Deals
Startup Gong Seeks New Funds at Above $7 Billion Value
- Gong’s new financing round is led by Franklin Templeton
- Startup’s new valuation could more than triple last year’s
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Gong.io Ltd., a startup that develops software used by sales teams, is in talks to raise financing that could value it at more than $7 billion, according to people familiar with the matter.
The new round of funding will be led by Franklin Templeton, said the people, who asked not to be identified as the information is private. If successful, it would more than triple the startup’s valuation from the $2.2 billion that it achieved in a $200 million round last year.