Peak XV Partners, based in India, has spearheaded a $75 million Series E funding round for PostHog, a startup located in San Francisco that specializes in cloud-based product analytics tools, further expanding the firm’s growing collection of international investments.

The most recent assessment places the company's value at $1.4 billion. "We can now confidently elevate our status from unicorn adjacent to full unicorn," co-founder James Hawkins shared on X (formerly Twitter).

Hawkins commented on Peak XV’s involvement in the round, stating, “Selecting Peak XV was centered on the individuals." During each meeting with Shailendra (Singh), he has appeared sincere, enthusiastic, and diligent. Peak quickly demonstrated that they were a pleasure to collaborate with, and upon receiving an offer from them, we believed they were the optimal choice for our continued development. “That’s what truly matters to our users.”

The firm plans to use the recently acquired funds to initiate “Act 2 of PostHog,” which, as per the co-founder, signifies a deeper focus on becoming a developer tool rather than merely an analytics tool.

The company aims to enhance its current tools and incorporate additional ones to gain better insights into product performance.

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“Today, we understand that engineers like you begin work and quickly dive into escalated support tickets, Slack, emails, and anything customers mentioned in the most recent call—often only in the afternoon starting to develop new features,” Hawkins stated. “We aim for you to begin working and instantly view a list of PRs that have been automatically created for you based on everything that has come up since your last login.”

PostHog, supported by YC, was established in 2020 by Tim Glaser and Hawkins. It is a comprehensive, open-source platform for product and web analytics, made to assist engineering and product teams in comprehending user behavior.

Peak XV—one of the largest VC firms in India—has increased its investments in startups beyond India recently. It recently conducted a $48 million Series B funding round in MarqVision, located in LA, and a $15 million round in Hyperbound.

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These investments also follow the firm’s efforts to raise its inaugural fund after its separation from Sequoia Capital, with an anticipated target size of between $1.2 billion and $1.4 billion.

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It is seeking to increase its investments in the US and has brought on former Y Combinator and Blackstone investor Arnav Sahu to direct its US investment approach while still investing in India.