MoEngage, an India based -Customer engagement platform, announced raised $77 million in Series E funding,

The round was led by Goldman Sachs Asset Management and B Capital. MoEngage’s existing investors Steadview Capital, Multiples Alternate Asset Management, Eight Roads Ventures, and Matrix Partners India also participated in the latest funding.

MoEngage uses the additional funds to deepen its geographic footprint in the US, Europe, Asia, and Middle-East markets and will also expand in new markets like Latin America and Australia. The company will also use the funds to explore strategic acquisitions and scale up its research capabilities.

Company: MOENGAGE INDIA PRIVATE LIMITED

Raised: $77.0M

Round: Series E

Funding Month: June 2022

Lead Investors: Goldman Sachs Asset Management and B Capital

Additional Investors: Steadview Capital, Multiples Alternate Asset Management, Eight Roads Ventures, Matrix Partners 

Company Website: https://www.moengage.com/

Software Category: 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 app messaging, web, and SMS providing machine learning for optimization of customer engagement.

Source: https://www.businesstoday.in/latest/corporate/story/moengage-raises-77-mn-in-funding-led-by-goldman-sachs-and-b-capital-336000-2022-06-01