Total amount raised
$180 Millions
Latest funding date
09/01/2022
Location
Title
Muck Rack has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform offers a comprehensive suite of tools for public relations teams and journalists, including media monitoring, database management, and PR reporting.
Keep reading to explore the intricacies of Muck Rack's fundraising journey and the investors backing this innovative platform.
What Is Muck Rack?
Muck Rack, founded in 2009, is headquartered in New York City. The company was established by Greg Galant and Lee Semel.
Specializing in PR software, Muck Rack offers tools for media monitoring, database management, and PR reporting. Their platform is designed to streamline the workflow for PR teams and journalists alike.
With a growing team, Muck Rack continues to innovate in the public relations industry, providing essential solutions for modern PR challenges.
How Much Funding Has Muck Rack Raised?
- First Outside Funding Round
- Amount Raised: $180 million
- Date: September 2022
- Lead Investors: Susquehanna Growth Equity
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Muck Rack's rapid growth and continue defining the role of Public Relations Management (PRM) in the SaaS ecosystem.
Total Amount Raised: $180 million. Current Valuation: Not publicly disclosed.
Key Investors
- Susquehanna Growth Equity (SGE)
- Details: SGE is a growth equity firm that invests in software, internet, information services, and financial technology companies. They are taking a minority stake in Muck Rack as part of this investment.
- Investment Focus Areas: Software, internet, information services, financial technology.
- Notable Investments: Not publicly disclosed.
What's Next for Muck Rack?
As Muck Rack looks to the future, the opportunities are vast. The company is poised to expand its PRM platform, enhancing media monitoring, reporting, and analytics tools. With the shift towards cloud-based solutions and remote work, Muck Rack has the potential to become a dominant global PR platform.
Given its impressive growth metrics, future fundraising could be on the horizon to support further expansion. However, the rapidly changing media landscape presents challenges. Adapting to the prominence of social media and maintaining the value of its offerings will be crucial as Muck Rack navigates this dynamic environment.
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