Instabase raises $105M

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Instabase, a platform company for business applications, has raised $105 million in Series B funding. The investment was led by Index Ventures, with participation from existing investors Greylock Partners, New Enterprise Associates (NEA), and Andreessen Horowitz.

Additional participating investors include Spark Capital, Tribe Capital, SC Ventures, and Glynn Capital.

Instabase has raised $132 million to date, with a roughly $1 billion valuation, according to the company.

[Image courtesy: Instabase]