Contentstack bags $80 million in Series C investment led via way of means of Georgian, Insight Partners
- ByStartupStory | November 16, 2022
Content Experience Platform (CXP) Contentstack has raised $80 million in its Series C investment spherically led via the means of B2B SaaS funding company Georgian and Insight Partners. The organization plans to apply the finances to help companies on their direction to composable virtual revel in thru content material, assisting companies meet customer call for thru omnichannel reach, the SaaS company stated in a organized assertion on November 15. Georgian`s Lead Investor Emily Walsh will be part of the Contentstack board together with Contentstack CFO David Overmyer, the assertion stated.
Founded in 2018 via the means of Matthew Baier, Neha Sampat, and Nishant Patel, Contentstack allows organizations, marketers, and builders to supply composable virtual experiences. Its clients encompass ASICS, Chase, Express, Holiday Inn, Icelandair, Mattel, McDonald`s, Mitsubishi, Riot Games and Shell.
Contentstack is likewise a founding father of the MACH Alliance, putting the enterprise schedule for open and composable era this is microservices-primarily based totally, API-first, Cloud-local SaaS, and Headless. “Contentstack turned into incubated in India-primarily based totally Raw Engineering earlier than it turned into spun out to tackle a extra worldwide presence in 2018. Our challenge is to assist and force a large boom withinside the Indian startup ecosystem. Recently sponsoring the NASSCOM Product Conclave helped energize that challenge; you could anticipate extra of that to come,” stated cofounder Patel withinside the assertion. Contentstack essentially automates and streamlines loads of sports throughout technology and providers in actual time. Enterprises can retire high priced legacy content material control systems (CMS). This additionally permits them to free up virtual revel in innovation extra extensively and recognise an extensively more go back on funding, the company stated.
“The organization may even use the finances to keep growing and recruit in Hyderabad, Bengaluru, Pune and Virar-Mumbai,” Patel added. The San Francisco and Pune-primarily based total company raised around $57.five million in its collection B spherical in June of 2021. With the investment, the organization aimed to foray into global geographies just like the EMEA countries. With the brand new spherical investment, the entire capital raised is around $169 million. “Since Contentstack`s Series B in June 2021, its information has brought about a boom in length and scale of use instances as extra companies have followed composable structure in the middle in their virtual strategies,” the company`s assertion stated.
About Contentstack`s body of workers
Since 2021, Contentstack`s body of workers grew to extra than four hundred personnel and drawing near 50,000 customers in 70 worldwide markets.
“We have Doubled the wide variety of clients served and almost tripled ARR, at the same time as preserving a ninety seven percent client retention rate…we’ve got scaled with the biggest worldwide brands – forty two percent with more than $1B in revenue, 35 percent of them are publicly traded. We additionally brought a cloud-agnostic answer helping each AWS and Microsoft Azure withinside the US and Europe,” the assertion stated.
Follow Startup Story
Related Posts
