Israeli startup Walnut announced Tuesday that it has secured $15 million in a Series A round led by Eight Roads Ventures. This round of funding comes only a few months after the company’s $6 million seed round and brings its total sum raised to $21 million in less than a year since the company was founded.
Seed investors included NFX, A Capital, Liquid2, Graph ventures, and leading figures in the tech industry from Google, Wix, HubSpot, GitHub, and others.
Walnut's platform, which operates without the need for programming (no-code), allows sales teams to create customized product demos quickly and efficiently and integrates them into the company's sales and marketing processes. So far, product demonstrations built by hand by in-house teams have not provided the full range of insights that the Walnut platform is capable of producing. Previous demo displays provided a generic and lackluster experience for potential customers.
Walnut was founded by serial entrepreneurs Yoav Vilner and Dani Friedland, and has offices in the United States, London, and Tel Aviv. Today, the company serves over 60 B2B customers, including Adobe, NetApp, Varonis, People AI, and more, thus leading one of the hottest technology categories of the year. The new capital raised is expected to enable hiring and expansion of its offices in the U.S., Europe, and also Israel, as well as continue to develop the broader platform.