US EditionPublished • loading... • Updated
MoEngage Secures Additional $180 million in Series F Funding; Completes Liquidity Event for Employees & Investors
The $180 million round includes $123 million in secondary sales giving liquidity to 259 employees and early investors while funding AI-driven product and market expansion.
- This year, MoEngage raised $180 million in a Series F follow-on round just over a month after securing $100 million, with about $123 million secondary including a $15 million employee tender for 259 current and former employees.
- MoEngage structured the round as secondary-heavy to provide liquidity, with Dodda saying it 'gives us the opportunity not to have an urgency with regard to going IPO' while aiming for a future public listing.
- Dodda said MoEngage will pour capital into its Merlin AI suite, bundle MoEngage Analytics and MoEngage Inform to raise contract values, and pursue strategic acquisitions in the U.S. and Europe.
- Some early backers sold shares in the secondary transactions, enabling full exits for Eight Roads Ventures, Helion Venture Partners, Matrix Partners, and Ventureast; Vinay Rao cited a roughly 10-times return, while Avendus Capital served as exclusive financial advisor.
- MoEngage expects to be EBITDA-positive this quarter and is targeting 35% compound annual growth, tracking toward $100 million in annualised recurring revenue this year.
Insights by Ground AI
14 Articles
14 Articles
MoEngage closes $280 million Series F after raising additional $180 million led by ChrysCapital, Dragon Funds
The round also included a $15-million employee tender offer and selective secondary transactions for early investors including Eight Roads Ventures, Helion Venture Partners, Z47 and Ventureast.
·India
Read Full Article
MoEngage Raises $180 Mn, Closes Series F Round At $280 Mn
Customer engagement platform MoEngage has raised an additional $180 Mn raise in its Series F round, which was a mix of primary and secondary transactions, led by new investors Chrys Capital, Dragon Funds and Schroders Capital. With this, the startup closed the funding round at $280 Mn. Last month, MoEngage announced raising $100 Mn from existing investor Goldman Sachs Alternatives and new investor A91 Partners. The consumer engagement platform, …
Coverage Details
Total News Sources14
Leaning Left1Leaning Right3Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
13%
C 50%
R 37%
Factuality
To view factuality data please Upgrade to Premium
