Skipper

MoEngage completes $30m funding round

David Murphy

Customer engagement platform MoEngage has completed a $30m funding round. The round was led by new investor Steadview Capital, with participation from the company’s existing investors, Multiples Alternate Asset Management, Eight Roads Ventures, F-Prime Capital, and Matrix Partners. This latest round comes four months after the company’s Series C1, in which it raised an additional $32.5m and brings the total amount invested in the company to over $100m.

MoEngage said it will use the funds to continue to strengthen the product's AI and predictive capabilities, while accelerating its global growth strategy. The company has surpassed 450 employees and recently opened offices in Boston, the UK, Germany, and Vietnam.

MoEngage continues to invest in AI, insights, and cross-channel marketing solutions to empower brands to gain greater intelligence and scale their campaigns with advanced optimization. Customers can easily analyze audience insights and then act on those insights to engage consumers with contextual communications in the moment, at every touchpoint across their lifecycle.   

"From the beginning, MoEngage has been focused on helping our customers overcome key challenges to deliver the best possible customer experience,” said MoEngage Co-founder and CEO, Raviteja Dodda. “This latest round of funding is a testament to our investments in product innovation and customer success. We’re pleased to welcome Steadview Capital as a new investor, and we’re excited to invest further in delivering continuous value for our customers.”