Sequoia-backed Medallia files to raise $70M at a $1.7B valuation, documents show

Customer experience management platform Medallia has filed to raise up to $70 million in Series F funding, according to regulatory documents obtained by the Prime Unicorn Index. The new shares were priced at $15 apiece, valuing the nearly two-decades-old business at $1.7 billion. We’ve reached out to Medallia for comment. Medallia is expected to finally transition to the public markets in 2019, a year chock-full of high-profile unicorn IPOs.
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