The company raised $1.55 billion through its IPO, making it the largest public debut of a Utah-based company. The amount raised by Qualtrics is more than double the amount raised by the second-largest IPO in Utah history, EnergySolutions’ $690 million IPO in 2007.
Qualtrics originally raised more than $400 million in funding as a startup from investors including Accel and Sequoia Capital. Its last fundraise was a $180 million Series C round led by Accel and Insight Partners in April 2017, according to Crunchbase. The company first raised venture capital after being around for about a decade, with a $70 million Series A in May 2012.
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