MoEngage, a customer engagement platform with significant operations in Southeast Asia, has announced that it has secured $32.5 Million in a Series C extension round, led by private equity firm Multiples Alternate Asset Management. Existing investors Eight Roads Ventures, F-Prime Capital, and Matrix Partners also participated in the round.
The company will use the fresh capital to accelerate its global growth strategies and product innovation. In addition, MoEngage also intends to improve the AI and predictive capabilities of its platform.
Company: MoEngage, Inc.
Round: Series C
Funding Month: August 2021
Lead Investors: Multiples Alternate Asset Management and Eight Roads Ventures
Additional Investors: F-Prime Capital, and Matrix Partners
Company Website: https://www.moengage.com
Software Category: a 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.