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Total amount raised
$84M
Latest funding date
2023-01-31
Location
OneSignal has successfully raised funds through seven distinct funding rounds, with its latest being a Series C round led by ServiceNow Ventures. The platform is a comprehensive customer engagement solution, offering services like push notifications, email, SMS, and in-app messaging.
Keep reading to explore the intricacies of OneSignal's fundraising journey and the investors backing this innovative platform.
OneSignal, the customer messaging and engagement platform, has raised a total of approximately $84M across multiple funding rounds since its founding in 2011 as a Y Combinator-backed startup.
The company's funding journey began with a pre-seed round of approximately $170,000 from Y Combinator, SV Angel, and Start Fund in 2011. This was followed by a seed round of $2.5 million in 2015, backed by Rakuten Ventures, Y Combinator, SV Angel, and angel investors including Justin Kan (co-founder of Twitch) and Zach Coelius.
In August 2017, OneSignal raised $7 million in Series A funding led by SignalFire, with participation from Rakuten Ventures and other angel investors, bringing total funding at that time to approximately $9.5 million.
The company then raised $25 million in Series B funding in July 2019, led by SignalFire with participation from Rakuten Capital. In April 2021, OneSignal secured an undisclosed corporate round in the form of a convertible note from HubSpot.
OneSignal's most recent and largest round was a $50 million Series C in September 2022, led by BAM Elevate (an investment division of Balyasny Asset Management), with participation from Nimble Partners, SignalFire, Zach Coelius, Rakuten Ventures, Yes VC, HubSpot, and Y Combinator. In January 2023, the company extended its Series C with an additional undisclosed strategic investment from ServiceNow Ventures.
