Funding primer: How Dan Adika raised $217M in 6 rounds2 min read

Dan adika.001

On this week’s episode of the SaaS Revolution Show, we host Dan Adika, CEO and Co-Founder of WalkMe about how he has raised the whopping $217 million in the past 7 years.

Dan follows a somewhat familiar path that has bread many excellent Israeli entrepreneurs. He spent 6 years working for tech unit of the Israeli Defence Forces. He then had a year in HP, before realizing that to truly follow his passion for making things, improving them, all the while solving some thorny problems, he had to build his own company. In 2011 Dan did just that. Together with his co-founders Eyal Cohen and Rephael Sweary they started WalkMe.

In February 2012, the three raised their first round of funding that wasn’t coming from friends and family. There were no customers at the time but there was a dream, a bold one – allow people to “walk” the digital world, the way they did the physical one. That bold dream would not always be enough to convince funders but for those times, Dan and his co-founders learned the art of metrics, benchmarks and the data that matters, and have gone through six funding rounds, which have all been very different. How have they done it each time? That’s the topic of our conversation today.

Listen on to hear:

  • What are the key things to understand as a founder if you want to go on the funding path?
  • How they managed to raise their most pivotal Series round C when everyone was saying no to them?
  • The art of showing the right data to investors?

Dan Adika will be joining us at SaaStock West Coast on September 11th, where he will be sharing how he has grown WalkMe to 800 employees and $100m+ ARR and the mistakes he has made when it comes to hiring and culture. He will be joined by a roster of spectacular speakers such as Dan Martel, Nathan Latka, Leela Srinivasan, Sarika Garg that will be providing actionable lessons for growth stage saas companies on how to scale. Check out the full list of speakers and what you can expect to learn from them on our blog. We have very few tickets remaining for SaaStock West Coast so be sure to grab yours now.

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