FrontApp Inc is valued at $1.7 billion. Customer communications platform FrontApp has closed a new funding round that values the company at $1.7 billion. The funding round was led by Salesforce Ventures and roughly doubles the company’s valuation. FrontApp offers customer support software used by Lyft, Shopify and Airbnb, among others.
The message is clear: despite a bear market, raising capital in the private market is still possible for high-quality companies that focus on product, price and service. FrontApp’s client relationships and world-class management provided ideal conditions for a successful funding round – a trend we believe will continue in the second half of 2022.
TFC POV: It looks like interest rates will not continue to affect the Dow Jones Index as most quality or standard stocks are in it. The question is how low it will fall and how fast it will recover and who can overcome the downtrend. In a leverage play, margin is the key.