- Kajabi, an Irvine, Calif.-based e-commerce platform for entrepreneurs in the knowledge economy, raised $550m in growth equity financing that values the company at over $2 billion
- The round was led by Tiger Global Management with participation from TPG, Tidemark, Owl Rock Capital and Meritech Capital and existing investor Spectrum Equity
- As part of the funding, Scott Wagner, former CEO of GoDaddy and Tidemark Advisor, will also be joining Kajabi’s Board of Directors
- The company also intends to use the funds to intends to continue scaling its team and building products, expand internationally, and explore strategic mergers
- Founded in 2010 and led by CEO Kenny Rueter, Kajabi is a platform for knowledge entrepreneurs to build, market, and sell educational content
- Users can publish, market, and sell online courses, membership sites, communities, and other digital products
