Heap
AcquiredYC W13YC Top CompanySeattle, US · Founded 2013 · Delaware corporation · 388 employees · 15 known investors
Heap provides analytics and data collection tools for growth marketers to optimize digital experiences, track user acquisition channels, measure engagement, and personalize messaging across the conversion funnel.
Also known as Heap Analytics · heap.io
Founders & leadership· Y Combinator alumni (W13)
Heap was founded in 2013 by Matin Movassate and Ravi Parikh.
Board
Investors · 15
Also in the syndicate · 4
Reported raises · per SEC filings
Form D private placements$148.7M disclosed across 3 rounds · 2015–2021
▶$112.6MraisedDec 2021 · 22 investors · Other TechnologyRule 506(b)
- Ravi ViswanathanDirector
- Kenneth FineExecutive Officer, Director
- Matt MurphyDirector
- Michael McGinnDirector
- Steve LoveExecutive Officer
- Matin MovassateDirector
- Offering amount
- $112.6M
- Amount sold
- $112.6M
- First sale
- Nov 2021
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$27MraisedMay 2017 · 6 investors · OtherRule 506(b)
- Matin MovassateExecutive Officer, Director
- Chetan PuttaguntaDirector
- Ravi ParikhExecutive Officer, Director
- Offering amount
- $27M
- Amount sold
- $27M
- First sale
- Apr 2017
- Incorporated
- Corporation, Delaware, 2012
- Federal exemptions
- 06b
▶$9.1MraisedDec 2015 · 21 investors · Other TechnologyRule 506(b)
- Chetan PuttaguntaDirector
- Ravi ParikhDirector
- Matin MovassateExecutive Officer, Director
- Offering amount
- $13.1M
- Amount sold
- $9.1M
- First sale
- Dec 2015
- Incorporated
- Corporation, Delaware, 2012
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Valuation · disclosed
Disclosed eventsSource: SEC prospectus filings, and round valuations the company or its investors disclosed — follow each entry's link for the claim.
Company profile
researched Aug 2026Heap is a digital insights and product analytics platform that automatically captures user interactions with a company's website or application. A single snippet installed on a site or app captures clicks, pageviews, form submissions and change events across platforms without requiring engineering work to tag individual events, producing a dataset the company describes as governed and organized for analysis [0][1][4]. On top of that dataset, Heap layers analysis tooling including charts, dashboards, segments and funnel analyses, plus data-science-driven features marketed as Heap Illuminate, which surface friction points, alternate user paths, effort required to complete flows, and events correlated with conversion and retention [0][1][5][6].
The product also includes integrated session replay for qualitative context on individual user sessions, Heap Connect for joining Heap data with a customer's warehouse or data lake, Sense AI (including a Sense Chat conversational interface) for guided analysis, and Conversational Intelligence, which brings AI-analyzed phone, chat and email interactions into Heap [0][1][3]. Heap advertises over 100 integrations with other tools in the customer's stack and publishes developer APIs for capturing custom events beyond autocapture, managing user identity across sessions and devices, and handling data privacy requirements, with SDKs for web, iOS, Android and React Native [0][1][3][4]. Customer enablement is delivered through Heap University training courses, certifications and webinars, and a documentation and support help center [2][3].
Business model
Heap sells a software-as-a-service analytics platform to businesses, with self-service entry via a free trial alongside a sales-led motion ("Contact Sales") for larger accounts [0][1]. Specific pricing and contract terms are not disclosed in the sources.
Software subscription sold to companies; the sources indicate free-trial and sales-assisted purchase paths but do not disclose pricing tiers or revenue figures [0][1].
Traction
Heap's website states it is used by over 10,000 companies [0][1]; at the time of the December 2021 Series D announcement the company cited over 8,000 businesses as customers and triple-digit growth [5]. Published customer results include Curaytor raising its NPS 72% and retaining 80% of at-risk clients, PocketSuite doubling onboarding-funnel conversion and paying customers, and Boardable seeing a 200% increase in successful sign-ups and 40% higher trial-to-paid conversion [6].
Latest developments
Heap has joined forces with Contentsquare, with the combined offering positioned around automatically capturing every user interaction to improve conversion and retention [0][1]; Heap University now references training from "Contentsquare Experts" [2]. Recent product additions include Sense AI and Sense Chat for conversational, low-onboarding analytics, integrated session replay, and Conversational Intelligence for bringing AI-analyzed phone, chat and email interactions into Heap; an AI CoPilot open beta was also announced [0][1][3][6].
