Porter raises $200 milion in Series F

Porter has raised $200 million in its Series F funding round. The round was led by Kedaara Capital and Wellington Management, along with the participation of existing investor Vitruvian Partners. The deal involved both primary and secondary transactions. Reportedly, $50-80 million is a primary investment, and $120-150 million comprises secondary exits of existing investors. The process from the raise is planned to be utilised for geographic expansion and increasing the partner network to over 1 million. The fresh capital infusion now values the company at $1.2 billion.