Total amount raised
$56.8 Millions
Latest funding date
03/01/2021
Location
Acquire has successfully raised $45 million in a Series B funding round, with notable investors such as Tiger Global Management and Fathom Capital. The platform offers a unified customer engagement solution, consolidating all communication, interactions, channels, and tools.
Keep reading to explore the intricacies of Acquire's fundraising journey and the investors backing this innovative platform.
What Is Acquire?
Acquire, founded in 2018 by Amrit Dhangal and Laduram Vishnoi, is headquartered in San Francisco, California. The company offers a unified customer engagement platform that consolidates all communication, interactions, channels, and tools under one roof.
With a team of 251-500 employees, Acquire enables businesses to respond to customers instantly using live chat, chatbots, cobrowse, video and voice, email, SMS, and more, all from a simplified dashboard.
The platform is designed to improve customer service through powerful workflows and digital channels, driving engagement and retention for businesses.
How Much Funding Has Acquire Raised?
- Series B
- Amount Raised: $45,000,000
- Date: March 2021
- Lead Investors: Tiger Global Management
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand market reach.
- Series A
- Amount Raised: $6,400,000
- Date: June 2020
- Lead Investors: Base10 Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the go-to-market strategy and build out marketing and customer success teams.
- Seed Round
- Amount Raised: $5,400,000
- Date: November 2019
- Lead Investors: S28 Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Initial development and growth of the platform.
Total Amount Raised: $56,800,000. Current Valuation: Not publicly disclosed.
Key Investors
The major investors in Acquire are as follows:
- Tiger Global Management
- Details: Tiger Global Management is a leading global investment firm that focuses on private and public companies in the technology sector. They have a strong track record of investing in high-growth companies worldwide.
- Investment Focus Areas: Technology, Internet, Software, Consumer.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Base10 Partners
- Details: Base10 Partners is a venture capital firm that invests in early-stage technology companies. They aim to support companies that are transforming traditional industries through automation and data.
- Investment Focus Areas: Automation, Data, Fintech, Healthcare, Logistics.
- Notable Investments: The Zebra, Popmenu, Reflektive.
- S28 Capital
- Details: S28 Capital is an early-stage venture capital firm that focuses on investing in technology startups. They provide support and resources to help companies scale and succeed.
- Investment Focus Areas: SaaS, Enterprise Software, Fintech, Security.
- Notable Investments: Not publicly disclosed.
- Fathom Capital
- Details: Fathom Capital is a venture capital firm that invests in early-stage technology companies. They focus on companies that are leveraging data and technology to create new market opportunities.
- Investment Focus Areas: Data, Technology, Marketplaces, SaaS.
- Notable Investments: Not publicly disclosed.
What's Next for Acquire?
Acquire stands at the cusp of significant growth opportunities, driven by the increasing demand for unified customer communication solutions. The company is poised to expand its platform, integrating more communication tools and capitalizing on the accelerated market shift due to the COVID-19 pandemic. This growth trajectory opens doors for future fundraising, attracting venture capital firms eager to invest in high-growth tech companies.
However, challenges lie ahead. Acquire must navigate competition from other customer engagement platforms and keep pace with rapid technological advancements. Ensuring seamless integration of various tools and managing rapid growth will be crucial for sustaining its momentum.
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