Gainsight, a company that makes software for customer retention and tracking, has raised $50 million in a funding round led by venture capital firm Insight Venture Partners.
The funding round, which also included Battery Ventures, Bain Capital Ventures and Bessemer Venture Partners, among others, puts Gainsight’s value at $400 million.
The company, which is now headquartered in Redwood City, Calif., was founded by St. Louis entrepreneur Jim Eberlin in 2009. The company maintains a St. Louis-area office, which it recently moved to Town and Country.
Early investors in Gainsight include Cultivation Capital, the St. Louis Arch Angels, Capital Innovators and the Missouri Technology Corp.