MoEngage, a customer engagement platform, has raised Series D funding of $30 million, at two times the valuation from Series C1 investment of $32.5 million in July.
This round was led by Steadview Capital, with participation from the company’s existing investors, Multiples Alternate Asset Management, Eight Roads Ventures, F-Prime Capital, and Matrix Partners.
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Additional capital is also used to increase growth. The company has scaled rapidly in the past 12 months and has doubled its headcount to 450 employees globally. It recently opened offices in Boston, London, Berlin and Ho-Chi Minh City. It will continue to invest in growing its team, the partner ecosystem and its community programme.
“Our vision is to create the most trusted customer engagement platform that enables brands to personalize every customer interaction,” said Raviteja Dodda, co-founder and CEO of MoEngage. “This growth and funding is a validation of our vision and product innovation – particularly, Sherpa, our AI Engine, has been a game-changer. We are excited to welcome Steadview Capital and look forward to working with them.”