How Much Did Convosight Raise? Funding & Key Investors

Convosight provides consumer insights from social media, emphasizing visual-first data representation to help users understand consumer behavior and trends more effectively. The platform has successfully raised funding to support its innovative approach to social media analytics.

Keep reading to explore the intricacies of Convosight's fundraising journey and the investors backing this innovative platform.

What Is Convosight?

Convosight is a platform that provides consumer insights from social media, focusing on visual-first data representation. The company aims to help users understand consumer behavior and trends more effectively.

While specific details such as the founding year, location, founder names, and employee count are not available from the provided sources, Convosight's innovative approach to social media analytics has garnered significant attention and funding.

How Much Funding Has Convosight Raised?

1. Seed Round
   • Amount Raised: $4,000,000
   • Date: April 2020
   • Lead Investors: IvyCap Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the platform and enhance data analytics capabilities.
2. Series A
   • Amount Raised: $9,000,000
   • Date: June 2021
   • Lead Investors: Qualgro VC
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand market reach and improve machine learning features.
3. Series B
   • Amount Raised: $4,600,000
   • Date: November 2022
   • Lead Investors: IvyCap Ventures, Qualgro VC
   • Valuation at Round: Approximately INR 335 crore
   • Motivation Behind the Round: To support growth and enhance community monetization features.

Total Amount Raised: $17,600,000. Current Valuation: Approximately INR 335 crore.

Key Investors

Here are the major investors in Convosight:

• IvyCap Ventures
  • Details: IvyCap Ventures is a venture capital firm that focuses on early to growth-stage companies. They have a strong presence in the Indian startup ecosystem.
  • Investment Focus Areas: Technology, healthcare, consumer products
  • Notable Investments: Purplle, Clovia, Bluestone
• Qualgro Venture Capital
  • Details: Qualgro VC is a venture capital firm that invests in technology and innovation-driven companies. They are known for their focus on data analytics and enterprise software.
  • Investment Focus Areas: Data analytics, artificial intelligence, enterprise software
  • Notable Investments: Appier, Wavecell, Mobikon
• Twenty Nine Capital
  • Details: Twenty Nine Capital is an investment firm that participated in Convosight's funding round. They typically invest in diverse sectors including technology and startups.
  • Investment Focus Areas: Technology, startups
  • Notable Investments: Specific notable investments are not mentioned.

What's Next for Convosight?

Convosight stands at the cusp of significant growth opportunities, leveraging its expertise in community monetization on platforms like Facebook, Reddit, Telegram, and Slack. With partnerships with over 150 brands and more than 100K communities, the potential for expansion is vast. The company has already paid out over $2 million to community creators, indicating a robust market presence.

Future fundraising appears promising, with the possibility of additional funds in the current pre-Series B round. As Convosight continues to grow, subsequent Series B and other rounds are likely, driven by the increasing importance of community marketing and data analytics. However, challenges such as scaling the platform, competition, and ensuring data privacy will need to be navigated carefully.

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