Total amount raised
$11.8 Millions
Latest funding date
2/1/2018
Location
Mixmax has successfully raised funding through multiple rounds, with notable investors including Teamworthy Ventures and SaaStr Fund. The platform offers a comprehensive suite of sales engagement tools designed to enhance productivity and streamline sales processes.
Keep reading to explore the intricacies of Mixmax's fundraising journey and the investors backing this innovative platform.
What Is Mixmax?
Mixmax, founded on June 1, 2014, is headquartered in San Francisco, California. The company was established by Brad Vogel, Chanpory Rith, and Olof Mathé.
Mixmax offers a sales engagement platform designed to help sales and customer success teams accelerate revenue at every stage of the customer journey. The platform integrates with email clients like Gmail and Outlook, providing tools for email tracking, meeting scheduling, and workflow automation.
With a team of 101-250 employees, Mixmax continues to innovate in the sales engagement space, helping businesses streamline their sales processes and enhance productivity.
How Much Funding Has Mixmax Raised?
- Seed Round
- Amount Raised: $3M
- Date: April 2015
- Lead Investors: Harrison Metal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and build the core team.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product features and support early customer acquisition.
- Series A
- Amount Raised: $10.4M
- Date: February 2018
- Lead Investors: Creandum, Jason Lemkin
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow the team, add support for new platforms, and accelerate growth.
Total Amount Raised: $13.4M. Current Valuation: Not publicly disclosed.
Key Investors
- Creandum
- Details: Creandum is a leading European venture capital firm that invests in early-stage technology companies. The firm has a strong track record of supporting startups through their growth phases.
- Investment Focus Areas: Technology, SaaS, Fintech
- Notable Investments: Spotify, iZettle, Klarna
- SaaStr Fund
- Details: Founded by Jason Lemkin, SaaStr is a community and venture fund focused on SaaS (Software as a Service) companies. The fund provides resources and support for SaaS founders and entrepreneurs.
- Investment Focus Areas: SaaS, Enterprise Software, Cloud Computing
- Notable Investments: Not explicitly mentioned
- Harrison Metal
- Details: Harrison Metal is a seed-stage venture capital firm founded by Michael Dearing. The firm is known for its hands-on approach to helping startups grow.
- Investment Focus Areas: Seed-stage Technology, Consumer Internet, Enterprise Software
- Notable Investments: AdMob, Heroku, Birchbox
- Floodgate
- Details: Floodgate is a venture capital firm that invests in early-stage technology companies. The firm is known for its focus on transformative startups.
- Investment Focus Areas: Early-stage Technology, Consumer Internet, SaaS
- Notable Investments: Twitter, Lyft, Okta
- Teamworthy Ventures
- Details: Teamworthy Ventures is a venture capital firm that partners with technology companies to help them scale. The firm focuses on long-term growth and sustainability.
- Investment Focus Areas: Technology, SaaS, Fintech
- Notable Investments: Not explicitly mentioned
What's Next for Mixmax?
Mixmax is poised to capitalize on the growing demand for productivity tools that integrate seamlessly with email. With plans to expand its team, support new platforms like Outlook and Exchange, and launch a mobile interface, the company is well-positioned to enhance its offerings and reach a broader audience. The potential to expand into larger enterprises and introduce new features presents a significant growth opportunity.
Future fundraising efforts may be on the horizon as Mixmax continues to scale and innovate. However, the company will need to navigate challenges such as competition from other email productivity tools and integration issues with new platforms. Maintaining high customer satisfaction and meeting user expectations will be crucial as Mixmax grows.
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