Total amount raised
$1.3 Billion
Latest funding date
4/1/2022
Location
Movable Ink has successfully raised significant funding through multiple rounds, with the latest being a Series D round. The company specializes in transforming data into personalized content, enhancing customer engagement through innovative marketing solutions.
Keep reading to explore the intricacies of Movable Ink's fundraising journey and the investors backing this dynamic platform.
What Is Movable Ink?
Movable Ink, founded in 2010 by Michael Nutt and Vivek Sharma, is headquartered in New York, New York. The company specializes in transforming data into personalized content for customer engagement across email, web, and mobile channels.
With a workforce of 501-1000 employees, Movable Ink leverages AI and automation to deliver innovative marketing solutions. Their platform connects to all relevant data, updating content based on recent interactions.
Movable Ink's solutions are utilized by a global client base, enhancing marketing efforts for brands in various industries. The company has been recognized for its workplace culture and rapid growth.
How Much Funding Has Movable Ink Raised?
- Series A
- Amount Raised: $1.3M
- Date: July 2011
- Lead Investors: Contour Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish a strong foundation and accelerate initial growth.
- Series B
- Amount Raised: $11M
- Date: May 2013
- Lead Investors: Intel Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and scale operations.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2016
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support ongoing innovation and market expansion.
- Series C
- Amount Raised: $30M
- Date: August 2020
- Lead Investors: Contour Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI capabilities and drive customer engagement.
- Series D
- Amount Raised: $55M
- Date: April 2022
- Lead Investors: Silver Lake Waterman
- Valuation at Round: $1.3 billion
- Motivation Behind the Round: To accelerate product roadmap and expand workforce.
Total amount raised: $97.3M. Current valuation: $1.3 billion.
Key Investors
- Silver Lake Waterman
- Details: Silver Lake Waterman is a growth capital arm of Silver Lake, a global leader in technology investing. They focus on providing flexible expansion capital to later-stage growth companies in the technology and technology-enabled industries.
- Investment Focus Areas: Technology, growth-stage companies, technology-enabled industries.
- Notable Investments: Dell Technologies, Airbnb, Twitter.
- Contour Venture Partners
- Details: Contour Venture Partners is a venture capital firm that invests in early-stage technology companies. They have been an existing investor in Movable Ink, supporting its growth since earlier stages.
- Investment Focus Areas: Early-stage technology companies, enterprise software, financial services, digital media.
- Notable Investments: BounceX, Datadog, OnDeck.
- Intel Capital
- Details: Intel Capital is the strategic investment arm of Intel Corporation, investing in innovative technology startups. They have been an existing investor in Movable Ink, contributing to its strategic development and innovation.
- Investment Focus Areas: AI, cloud computing, data-centric technologies.
- Notable Investments: Cloudera, Vuzix, MongoDB.
What's Next for Movable Ink?
Movable Ink stands at the cusp of significant growth opportunities, driven by the increasing demand for personalized marketing experiences. With a recent $55 million Series D funding round, the company is poised to expand its AI-driven products and enhance its workforce, aiming to surpass 700 employees. The acquisition of Coherent Path further bolsters its capabilities, allowing Movable Ink to offer more sophisticated personalization across various digital platforms.
Future fundraising opportunities appear promising, given the company's strong growth trajectory and investor interest. Movable Ink's focus on innovation and expanding its market reach suggests potential for additional funding rounds to support its ambitious goals. However, the company may face challenges such as integrating new acquisitions, maintaining rapid growth, and navigating competitive pressures in the marketing technology space.
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