General Atlantic, Lead Edge Bet on Nerdio at $1.2 Billion Valuation
- StepStone also agreed to participate in equity funding round
- Customers include Chevron, Kraft Heinz, Willis Towers Watson
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General Atlantic has agreed to lead a $500 million equity round in Nerdio, a software company that seeks to make remote work easier to manage for IT professionals.
Lead Edge Capital and StepStone Group Inc. have also agreed to participate in the agreed-upon transaction, Chief Executive Officer Vadim Vladimirskiy said in an interview. The transaction values Chicago-based Nerdio at $1.2 billion, quadruple the $300 million that the company was valued at in a round announced in December 2022, according to people with knowledge of the matter, who asked not to be identified discussing private information.