MoEngage, a Bengaluru-based insights-led customer engagement platform, raised $30 million in Series D funding.
The round was led by Steadview Capital, with participation from existing investors Multiples Alternate Asset Management, Eight Roads Ventures, F-Prime Capital, and Matrix Partners.
The new funding will help further accelerate the insights-led customer engagement platform in product innovation and global growth strategy.
Company: MoEngage, Inc.
Raised: $30.0M
Round: Series D
Funding Month: December 2021
Lead Investors: Steadview Capital
Additional Investors: Multiples Alternate Asset Management, Eight Roads Ventures, F-Prime Capital, and Matrix Partners
Company Website: https://www.moengage.com
Software Category: Insights-led customer engagement platform
About the Company: MoEngage is an internet company that features cloud-based marketing services for consumer businesses. It helps companies on campaigns across channels such as in-app messaging, web, and SMS providing machine learning for optimization of customer engagement. In the last 12 months, MoEngage’s Annualised Recurring Revenue (ARR) has grown over 120 percent and onboarded 350 new customers, including enterprise brands such as Domino’s Pizza, CIMB Bank, XL Axiata, IHH Healthcare, The Body Shop as well as digital-first brands like Sharechat, Atom Finance, Policy Bazaar, Payactiv, Byjus, Flipkart Shopsy, and SWVL. The company claims to have scaled rapidly in the last 12 months and has doubled its headcount to 450 employees globally. It recently opened offices in Boston, London, Berlin, and Ho-Chi Minh City.
Source: https://yourstory.com/2021/12/funding-alert-moengage-series-d-steadview-capital/amp