Kajabi, an Irvine-based online business platform for entrepreneurs, has raised $550 million in a new financing round.
The round values the company at over $2 billion and was led by Tiger Global Management. Additional investors include TPG, Tidemark, Owl Rock Capital and Meritech Capital.
The investment will support product development, team growth and international expansion for the company, it said.
Kajabi, founded in 2010, has generated over $2.5 billion in gross merchandise value with $1 billion generated in the last 12 months alone.