Contentstack secures USD 57.5 million during a Series B funding round
Category: # |   By Pankaj Singh |   Date: 2021-06-10  | 
  • Share
  • Twitter
  • Facebook
  • LinkedIn

Contentstack secures USD 57.5 million during a Series B funding round

Contentstack, a startup that provides a headless content management system, has secured USD 57.5 million in a Series B funding round which was led by American venture capital and private equity firm Insight Partners.

The round also saw the participation of new investor Georgian along with the existing investors such as GingerBread Capital and Illuminate Ventures. Contentstack has managed to raise a total sum of USD 89 million following its recent funding round.

The founder and CEO of Contentstack, Neha Sampat, mentioned that the team has helped various prominent companies in financial services, retail, travel, and gaming sectors to build personalized experiences for their customers to raise revenue, enhance customer satisfaction, and foster customer loyalty.

The fresh investments show that their strategy is succeeding, together with their fundamental beliefs around equality, product innovation, and customer care. The CEO added that Contentstack has delivered exciting results throughout the challenging year and is motivated to continue this growth curve by providing the best CMS platform for a digital-first world.

Contentstack has witnessed a 150% increase in the customer base since October 2019 after closing its USD 31.5 million Series A funding round. Its new customers include Broadcom, HP, Chico’s FAS, Leesa Sleep, La Perla, NBC, and McDonald’s among others.

Recently, Contentstack had also introduced a new user interface for these customers. The company believes that Georgian’s emphasis on AI and machine learning solutions will bring more modern technologies to its content management platform.

A lead investor at Georgian, Emily Walsh was quoted saying that Contentstack, now with access to AI and ML technologies, can achieve operational efficiencies and subsequently boost innovations. The investor further stated that they are eager to assist Contentstack customers leverage AI solutions to achieve business advantages via novel perceptions and automation.

Contentstack intends to utilize its new funding to amplify its investments in AI technologies, further stimulating its international growth and expanding its alliance with its investors as well as clients.

Source Credits:

https://techcrunch.com/2021/06/09/contentstack-raises-57-5m-for-its-headless-content-management-system/

  • share
  • Twitter
  • Facebook
  • LinkedIn


About Author

Pankaj Singh    

Pankaj Singh

With a commendable experience of content creation under his belt, Pankaj Singh, a qualified Post Graduate in Management, boasts of having worked as a freelance writer and an insurance underwriter. Additionally, Pankaj has also enriched his qualification portfolio with...

Read More

More News By Pankaj Singh

Greywing launches Crew Change to support shipping companies amid pandemic
Greywing launches Crew Change to support shipping companies amid pandemic
By Pankaj Singh

Maritime operations automation platform Greywing has recently launched Crew Change, a solution to assist shipping companies in managing testing, isolation, and other Covid-19 related regulations for their crew members. Crew Change uses data from a g...

Mamaearth secures Sofina-led USD 50 Mn funding at USD 730 Mn valuation
Mamaearth secures Sofina-led USD 50 Mn funding at USD 730 Mn valuation
By Pankaj Singh

Popular new-age D2C (direct-to-consumer) personal care brand Mamaearth has reportedly raised USD 50 million in a funding round led by Belgian investment fund Sofina, valuing the company at USD 730 million. The round saw participation from existing i...

Porsche, BASF partner to develop high-performing lithium-ion batteries
Porsche, BASF partner to develop high-performing lithium-ion batteries
By Pankaj Singh

Porsche AG has reportedly partnered with BASF to develop the next generation of lithium-ion batteries, which would be used in future Porsche electric vehicles worldwide. Cellforce Group, a joint venture between Customcells and Porsche, chose BASF as ...