Customer engagement startup MoEngage raised $30 million in Series D led by Steadview Capital where existing investors including Multiples Alternate Asset Management, Eight Roads Ventures, F-Prime Capital, and Matrix Partners, also participated.
MoEngage is a customer engagement platform with offices in Bengaluru, Jakarta, London, and Berlin. It is headquartered in San Francisco, California, USA. MoEngage has 1,000 clients in 35 countries, including Ally Financial, McAfee, Flipkart, Domino's, Nestle, Deutsche Telekom, and Travelodge. The funds will be used to strengthen the company's technology and accelerate its growth. It recently opened offices in Boston, London, Berlin, and Ho Chi Minh City, and it plans to continue investing and hiring approximately 250 people by 2022. Annualized recurring revenue (ARR) has increased by more than 120% in the last year.