The funding round, which was a mix of primary and secondary transactions, was led by new investors Chrys Capital, Dragon Funds and Schroders Capital
MoEngage also said that it completed its second employee tender offer worth $15 Mn, benefiting 259 current and former employees
It will expand its presence in global markets through acquisitions and scaling existing teams
SaaS startup MoEngage has raised an additional $180 Mn raise in its Series F round, which was a mix of primary and secondary transactions, led by new investors Chrys Capital, Dragon Funds and Schroders Capital. With this, the startup closed the funding round at $280 Mn.
Last month, MoEngage announced raising $100 Mn from existing investor Goldman Sachs Alternatives and new investor A91 Partners. The consumer engagement platform, which is active in over 75 countries, was last valued at about $850 Mn.
MoEngage also said that it completed its second employee tender offer worth $15 Mn, benefiting 259 current and former employees. The round also saw secondary transactions giving partial exit to investors Eight Roads Ventures, Helion Venture Partners, Z47 Partners, and Ventureast.
The startup plans to use the funds to further innovate its agentic AI platform for marketers called Merlin AI. It also plans to scale its go-to-market teams in North America, Europe, Middle East and Africa, while exploring strategic acquisitions that aid in global expansion or product improvement.
(The story will be updated soon)
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