▸Full profile — market position, technology, go-to-market, geography, history
Market position
Described in company and trade-press materials as a digital insights/digital analytics platform competing in the product and digital analytics category; the company said it saw triple-digit growth in the year preceding its Series D and was named Snowflake's FY2021 Data Marketplace Partner of the Year [5][7].
Heap positions itself against analytics tools that rely on manual event tagging and engineering effort, arguing that manual instrumentation produces incomplete data and blind spots. Its stated differentiators are automatic capture of the full digital dataset, data-science-driven automatic surfacing of insights rather than only manual querying, and the combination of quantitative analytics with qualitative session replay in one platform [0][1][6].
Technology
Autocapture-based data collection: one JavaScript snippet or mobile SDK records client-side interactions (clicks, pageviews, form submissions, change events) retroactively across platforms, with server-side and API-based capture available for custom events and identity management. A data science layer (Heap Illuminate) analyzes the complete dataset to surface friction, journey maps and correlated events; session replay adds qualitative session-level context; Heap Connect pipes data to warehouses/data lakes; Sense AI applies AI to guide analysis [0][1][3][4][5][6].
Go-to-market
Combination of self-service free trial and direct enterprise sales, supported by content marketing (guides, reports such as the Digital Experience Insights report), customer case studies, a partner ecosystem and integrations, and educational programs via Heap University webinars and certification [0][1][2][5][6].
Digital and product teams — product managers, product builders, growth marketers, analysts and analytics teams — at companies operating websites and digital products; case studies cited include Huel, LendingClub, Curaytor, PocketSuite and Boardable [0][1][5][6].
Geography
Trade press covering the Series D described Heap as San Francisco-based, and the funding was intended in part to scale the company's global operations [5][7].
History
In 2021 Heap released Heap Illuminate, a data-science-powered analysis suite, followed by Journey Maps as an addition to Illuminate, and published a Digital Experience Insights report finding that 84% of funnel analyses deliver misleading data. The same year the company appointed Rachel Obstler as EVP of Product, Ahmed Quadri as Chief Customer Officer, Sean Andrew as Chief Revenue Officer and Steve Love as Chief Financial Officer, and in December 2021, under CEO Ken Fine, closed a $110m Series D at a $960m valuation bringing total capital raised to $205m [5][6][7]. Heap subsequently joined Contentsquare [0][1][2].
Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Founder mafia
3 people who came through Heap went on to found or lead other companies.
Competitors · 10
by search overlapCompanies competing with Heap for the same Google search keywords, organic and paid, via search-intersection analysis.
Timeline · 7
launches, deals, and filingsHeap's website states that Heap has joined forces with Contentsquare, combining automatic capture of user interactions; Heap University training references Contentsquare Experts.
Heap announced a $110 million Series D at a $960 million valuation, led by Sixth Street Growth with new investment from the Growth Equity business within Goldman Sachs Asset Management; both received board representation. Existing investors NewView Capital, Menlo Ventures, DTCP, Triangle Peak Partners, Alliance Bernstein Private Credit Investors, Maverick Ventures and The Private Shares Fund participated. Total capital raised stated as $205 million.
$110M source ↗
Heap announced the appointments of Rachel Obstler as EVP of Product, Ahmed Quadri as Chief Customer Officer, Sean Andrew as Chief Revenue Officer, and Steve Love as Chief Financial Officer. Ken Fine is identified as CEO.
Alongside publication of its Digital Experience Insights report (finding 84% of funnel analyses deliver misleading data), Heap announced Journey Maps, an addition to Heap Illuminate that surfaces unseen user behavior and suggests actions.
Heap released Heap Illuminate, a data-science-powered suite that automatically surfaces high-impact insights about user behavior from Heap's autocaptured behavioral dataset.
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
Legal entities · 1
corporate structureIn the news
Pulling Back the Curtain on the Heapyoutube.com · Jun 2022
Heap (YC W13) Raises $27M Series Bblog.heapanalytics.com · May 2017
Fast rising user analytics startup Heap raises 27M to take on Googlesiliconangle.com · May 2017▸Research sources · 8
primary sources listed
- Heapheap.io · web
8 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Heap do?
- Heap is a digital insights platform that autocaptures user interactions on web and mobile to power product analytics.
- Who founded Heap?
- Heap was founded by Matin Movassate, Ravi Parikh in 2013.
- Who are Heap's investors?
- Heap's investors include Menlo Ventures, New Enterprise Associates (NEA), NewView Capital, Sixth Street, SLVC, Triangle Peak Partners, Y Combinator, Initialized Capital and 3 more.
- How much funding has Heap raised?
- Heap has disclosed $148.7M raised across 3 rounds.
- Where is Heap headquartered?
- Heap is headquartered in Seattle, US.










