Total amount raised
$169 Millions
Latest funding date
11/1/2022
Location
Contentstack has successfully raised significant funding over multiple rounds, with its latest being a Series C. The company offers a headless content management system (CMS) and an adaptive digital experience platform (DXP).
Keep reading to explore the intricacies of Contentstack's fundraising journey and the investors backing this innovative platform.
What Is Contentstack?
Contentstack, founded in January 2018, is headquartered in Austin, Texas. The company was established by Matthew Baier, Neha Sampat, and Nishant Patel.
Specializing in digital experience platforms, Contentstack offers a range of products including a headless CMS, Visual Builder, and automation tools. Their platform is designed to empower marketers and developers to deliver personalized digital experiences.
With a workforce of 501-1000 employees, Contentstack continues to innovate in the digital experience space, maintaining a high customer satisfaction rating and being a founding member of the MACH Alliance.
How Much Funding Has Contentstack Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: November 2018
- Lead Investors: Illuminate Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company and develop its initial product offerings.
- Series A
- Amount Raised: $31.5M
- Date: October 2019
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and expand the customer base.
- Series B
- Amount Raised: $57.5M
- Date: June 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support global expansion and increase workforce.
- Series C
- Amount Raised: $80M
- Date: November 2022
- Lead Investors: Georgian, Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team in India and support enterprise adoption of composable architecture.
Total Amount Raised: $169M. Current Valuation: Not publicly disclosed.
Key Investors
- Georgian
- Details: Georgian is a growth equity firm based in Toronto, Canada. They invest in high-growth software companies that leverage applied artificial intelligence, trust, and conversational AI.
- Investment Focus Areas: Applied artificial intelligence, trust, conversational AI.
- Notable Investments: Shopify, FreshBooks, Top Hat.
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm headquartered in New York City. They focus on high-growth technology and software companies.
- Investment Focus Areas: Technology, software, internet startups.
- Notable Investments: Twitter, Shopify, DocuSign.
- Illuminate Ventures
- Details: Illuminate Ventures is a venture capital firm based in Oakland, California. They specialize in early-stage enterprise cloud and mobile computing companies.
- Investment Focus Areas: Enterprise cloud computing, SaaS, mobile technology.
- Notable Investments: BrightEdge, Xactly, Yozio.
What's Next for Contentstack?
Contentstack is poised to capitalize on the growing demand for digital content management systems, particularly in the enterprise sector. With a focus on expanding its technical and engineering team in India, the company aims to leverage local talent to enhance its offerings. The global market for CMS is projected to reach $53.2 billion by 2030, presenting a significant opportunity for growth.
Future fundraising rounds seem likely as Contentstack continues to scale its operations and innovate its product offerings. The recent $80 million Series C funding round, co-led by Georgian and Insight Partners, underscores investor confidence in the company's potential. However, challenges such as competition from other CMS providers and managing a rapidly growing team across multiple locations could pose hurdles along the way.
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