USA – MoEngage, a San Francisco, CA-based provider of a customer engagement platform, raised $77M in Series E funding.
The round was led by Goldman Sachs Asset Management and B Capital, with participation from Steadview Capital, Multiples Alternate Asset Management, Eight Roads Ventures, and Matrix Partners India.The company intends to use the funds to deepen its geographic footprint in the U.S., Europe, Asia, and Middle East markets, and expand in new markets like Latin America and Australia, as well as to explore strategic acquisitions that can help extend its platform capabilities and provide more value to customers.Led by CEO Raviteja Dodda, MoEngage is an insights-led customer engagement platform, used by more than 1,200 global consumer brands such as Ally Financial, McAfee, Flipkart, Domino’s, Nestle, Deutsche Telekom, Travelodge, and more. The solution empowers marketers and product owners with insights into customer behavior and the ability to act on those insights to engage customers across the web, mobile, email, social, and messaging channels.In the last 12 months, MoEngage has grown its annualized recurring revenue (ARR) by 105%, added 500 new customers, and doubled its headcount to surpass 650 employees across its offices in the U.S., UK, Germany, UAE, India, Indonesia, Singapore, Vietnam, Malaysia, Philippines, and Thailand.Consumer brands across 35 countries use MoEngage to power digital experiences for over 1 billion customers every month.02/06/2022
