Linear Raises $82 Million In Series C Round Led By Accel At $1.25 Billion Valuation

Linear, a San Francisco-based enterprise software maker founded by Karri Saarinen (who also serves as CEO), recently raised $82 million in a Series C round led by Accel, with participation from 01A, Sequoia, Seven Seven Six, and Designer Fund. The round values the Atlassian rival at $1.25 billion, bringing its total funding to $134.2 million. Linear helps developers manage software bugs, feature requests, and product development, while also offering AI coding assistance. The company has over 15,000 customers, including OpenAI, Scale AI, and Perplexity, and reported a 280% profit growth last year. Saarinen says the funds will be used to expand the product portfolio and attract larger enterprise clients.

INVESTORS: Accel, 01A, Sequoia, Seven Seven Six & Designer Fund

ROUND: Series C AMOUNT: $82,000,000 VALUATION: $1,250,000,000

HQ: #SanFrancisco #California

#VentureCapital #Linear #KarriSaarinen #Accel #01A #Sequoia #SevenSevenSix #DesignerFund #TradedVC