ChartMogul has successfully raised significant funding over multiple rounds, establishing itself as a key player in the B2B SaaS analytics space. The platform offers robust CRM and subscription analytics designed to drive growth for businesses.
Keep reading to delve into the details of ChartMogul's funding journey and the investors who support this innovative platform.
What Is ChartMogul?
ChartMogul, founded in 2014, is headquartered in Berlin, Germany. The company was established by Nick Franklin, who previously worked at Zendesk.
ChartMogul specializes in providing CRM and subscription analytics solutions tailored for B2B SaaS businesses. Their platform helps companies boost sales and accelerate growth through detailed subscription insights.
With a team of over 50 employees, ChartMogul serves more than 2,500 SaaS businesses worldwide, offering tools to track sales performance, measure SaaS metrics, and uncover growth opportunities.
How Much Funding Has ChartMogul Raised?
- Amount Raised: $600,000 Date: January 2015 Lead Investors: Point Nine Capital Motivation Behind the Round: To develop a dedicated tool for measuring recurring revenue in the subscription economy, integrating with multiple billing systems, and productizing a KPI dashboard for early-stage SaaS.
- Amount Raised: $900,000 Date: August 25, 2015 Lead Investors: Point Nine Capital Motivation Behind the Round: To accelerate product development, including providing analytics for PayPal, and to support an ambitious roadmap that includes new API releases and hiring for customer success and marketing teams.
- Amount Raised: $2.2 million Date: November 6, 2017 Lead Investors: Alven Capital Motivation Behind the Round: The funding is intended to hire more people, open an office in the U.S., and launch new features for the ChartMogul platform.
Total Amount Raised: $3.7 million
Current Valuation: $20 million (~estimated)
Key Investors
- Alven Capital
- Details: Alven Capital is a venture capital firm based in Paris, France. They focus on early-stage investments in technology companies.
- Investment Focus Areas: SaaS, e-commerce, fintech
- Notable Investments: Dataiku, Algolia, Drivy
- Point Nine Capital
- Details: Point Nine Capital is a Berlin-based venture capital firm specializing in early-stage investments. They have a strong track record in SaaS and online marketplaces.
- Investment Focus Areas: SaaS, online marketplaces, fintech
- Notable Investments: Zendesk, Delivery Hero, Revolut
- RTAventures VC
- Details: RTAventures VC is a venture capital firm that invests in technology and healthcare sectors. They are known for their strategic support to portfolio companies.
- Investment Focus Areas: Technology, healthcare, SaaS
- Notable Investments: DocPlanner, Brainly
- Alexander Aghassipour
- Details: Alexander Aghassipour is the cofounder and chief product officer of Zendesk. He is an experienced entrepreneur and angel investor.
- Investment Focus Areas: Technology, SaaS, customer service
- Notable Investments: Zendesk
- Michael Hansen
- Details: Michael Hansen is an angel investor with a background in technology startups. He has been involved in several early-stage investments.
- Investment Focus Areas: Technology, SaaS, startups
- Notable Investments: Zendesk
What's Next for ChartMogul?
ChartMogul stands at the cusp of significant growth opportunities, driven by the increasing adoption of subscription-based business models. The company's comprehensive financial dashboard, which integrates with various payment services, positions it well to capitalize on the growing demand for advanced analytics in the SaaS industry. As the subscription economy expands, ChartMogul's ability to provide detailed insights and customer segmentation will be crucial for businesses looking to optimize their revenue streams.
To support this growth, ChartMogul may seek additional funding to expand its market presence, particularly in the U.S., and to enhance its product offerings. The successful integration with major payment services and the development of new features could attract further investment, enabling the company to scale its operations and improve customer support. However, ChartMogul will need to navigate challenges such as competition from other analytics platforms, ensuring seamless integration with diverse data sources, and maintaining data security and accuracy.
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