Zipwhip, a Seattle, WA-based provider of texting for business, raised $51.5m in Series D funding.
The round was led by Goldman Sachs Private Capital Investing group with participation from current investors OpenView, M12 (formerly Microsoft Ventures) and Voyager Capital. In conjunction with the financing, Matthew Dorr, Vice President in Goldman Sachs’ Private Capital Investing group, will be joining Zipwhip’s board of directors.
The company intends to use the funds to:
– continue to expand its reach in North America,
– support product development to introduce new enterprise-grade software and API capabilities, and
– grow its engineering and leadership teams.
Led by John Lauer, co-founder and CEO, Zipwhip enables companies to communicate with their customers via text messaging. The company first enabled text messaging to and from existing landline, VoIP and toll-free phone numbers in 2014. Its direct network connectivity, cloud-based software and an enterprise-grade API allow businesses to use any computer or mobile device to reach their customers, every time.
Today, over 100 enterprise organizations use Zipwhip. while cultivating valuable partnerships, developing new integrations and expanding its channel presence.