MoEngage raises additional funding of $30 million led by Steadview Capital

Photo Credit: MoEngage

San Francisco-based customer engagement platform MoEngage has raised a $30 million series D funding round led by Steadview Capital, bringing its total capital raised to around $102 million. Existing investors Multiple Alternate Asset Management, Eight Roads Ventures, F-Prime Capital, and Matrix Partners also participated in the round.

This new financing round has come in just six months after its $32 million Series C1 funding at almost double the valuation. 

Founded in 2014 by Raviteja Dodda and Yashwanth Kumar, MoEngage is an “insights-led” customer engagement platform providing customers personalization capabilities across channels, including mobile push, email, SMS, web push, on-site messaging, in-app messaging, cards, and connectors to other technologies. 

The company plans to use the funding to expand its global presence, strengthen its customer support functions, and further invest in its AI engine ‘Sherpa’.

Co-founder and CEO Raviteja Dodda said MoEngage ARR more than doubled in the last 12 months, with an additional 350 new customers and Realized Annualized Net Retention of 140%. It is currently processing more than 1 trillion data points, 50 billion messages, and 1 billion emails per month. 

The company recently opened offices in Boston, London, Berlin, Ho Chi Minh City and have close to 500 employees globally.

Written by Jordan Bevan

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