-led by Stripes and global software investor Insight Partners. This follows last December’s $25M Series A and brings the total amount raised from leading VCs including Pitango First, Global Founders Capital, and i3 Equity, to $70M.
Frontegg will use the funding to expand its product offerings and invest in infrastructure, as well as scale its R&D and go-to-market teams in Tel Aviv and the San Francisco Bay Area.
Company: Frontegg
Raised: $40.0M
Round: Series B
Funding Month: July 2022
Lead Investors: Stripes and global software investor Insight Partners
Additional Investors:
Company Website: https://frontegg.com/
Software Category: User management platform
About the Company: Frontegg is a user management platform, designed for the Product-Led Growth (PLG) era. Frontegg provides blazing-fast integration of a powerful user infrastructure, designed to handle modern application use-cases. Frontegg platform supports app builders by covering all the way from fundamental authentication flows to the most advanced capabilities such as complex organizational structures (multi-tenancy), fine-grained authorization, API-token management, and self-service admin portal for end-users, subscription enforcement, single-sign-on (SSO), and much more. Frontegg is a user management platform, designed for the Product-Led Growth (PLG) era. Frontegg provides blazing-fast integration of a powerful user infrastructure, designed to handle modern application use-cases.
Source: https://sdtimes.com/frontegg-raises-40m-to-solve-user-management-for-b2b-saas/