MoEngage Raises $77M in Series E funding

MoEngage

MoEngage, a San Francisco, CA-based provider of a customer engagement platform, raised $77M in Series E funding.

The round was led jointly by Goldman Sachs Asset Management & B Capital. Participants included Eight Roads Ventures, Multiples Alternate Asset Management, Matrix Partners India, Steadview Capital and Steadview Capital.

The company intends to use the funds to deepen its geographic footprint in the U.S., Europe, Asia, and Middle East markets, and expand in new markets like Latin America and Australia, as well as to explore strategic acquisitions that can help extend its platform capabilities and provide more value to customers.

Led by CEO Raviteja Dodda, MoEngage is an insights-led customer engagement platform, used by more than 1,200 global consumer brands such as Ally Financial, McAfee, Flipkart, Domino’s, Nestle, Deutsche Telekom, Travelodge, and more. This solution gives marketers and product owners insight into customer behavior, and allows them the ability to take action on that information to engage customers via the web, email, social and messaging channels.

In the last 12 months, MoEngage has grown its annualized recurring revenue (ARR) by 105%, added 500 new customers, and doubled its headcount to surpass 650 employees across its offices in the U.S., UK, Germany, UAE, India, Indonesia, Singapore, Vietnam, Malaysia, Philippines, and Thailand.

MoEngage powers digital experiences for over 1,000,000 customers monthly by 35 consumer brands from 35 countries.

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