Clickatell, a Redwood City, California-based CPaaS innovator and Chat Commerce leader, announced that it secured $91 million in the Series C round.
This round was led by Arrowroot Capital, with participation from Kennedy Lewis Investment Management, Endeavor Global, and Harvest.
Clickatell, which has delivered double-digit profitable growth for several years, will use the Series C capital to scale and expand three key areas: (i) Accelerated development and innovation of the Chat Commerce offering, (ii) Expansion of its footprint in the U.S., and (iii) Scaling of sales and marketing efforts on the back of growing demand from leading brands.
Company: Clickatell, Inc.
Raised: $91.0M
Round: Series C
Funding Month: February 2022
Lead Investors: Arrowroot Capital
Additional Investors: Kennedy Lewis Investment Management, Endeavor Global, and Harvest
Company Website: https://www.clickatell.com/
Software Category: Chat Commerce Platform
About the Company: Clickatell is the global Chat Commerce leader powering businesses to connect, interact, and transact with consumers anytime, anywhere in chat. The low / no-code, feature-rich Chat Commerce Platform sits at the intersection of communications (CPaaS, CCaaS) and commerce (digital payments). Clickatell serves over 10,000 customers, many of which are Fortune 500 companies and leading global brands activating their digital commerce transformations. Clickatell's platform has been recognized as a global leader in powering mobile messaging / CPaaS (Communications Platform as a Service) and payments within the chat. Clickatell processed more than 30 billion interactions, and 2 billion commerce transactions during the COVID-19 period alone as it enabled customer-centric brands to connect, interact and transact with their customers wherever they were sheltering in place during the pandemic. Clickatell is headquartered in Silicon Valley, CA, and has offices in Canada, South Africa, and Nigeria.
Source: https://www.prnewswire.com/news-releases/clickatell-a-global-leader-in-chat-commerce-secures-91-million-in-oversubscribed-series-c-funding-for-us-expansion-and-product-acceleration-301487263.html