After raising a US$44 round about a year ago, our portfolio company Ada has just raised $130 million in Series C financing at a US$1.2 billion valuation. The round was led by Spark Capital, with participation from Tiger Global. Previous Ada investors Accel, Bessemer, FirstMark, Version One, and Burst also provided financing. The round brings the startup’s total funding to date to US$200 million.

This investment comes on the heels of a record year of growth and the biggest product launch in Ada company history. In 2020, Ada automated more than 1.5 billion customer interactions for hundreds of brands, including Wattpad (a very happy customer for many years). Ada is indispensable in providing high quality, speedy assistance to Wattpad’s 90 million monthly users, 

Two Small Fish Ventures is a proud investor since 2016. Huge congrats to Mike and the Ada team on building a rocket ship!