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.
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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.
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