CleverTap, a Mountain View, CA-based modern, integrated retention cloud that empowers digital consumer brands to increase customer retention and lifetime value, announced that it raised $105 million in Series D funding.
The round was led by CDPQ, with participation from IIFL AMC’s Tech Fund, along with existing investors Tiger Global and Sequoia India.
CleverTap Series D fund intends use to grow its teams and build capabilities to serve its customers better, scaling its presence across the globe, and forging ecosystem collaborations.
Company: WizRocket Inc.
Raised: $105M
Round: Series D
Funding Month: Aug 2022
Lead Investors: CDPQ
Additional Investors: IIFL AMC’s Tech Fund, Tiger Global, and Sequoia India
Company Website: https://clevertap.com/
Software Category: Customer Engagement and Retention platform
About the Company: Founded in 2013 by Sunil Thomas, Suresh Kondamudi, and Anand Jain, CleverTap is the modern, integrated retention cloud that empowers digital consumer brands to increase customer retention and lifetime value. CleverTap drives contextual individualization with the help of a unified and deep data layer, AI/ML-powered insights, and automation enabling brands to offer hyper-personalized and delightful experiences to their customers. 1,200 brands in 100 countries and 10,000 apps, including Gojek, ShopX, Canon, Electronic Arts, TED, Premier League, TD Bank, Carousell, Papa John’s, and Tesco, trust CleverTap to achieve their retention and engagement goals, growing their long-term revenue. CleverTap is on a mission to help you build valuable, long-term relationships with your customers
Source: https://clevertap.com/blog/series-d-growth/