SOCi, a San Diego, CA-based provider of a marketing platform for multi-location brands, raised $120M in funding.
The round was led by MI Equity, with participation from Vertical Venture Partners, Blossom Street Ventures, and strategic investor Renew Group Private Limited.
The company intends to use the funds to invest in a line of A.I. marketing products and to expand into new markets.
Led by Afif Khoury, SOCi is a provider of a marketing platform for multi-location brands. The company empowers businesses to scale localized marketing efforts across all digital channels in a way that is brand directed, locally perfected, and data connected. Through the use of advanced AI and machine learning, the platform offers users actionable insights and recommendations while automating time-consuming marketing tasks for hundreds or thousands of business locations. With it, businesses can strengthen their digital presence across local search and social pages, while protecting their online reputation.
SOCi’s platform is used by more than 700 multi-location and enterprise businesses totaling over three million locations.
FinSMEs
07/03/2023