MoEngage, a San Francisco CA-based company customer engagement platform provider, raised $32.5M in funding.
The round was led by Multiples Alternate Asset Management with participation from Eight Roads Ventures, F-Prime Capital and Matrix Partners.
The company intends to use the funds to accelerate its global growth strategy and further strengthen the product’s AI and predictive capabilities.
Led by Raviteja Dodda, Co-Founder and CEO, MoEngage provides an insights-led customer engagement platform for marketers and product owners to get insights into customer behavior and the ability to act on those insights to engage customers across the web, mobile, email, social and messaging channels. Consumer brands including large brands such as McAfee, Nestle, Domino’s, Deutsche Telekom, Travelodge, Ally Financial, Byju’s, Flipkart, CIMB Bank and JD.ID across 35 countries use MoEngage to power digital experiences for over 900 million users every month.
As part of this funding round, MoEngage also completed an Employee Stock Option Plan (ESOP) buyback of $1.5 million for its current and former employees