Total amount raised
$12 Millions
Latest funding date
4/1/2022
Location
Amplemarket has successfully raised significant funding across multiple rounds, attracting a diverse group of investors including Caixa Capital and Flexport. The platform leverages AI to enhance sales processes, offering tools for data and lead generation, multichannel engagement, and deliverability optimization.
Keep reading to explore the intricacies of Amplemarket's fundraising journey and the investors backing this innovative platform.
What Is Amplemarket?
Amplemarket, founded in 2018, is based in San Francisco, California. The company was established by João Batalha, Luis Batalha, and Micael Oliveira. With a team of 51-100 employees, Amplemarket offers an AI-driven sales intelligence platform designed to help businesses achieve their revenue goals.
How Much Funding Has Amplemarket Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: July 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To lay the foundation for product development and initial market entry.
- Convertible Note
- Amount Raised: Not publicly disclosed
- Date: July 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide additional working capital and support ongoing operations.
- Series A
- Amount Raised: $12M
- Date: April 2022
- Lead Investors: Armilar Venture Partners, Comcast Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product offerings, grow the team, and expand customer reach.
Total Amount Raised: $12M. Current Valuation: Not publicly disclosed.
Key Investors
- Comcast Ventures
- Details: Comcast Ventures is the venture capital affiliate of Comcast Corporation. It invests in innovative companies across various stages and sectors, leveraging Comcast's resources and expertise to help portfolio companies grow.
- Investment Focus Areas: Media, entertainment, technology, telecommunications
- Notable Investments: Nextdoor, Houzz, FanDuel
- Armilar Venture Partners
- Details: Armilar Venture Partners is a leading venture capital firm based in Portugal. It focuses on investing in early-stage technology companies with high growth potential, providing both capital and strategic support to help them scale.
- Investment Focus Areas: Software, hardware, deep tech
- Notable Investments: Feedzai, Unbabel
What's Next for Amplemarket?
Amplemarket is poised to capitalize on the growing demand for AI-driven sales solutions. With plans to expand its team by 250% and enhance its NLP capabilities, the company is well-positioned to scale its customer reach and enter new markets. This significant growth opportunity is backed by the recent $12 million funding, providing the financial resources needed to support these initiatives.
Future fundraising seems likely as Amplemarket continues to grow and innovate. However, the company may face challenges such as competition from other AI-driven sales platforms and maintaining a cohesive culture during rapid expansion. Navigating these hurdles will be crucial for sustaining its growth trajectory.
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