Total amount raised
$15.9 Millions
Latest funding date
01/01/2024
Location
Cinch has successfully raised funds through multiple rounds, with the latest being a Seed round closed on December 12, 2023. The company has attracted investments from notable investors like Kickstart, Cultivation Capital, and Monk's Hill Ventures.
Keep reading to explore the intricacies of Cinch's fundraising journey and the investors backing this innovative platform.
What Is Cinch?
Cinch, founded in 2018, is based in Draper, Utah. The company was established by Chris London, Jeremy Howlett, and Justin Rae.
Specializing in marketing automation, Cinch offers a low-code tool that enables B2C businesses to manage and utilize their data through a Customer Data Platform (CDP), Data Science, and Marketing Automation.
With a team of 11-50 employees, Cinch helps multi-location and service-based businesses optimize customer retention and marketing strategies using predictive AI tools and personalized customer experiences.
How Much Funding Has Cinch Raised?
- Seed Round
- Amount Raised: $3M
- Date: January 2022
- Lead Investors: Tim Hansen
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance their marketing automation tools and expand their customer base.
- Seed Round
- Amount Raised: $2.9M
- Date: April 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their Customer Data Platform (CDP) and integrate advanced data science capabilities.
- Seed Round
- Amount Raised: $2.5M
- Date: September 2022
- Lead Investors: Cultivation Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale their operations and improve predictive AI tools for customer retention.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: December 2023
- Lead Investors: Kickstart
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their market reach and enhance personalized customer experiences.
- Venture Round
- Amount Raised: $7.5M
- Date: January 2024
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and invest in new technology innovations.
Total Amount Raised: $15.9M
Current Valuation: Not publicly disclosed
Key Investors
- Kickstart
- Details: Kickstart is a venture capital firm that focuses on early-stage investments. They have a strong presence in the Western United States.
- Investment Focus Areas: Technology, SaaS, Consumer Products
- Notable Investments: Podium, Lucidchart, SimpleCitizen
- Cultivation Capital
- Details: Cultivation Capital is a venture capital firm that invests in early-stage companies. They are known for their focus on technology and life sciences.
- Investment Focus Areas: Technology, Life Sciences, Agriculture
- Notable Investments: Gainsight, LockerDome, Observable
- Tim Hansen
- Details: Tim Hansen is an individual investor with a background in technology and startups. He has been involved in multiple successful ventures.
- Investment Focus Areas: Technology, Startups, SaaS
- Notable Investments: Information not publicly disclosed
What's Next for Cinch?
Unfortunately, the requested information about opportunities, industry trends, growth opportunities, challenges, and predictions for future fundraising or acquisitions for Cinch was not found in the provided sources. The sources either focused on unrelated content or were purely illustrative and did not contain any relevant business-related insights.
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